Yes, it is that period again. The Build-To-Order (BTO) period. Probably almost every Singaporean’s favourite acronym.
On 30th August, the Housing & Development Board (HDB) launched 4,993 BTO flats for sale.
The units are spread across six estates, which are, Bukit Merah, Ang Mio Kio, Woodlands, Choa Chu Kang, Jurong East and Tampines.
There will be two projects in Bukit Merah, which are under the Prime Location Public Housing (PLH) model.
Before you rush off to apply, read finish first la. You might find the information here quite useful.
Bukit Merah Projects Under the PLH Model
The two projects located in the mature estates of Bukit Merah will be under the PLH model, which comes with its own set of buying and selling conditions. Oh, and just a heads-up, they have a six percent clawback upon their sale.
The Alexendra Vale project, which is situated beside Redhill MRT station, have 782 flats across two blocks for sale. They cost anywhere from $385,000 to $477,000 for a three-room flat, and $547,000 to $705,000 for a four-room flat. Prices are before grants.
This project is estimated to be completed in the latter half of 2028.
The other project, Havelock Hillside, which is along Havelock road, 869 flats are up for grabs. Prices for the flats range anywhere from $370,000 to $515,000 for a three-room flat, and $531,000 to $730,000 for a four-room flat.
The project is expected to complete by the fourth quarter for 2028. It will be joined by the upcoming Havelock MRT Station.
What is the PLH Model you might ask. Don’t worry, we will explain it to you here.
According to HDB, the PLH model basically ensures that the new public housing built in prime, central location will remain affordable for all Singaporeans.
For those who are planning to sell the flat, do take note that the Minimum Occupation Period (MOP) for PLH flats is 10 years, as opposed to the normal BTO flats, which is five years.
It is stated that you are allowed to rent out bedrooms. However, owners are not allowed to rent out the entire flat even after the MOP.
Priority for PLH flats will be given to those who are applying for flats near their parents/ married children. This scheme is called the Married Child Priority Scheme (MCPS), which will be reviewed and adjusted according to the location of the site.
Do take note that you can only submit one application for one town and one flat type during the BTO sales launch.
However, if you have already submitted a flat application and wish to change to a PLH flat application, you can cancel your existing application and then make a new application, which will set you back $10.
In Tampines, 267 flats are being offered. Prices vary from $381,000 for a four-room flat and $520,000 for a five-room flat. The project is set to be completed in the second quarter of 2026.
For Woodlands, 630 flats are up for grabs. The project is served by Woodlands South MRT station. Prices range from $188,000 for a three-room flat and $303,000 for a four-room flat. The project is expected to be completed by the start of 2027.
Over at Ang Mo Kio, 896 flats are on sale across five blocks. The project is a 10 minutes walk away from Ang Mio Kio Interchange and buyers will have to wait until the second quarter of 2028 for the project to finish.
10% of this project will be allocated to those applying under the Resettlement, Relocation, Sers and Tenants’ Priority Scheme.
Prices for the Ang Mio Kio project range from $535,000 to $676,000 for a four-room flat and $720,000 to $877,000 for a five-room flat.
The project at Choa Chu Kang has 987 flats up for grabs at Keat Hong Grange. This project is a 10-minute walk from Teck Whye LRT station. Prices vary from $277,000 for a four-room flat and $390,000 for a five-room flat.
Buyers will have to wait till the fourth quarter of 2026 for the project to be completed.
Lastly, in Jurong East, there are 562 flats available and they are located along Jurong East Centre. Prices vary from $194,000 for a three-room and $283,000 for a four-room flat. This project is expected to be completed by the second quarter of 2028.
Do note that application for BTO flats closes on 5th September 2022 at 11:59 PM and flats will be allocated through a balloting system.
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Featured Image: Facebook (Housing & Development Board)