HDB launches three BTO projects in Sengkang, Bukit Panjang

SINGAPORE: The Housing & Development Board (HDB) has launched three Build-To-Order (BTO) projects comprising 1,593 standard flats.

Two of the projects - Fernvale Flora and Fernvale Gardens - are located in Sengkang.

The third, Segar Vale, is in Bukit Panjang.

Units in Segar Vale cost between S$83,000 and S$354,000 while the units at the two Sengkang BTO projects cost between S$88,000 and S$378,000.

Ninety-five per cent of the flat supply will be set aside for First-Timer households.

First-time flat buyers are estimated to use 16 per cent to 24 per cent of their monthly household income to meet their monthly loan payments for flats in Fernvale Flora, Fernvale Gardens and Segar Vale.

HDB said it has ramped up its new flat supply significantly to meet the demand from first-timer households.

This year, it plans to offer up to 22,000 new flats under BTO, if demand is sustained.

In the first six months of 2011, flat buyers can look forward to about 11,000 new BTO flats.

These projects will have a good geographical spread in towns/estates such as Bukit Panjang, Jurong West, Punggol, Sengkang and Sembawang.

The next BTO launch in March 2011 will offer about 1,500 flats in Jurong West and Sengkang.

- CNA/fa

[ article extracted from channelnewsasia.com ]