Nov 2012 BTO

[keithster]

Our Review Of Toa Payoh Crest (November 2012 BTO HDB Flats)

 

[twinklingstars]

uhm... 100%? basically each applicant can have at least 2 flats to choose

Oic thanks.. but I still have to take into account ethnic quota right? Hope I can get a good queue number so that I can select a high floor unit..

 

[yukita]

Oic thanks.. but I still have to take into account ethnic quota right? Hope I can get a good queue number so that I can select a high floor unit..

yes of course must take in the ethnic quota ...
wanted to apply ghim moh edge 4 room, but difficult to swallow the price, i love everything except the price ... hence apply at sengkang 5 room (still cheaper than ghim moh 4 room price)

first time apply, hope can get good number ...

 

[wAt3v3r]

Our Review Of Toa Payoh Crest (November 2012 BTO HDB Flats)

Nice review! Will u be doing review of the other bto as well?

 

[jareon81]

OOT abit..
Whats the estimated price for SA in whampoa/kallang ah?

My guess is that it will be a bit cheaper than the studios at McNair Towers. Maybe 10k to 15k less?

The McNair pricing is
37sqm: $124,000 - $142,000
47sqm: $164,000 - $174,000

I think the new plot is in a pretty good spot, nearby is all the eateries and the NTUC and the bus terminal. McNair Towers was a Premium BTO while this new one is a Standard BTO.

Why do you ask anyway? There were lots of unselected studio apartments at McNair Towers.

 

[acetylcholine]

Just to confirm, if I am applying for a BTO flat which is near to my parents, I will only get an increase in the number of ballots? There is no additional monetary grant right? Thanks!

 

[xtwis7]

Just to confirm, if I am applying for a BTO flat which is near to my parents, I will only get an increase in the number of ballots? There is no additional monetary grant right? Thanks!

Yup. You get 2 more chances only.

 

[noel13]

Just to confirm, if I am applying for a BTO flat which is near to my parents, I will only get an increase in the number of ballots? There is no additional monetary grant right? Thanks!

That additional will be for resale flat on open market only

 

[lzjlee]

Understand that there is a MOP of 5yrs from the date of taking possession of the new flat. But is it possible to apply for another flat within the 5yrs period? i.e applying for another flat due for completion 4yrs later during the 2nd yr of stay. Or must wait for the 5yrs to lapse first before one can apply again..

 

[bold10]

Understand that there is a MOP of 5yrs from the date of taking possession of the new flat. But is it possible to apply for another flat within the 5yrs period? i.e applying for another flat due for completi
on 4yrs later during the 2nd yr of stay. Or must wait for the 5yrs to lapse first before one can apply again..

You must complete the 5 yrs MOP if the flat u brought direct from HDB. Cannot apply any BTO before MOP.

 

[charel_ong]

My guess is that it will be a bit cheaper than the studios at McNair Towers. Maybe 10k to 15k less?

The McNair pricing is
37sqm: $124,000 - $142,000
47sqm: $164,000 - $174,000

I think the new plot is in a pretty good spot, nearby is all the eateries and the NTUC and the bus terminal. McNair Towers was a Premium BTO while this new one is a Standard BTO.

Why do you ask anyway? There were lots of unselected studio apartments at McNair Towers.

Thanks.. Im looking out for my mum .. Wants her to apply SA there cus near her workplace..

Means theres chances for my mum to get one standard flat there? Do u know why there are many unselected flats?

Thanks

 

[jareon81]

Thanks.. Im looking out for my mum .. Wants her to apply SA there cus near her workplace..

Means theres chances for my mum to get one standard flat there? Do u know why there are many unselected flats?

Thanks

I actually don't really know why there are so many. There were 579 applicants for 270 studio apartments. But now at the end of the exercise there are 73 untaken units.

Personally I don't really find a studio apartment value for money. The main reason is that the lease is only 30 years. They come in 2 sizes which is 47sqm which is the size a 2-rm HDB (if you look at the 2-rm flats at Punggol Opal these sell from $104,000 to $130,000 but come with 99 year leases - of course there is an income ceiling for these flats but if I was retired I might not have any income) and a smaller size of 37sqm. There are also restrictions, like you can't sell these on the open market, only return to HDB.

If i was a retiree now I would rather keep my existing paid up flat and maybe rent out a room if I needed money. You wouldn't have this option with a studio apartment. I guess I would go for a studio apartment only if I didn't really care about the money and really liked the location. One plus point is that the location of the studio apartments are generally pretty good locations. There also isn't much hassle with moving in as all the fittings are already done like wardrobes etc. Another reason might be so that the children has a higher chance to get a flat in the same project with the priority scheme.

 

[Snap11]

Any idea when will nov result be out?

 

[ahzai66]

I actually don't really know why there are so many. There were 579 applicants for 270 studio apartments. But now at the end of the exercise there are 73 untaken units.

Personally I don't really find a studio apartment value for money. The main reason is that the lease is only 30 years. They come in 2 sizes which is 47sqm which is the size a 2-rm HDB (if you look at the 2-rm flats at Punggol Opal these sell from $104,000 to $130,000 but come with 99 year leases - of course there is an income ceiling for these flats but if I was retired I might not have any income) and a smaller size of 37sqm. There are also restrictions, like you can't sell these on the open market, only return to HDB.

If i was a retiree now I would rather keep my existing paid up flat and maybe rent out a room if I needed money. You wouldn't have this option with a studio apartment. I guess I would go for a studio apartment only if I didn't really care about the money and really liked the location. One plus point is that the location of the studio apartments are generally pretty good locations. There also isn't much hassle with moving in as all the fittings are already done like wardrobes etc. Another reason might be so that the children has a higher chance to get a flat in the same project with the priority scheme.

Studio Apartment is another way for the govt to cheat $$$ from the citizens... i really don't see any benefit of it for anyone buying and if you really think thoroughly... u are making a big loss, well... i think most people really never think and calculate properly... they just follow whatever everyone else is doing...

 

[twinklingstars]

Any idea when will nov result be out?

mid dec.....

 

[flabbyblob]

Hi guys, first-timer applicant here, applied for 4-rm BTO at queenstown. However, my gf and I are thinking of furthering our studies overseas in about 2-3 years time (2014-2015) for 3 years (returning in 2018-2019). This means that should we get the flat, it could be vacant for about 2 years after it is ready, given the date of completion is 2nd Q of 2017. Two questions:

1. Can I confirm that the MOP starts from the point we return from overseas, since hdb site states physical presence is required?

2. Are we able to rent the unit out in such circumstances where MOP is not satisfied but we are not in the country? Or any idea what we might be able to do instead of leaving the flat vacant? (E.g have the flat choped for us but start paying when we get back?)

We really like the location and our plans to further studies abroad are still not confirmed. Therefore we decided to go ahead with the ballot. Any advice would be most appreciated. We would also be going down to HDB office to find out more, just wanted to see if anyone might have some experience or expertise in such a situation.

Thanks in advance!

 

[keithster]

Just to confirm, if I am applying for a BTO flat which is near to my parents, I will only get an increase in the number of ballots? There is no additional monetary grant right? Thanks!

new bto only additional chances (4 chances)... no grant... buy resale then got stay near parents grant...

 

[keithster]

Nice review! Will u be doing review of the other bto as well?

yes of course

 

[wAt3v3r]

yes of course

I see! Looking forward to your reviews! And thanks for all the effort!

 

[shootingstar88]

Hi guys, first-timer applicant here, applied for 4-rm BTO at queenstown. However, my gf and I are thinking of furthering our studies overseas in about 2-3 years time (2014-2015) for 3 years (returning in 2018-2019). This means that should we get the flat, it could be vacant for about 2 years after it is ready, given the date of completion is 2nd Q of 2017. Two questions:

1. Can I confirm that the MOP starts from the point we return from overseas, since hdb site states physical presence is required?

2. Are we able to rent the unit out in such circumstances where MOP is not satisfied but we are not in the country? Or any idea what we might be able to do instead of leaving the flat vacant? (E.g have the flat choped for us but start paying when we get back?)

We really like the location and our plans to further studies abroad are still not confirmed. Therefore we decided to go ahead with the ballot. Any advice would be most appreciated. We would also be going down to HDB office to find out more, just wanted to see if anyone might have some experience or expertise in such a situation.

Thanks in advance!

Hi there,

I don't think renting out is legal.