[[ Official Oct 2024 BTO ]]

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https://www.straitstimes.com/singap...-with-6-to-9-per-cent-subsidy-clawback-clause

Prime and Plus HDB flats in Oct BTO launch to come with 6 to 9 per cent subsidy clawback clause​

SINGAPORE – The new Plus and Prime flats launched on Oct 16 will come with a subsidy clawback clause of between 6 and 9 per cent, said the Housing Board, as it rolled out 8,573 Build-To-Order (BTO) homes under a new flat classification system.

The new launch will sort BTO projects into the Standard, Plus and Prime categories based on their proximity to the city centre, transport connectivity and amenities. It replaces the system of demarcating estates as either mature or non-mature.

Plus and Prime flats, which are in more attractive locations, come with significant additional subsidies to keep them affordable, said HDB. It has said the subsidy recovery clause is needed to curb the “lottery effect” of owning flats in prime and central locations.

“To maintain parity with other BTO flat buyers who are not accorded additional subsidies, Plus and Prime flat owners will be required to pay HDB a percentage of the resale or valuation price (whichever is higher) of the flat upon selling it, after meeting the 10-year minimum occupation period (MOP),” said HDB on Oct 16.

This launch has seven projects each under the Standard and Plus categories, with 4,988 Standard flats and 3,273 Plus flats on offer.
The only Prime project in Kallang/Whampoa, Crawford Heights, has 312 units for sale.

The subsidy clawback has been set at 9 per cent for the Prime project, and between 6 per cent and 8 per cent for the seven Plus projects.

Besides a subsidy recovery clause, Prime and Plus flats will have stricter resale conditions, such as a 10-year MOP. And when they hit the resale market in future, those who want to buy these flats must meet a household income ceiling of $14,000.

Standard flats will not have a subsidy recovery clause when they are sold, and will come with a five-year MOP.

At Prime project Crawford Heights, prices (without grants) range from $390,000 to $523,000 for a three-room unit, and $568,000 to $759,000 for a four-room flat, making these flats among the priciest at this launch.

For comparison, four-room flats in Kallang/Whampoa transacted at between $890,000 and $938,000, said HDB, noting that there were no comparable three-room resale flats in the vicinity.

For the Plus project Merpati Alcove, located next to Mattar MRT station, near Aljunied Road, the subsidy recovery has been set at 8 per cent. Four-room flats in this project are going for $530,000 to $647,000, without grants.

Meanwhile, four-room units in Kembangan Wave in the same estate are priced at $453,000 to $592,000, with the subsidy clawback set at 6 per cent.

HDB said it takes into consideration the extra subsidies needed to keep individual Plus projects more affordable when determining the subsidy recovery percentages.

The two BTO projects in Bayshore are “more favourably located” than the Kembangan project as they are near East Coast Park and a proposed sports and recreation facility, HDB said.

Merpati Alcove’s subsidy clawback of 8 per cent is higher than Bayshore’s as it is located “at the doorstep” of an MRT station and is closer to the city centre, it added.

“As their more favourable locations command higher market values, higher additional subsidies are required to lower their flat prices so that they are more affordable to a wider range of Singaporeans,” said HDB.

When the prime location public housing model was introduced in 2021, the clawback was 6 per cent. It was raised to 8 per cent in December 2023, and again to 9 per cent in June 2024.

As for whether the subsidy recovery rate will be fixed for subsequent BTO launches, HDB said this will vary at each launch and correspond with the amount of additional subsidies needed to bring the prices of Plus and Prime projects down to more affordable levels.

Spread across nine towns – Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Geylang, Kallang/Whampoa, Pasir Ris, Sengkang and Woodlands – October’s exercise makes up more than 40 per cent of new flat supply for 2024.

In this BTO launch, eligible flat buyers can also tap the higher Enhanced CPF Housing Grant (EHG), which was raised to up to $120,000 for families and $60,000 for singles in August.

Buyers will be subject to a tighter loan-to-value limit of 75 per cent – a cooling measure implemented in August to encourage prudent borrowing and dampen demand in the HDB resale market.

Those who pick flats at Crawford Heights can opt for open-concept “white flats”, which are being piloted for the first time in this sales exercise.

Home buyers that opt for this will pay $6,000 less for a three-room flat, and $8,600 less for a four-room flat as inner partition walls and some electrical points are not provided.

The October sales exercise also marks the first time singles can apply for two-room flexi flats in all locations, with more than 1,900 such flats on offer. Previously, they could apply for such flats only in non-mature estates.

HDB said applicants who wish to improve their chances of securing a flat are encouraged to apply for Standard flats, where at least 95 per cent of the four-room and larger flats are set aside for first-timer families.

Flat applications close at 11.59pm on Oct 23 on the HDB Flat Portal. The new homes will be allocated through balloting.

The October exercise takes the number of BTO flats launched in 2024 to 19,637.

In the next BTO exercise, in February 2025, HDB will offer about 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands and Yishun.

Crawford Heights - Prime (Oct 2024 Build-To-Order)​

Kallang/Whampoa​

Indicative price range​

of 3-room flats in Crawford Heights - Prime​

$390,000 - $523,000​

of 4-room flats in Crawford Heights - Prime​

$568,000 - $759,000​

 

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Kembangan Wave - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Kembangan Wave - Plus​

$64,000 - $230,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $190,000 - $230,000​

Indicative price range for short leases​

• 15 Years:
  

  $64,000 - $77,000​

• 20 Years:
  

  $76,000 - $92,000​

• 25 Years:
  

  $87,000 - $105,000​

• 30 Years:
  

  $95,000 - $115,000​

• 35 Years:
  

  $103,000 - $124,000​

• 40 Years:
  

  $109,000 - $132,000​

• 45 Years:
  

  $114,000 - $138,000​

of 2-room Flexi (Type 2) flats in Kembangan Wave - Plus​

$70,000 - $285,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $210,000 - $285,000​

Indicative price range for short leases​

• 15 Years:
  

  $70,000 - $95,000​

• 20 Years:
  

  $84,000 - $114,000​

• 25 Years:
  

  $96,000 - $130,000​

• 30 Years:
  

  $105,000 - $143,000​

• 35 Years:
  

  $114,000 - $154,000​

• 40 Years:
  

  $120,000 - $163,000​

• 45 Years:
  

  $126,000 - $171,000​

of 4-room flats in Kembangan Wave - Plus​

$453,000 - $592,000​

Central Trio @ AMK - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Central Trio @ AMK - Plus​

$62,000 - $227,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $187,000 - $227,000​

Indicative price range for short leases​

• 15 Years:
  

  $62,000 - $76,000​

• 20 Years:
  

  $75,000 - $91,000​

• 25 Years:
  

  $85,000 - $103,000​

• 30 Years:
  

  $94,000 - $114,000​

• 35 Years:
  

  $101,000 - $122,000​

• 40 Years:
  

  $107,000 - $130,000​

• 45 Years:
  

  $112,000 - $136,000​

of 2-room Flexi (Type 2) flats in Central Trio @ AMK - Plus​

$74,000 - $288,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $221,000 - $288,000​

Indicative price range for short leases​

• 15 Years:
  

  $74,000 - $96,000​

• 20 Years:
  

  $89,000 - $116,000​

• 25 Years:
  

  $101,000 - $131,000​

• 30 Years:
  

  $111,000 - $144,000​

• 35 Years:
  

  $119,000 - $155,000​

• 40 Years:
  

  $126,000 - $165,000​

• 45 Years:
  

  $132,000 - $173,000​

of 4-room flats in Central Trio @ AMK - Plus​

$481,000 - $603,000​

Merpati Alcove - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of Community Care Apartments in Merpati Alcove - Plus​

$68,000 - $139,000​

Indicative price range for short leases​

• 15 Years:
  

  $68,000 - $86,000​

• 20 Years:
  

  $82,000 - $103,000​

• 25 Years:
  

  $93,000 - $118,000​

• 30 Years:
  

  $102,000 - $129,000​

• 35 Years:
  

  $110,000 - $139,000​

of 4-room flats in Merpati Alcove - Plus​

$530,000 - $647,000​

 

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Bayshore Palms - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Bayshore Palms - Plus​

$67,000 - $253,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $199,000 - $253,000​

Indicative price range for short leases​

• 15 Years:
  

  $67,000 - $85,000​

• 20 Years:
  

  $80,000 - $101,000​

• 25 Years:
  

  $91,000 - $115,000​

• 30 Years:
  

  $100,000 - $127,000​

• 35 Years:
  

  $107,000 - $136,000​

• 40 Years:
  

  $114,000 - $144,000​

• 45 Years:
  

  $119,000 - $151,000​

of 2-room Flexi (Type 2) flats in Bayshore Palms - Plus​

$86,000 - $326,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $258,000 - $326,000​

Indicative price range for short leases​

• 15 Years:
  

  $86,000 - $109,000​

• 20 Years:
  

  $103,000 - $131,000​

• 25 Years:
  

  $118,000 - $149,000​

• 30 Years:
  

  $129,000 - $163,000​

• 35 Years:
  

  $139,000 - $176,000​

• 40 Years:
  

  $147,000 - $186,000​

• 45 Years:
  

  $154,000 - $195,000​

of 4-room flats in Bayshore Palms - Plus​

$495,000 - $683,000​

Bayshore Vista - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Bayshore Vista - Plus​

$72,000 - $252,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $216,000 - $252,000​

Indicative price range for short leases​

• 15 Years:
  

  $72,000 - $84,000​

• 20 Years:
  

  $87,000 - $101,000​

• 25 Years:
  

  $99,000 - $115,000​

• 30 Years:
  

  $108,000 - $126,000​

• 35 Years:
  

  $117,000 - $136,000​

• 40 Years:
  

  $124,000 - $144,000​

• 45 Years:
  

  $130,000 - $151,000​

of 2-room Flexi (Type 2) flats in Bayshore Vista - Plus​

$87,000 - $340,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $259,000 - $340,000​

Indicative price range for short leases​

• 15 Years:
  

  $87,000 - $114,000​

• 20 Years:
  

  $104,000 - $136,000​

• 25 Years:
  

  $118,000 - $155,000​

• 30 Years:
  

  $130,000 - $170,000​

• 35 Years:
  

  $140,000 - $183,000​

• 40 Years:
  

  $148,000 - $195,000​

• 45 Years:
  

  $155,000 - $204,000​

of 3-room flats in Bayshore Vista - Plus​

$369,000 - $476,000​

of 4-room flats in Bayshore Vista - Plus​

$514,000 - $694,000​

 

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Kallang View - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 3-room flats in Kallang View - Plus​

$388,000 - $497,000​

of 4-room flats in Kallang View - Plus​

$539,000 - $698,000​

Towner Breeze - Plus (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Towner Breeze - Plus​

$72,000 - $280,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $216,000 - $280,000​

Indicative price range for short leases​

• 15 Years:
  

  $72,000 - $94,000​

• 20 Years:
  

  $87,000 - $112,000​

• 25 Years:
  

  $99,000 - $128,000​

• 30 Years:
  

  $108,000 - $140,000​

• 35 Years:
  

  $116,000 - $151,000​

• 40 Years:
  

  $123,000 - $160,000​

• 45 Years:
  

  $129,000 - $168,000​

of 2-room Flexi (Type 2) flats in Towner Breeze - Plus​

$84,000 - $328,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $252,000 - $328,000​

Indicative price range for short leases​

• 15 Years:
  

  $84,000 - $110,000​

• 20 Years:
  

  $101,000 - $132,000​

• 25 Years:
  

  $115,000 - $150,000​

• 30 Years:
  

  $126,000 - $164,000​

• 35 Years:
  

  $136,000 - $177,000​

• 40 Years:
  

  $144,000 - $188,000​

• 45 Years:
  

  $151,000 - $197,000​

of 4-room flats in Towner Breeze - Plus​

$522,000 - $727,000​

 

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Fernvale Oasis - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Fernvale Oasis - Standard​

$44,000 - $160,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $126,000 - $160,000​

Indicative price range for short leases​

• 15 Years:
  

  $44,000 - $55,000​

• 20 Years:
  

  $52,000 - $66,000​

• 25 Years:
  

  $59,000 - $74,000​

• 30 Years:
  

  $64,000 - $82,000​

• 35 Years:
  

  $69,000 - $88,000​

• 40 Years:
  

  $73,000 - $93,000​

• 45 Years:
  

  $76,000 - $97,000​

of 2-room Flexi (Type 2) flats in Fernvale Oasis - Standard​

$56,000 - $205,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $162,000 - $205,000​

Indicative price range for short leases​

• 15 Years:
  

  $56,000 - $71,000​

• 20 Years:
  

  $67,000 - $84,000​

• 25 Years:
  

  $75,000 - $95,000​

• 30 Years:
  

  $82,000 - $104,000​

• 35 Years:
  

  $88,000 - $112,000​

• 40 Years:
  

  $94,000 - $119,000​

• 45 Years:
  

  $98,000 - $124,000​

of 4-room flats in Fernvale Oasis - Standard​

$324,000 - $410,000​

of 5-room flats in Fernvale Oasis - Standard​

$465,000 - $571,000​

Fernvale Sails - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Fernvale Sails - Standard​

$52,000 - $186,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $149,000 - $186,000​

Indicative price range for short leases​

• 15 Years:
  

  $52,000 - $64,000​

• 20 Years:
  

  $62,000 - $77,000​

• 25 Years:
  

  $70,000 - $87,000​

• 30 Years:
  

  $76,000 - $95,000​

• 35 Years:
  

  $82,000 - $102,000​

• 40 Years:
  

  $86,000 - $108,000​

• 45 Years:
  

  $90,000 - $113,000​

of 2-room Flexi (Type 2) flats in Fernvale Sails - Standard​

$61,000 - $240,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $175,000 - $240,000​

Indicative price range for short leases​

• 15 Years:
  

  $61,000 - $83,000​

• 20 Years:
  

  $72,000 - $98,000​

• 25 Years:
  

  $82,000 - $111,000​

• 30 Years:
  

  $89,000 - $122,000​

• 35 Years:
  

  $96,000 - $131,000​

• 40 Years:
  

  $101,000 - $139,000​

• 45 Years:
  

  $106,000 - $145,000​

of 3-room flats in Fernvale Sails - Standard​

$277,000 - $370,000​

of 4-room flats in Fernvale Sails - Standard​

$358,000 - $474,000​

of 5-room flats in Fernvale Sails - Standard​

$524,000 - $640,000​

 

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Taman Jurong Skyline - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Taman Jurong Skyline - Standard​

$37,000 - $152,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $109,000 - $152,000​

Indicative price range for short leases​

• 15 Years:
  

  $37,000 - $51,000​

• 20 Years:
  

  $44,000 - $61,000​

• 25 Years:
  

  $50,000 - $69,000​

• 30 Years:
  

  $55,000 - $76,000​

• 35 Years:
  

  $59,000 - $82,000​

• 40 Years:
  

  $62,000 - $87,000​

• 45 Years:
  

  $65,000 - $91,000​

of 2-room Flexi (Type 2) flats in Taman Jurong Skyline - Standard​

$45,000 - $194,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $134,000 - $194,000​

Indicative price range for short leases​

• 15 Years:
  

  $45,000 - $65,000​

• 20 Years:
  

  $54,000 - $78,000​

• 25 Years:
  

  $61,000 - $88,000​

• 30 Years:
  

  $67,000 - $97,000​

• 35 Years:
  

  $73,000 - $104,000​

• 40 Years:
  

  $77,000 - $111,000​

• 45 Years:
  

  $81,000 - $116,000​

of 3-room flats in Taman Jurong Skyline - Standard​

$209,000 - $306,000​

of 4-room flats in Taman Jurong Skyline - Standard​

$290,000 - $434,000​

of 5-room flats in Taman Jurong Skyline - Standard​

$427,000 - $598,000​

of 3Gen flats in Taman Jurong Skyline - Standard​

$465,000 - $598,000​

West BrickVille @ Bukit Batok - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in West BrickVille @ Bukit Batok - Standard​

$49,000 - $175,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $140,000 - $175,000​

Indicative price range for short leases​

• 15 Years:
  

  $49,000 - $61,000​

• 20 Years:
  

  $58,000 - $72,000​

• 25 Years:
  

  $65,000 - $81,000​

• 30 Years:
  

  $72,000 - $89,000​

• 35 Years:
  

  $77,000 - $96,000​

• 40 Years:
  

  $81,000 - $101,000​

• 45 Years:
  

  $85,000 - $106,000​

of 2-room Flexi (Type 2) flats in West BrickVille @ Bukit Batok - Standard​

$59,000 - $217,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $170,000 - $217,000​

Indicative price range for short leases​

• 15 Years:
  

  $59,000 - $75,000​

• 20 Years:
  

  $70,000 - $89,000​

• 25 Years:
  

  $79,000 - $101,000​

• 30 Years:
  

  $87,000 - $110,000​

• 35 Years:
  

  $93,000 - $119,000​

• 40 Years:
  

  $99,000 - $126,000​

• 45 Years:
  

  $103,000 - $131,000​

of 3-room flats in West BrickVille @ Bukit Batok - Standard​

$247,000 - $329,000​

of 4-room flats in West BrickVille @ Bukit Batok - Standard​

$335,000 - $445,000​

of 5-room flats in West BrickVille @ Bukit Batok - Standard​

$496,000 - $597,000​

of 3Gen flats in West BrickVille @ Bukit Batok - Standard​

$529,000 - $606,000​

 

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Marsiling Ridge - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 4-room flats in Marsiling Ridge - Standard​

$329,000 - $457,000​

of 5-room flats in Marsiling Ridge - Standard​

$488,000 - $616,000​

Costa Riviera I & II - Standard (Oct 2024 Build-To-Order)​

Indicative price range​

of 2-room Flexi (Type 1) flats in Costa Riviera I & II - Standard​

$65,000 - $221,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $194,000 - $221,000​

Indicative price range for short leases​

• 15 Years:
  

  $65,000 - $74,000​

• 20 Years:
  

  $78,000 - $89,000​

• 25 Years:
  

  $89,000 - $101,000​

• 30 Years:
  

  $97,000 - $111,000​

• 35 Years:
  

  $105,000 - $119,000​

• 40 Years:
  

  $111,000 - $126,000​

• 45 Years:
  

  $116,000 - $132,000​

of 2-room Flexi (Type 2) flats in Costa Riviera I & II - Standard​

$80,000 - $288,000​

Indicative price range for 99-year lease​

• 99 Years:
  

  $239,000 - $288,000​

Indicative price range for short leases​

• 15 Years:
  

  $80,000 - $96,000​

• 20 Years:
  

  $96,000 - $115,000​

• 25 Years:
  

  $109,000 - $131,000​

• 30 Years:
  

  $120,000 - $144,000​

• 35 Years:
  

  $129,000 - $155,000​

• 40 Years:
  

  $137,000 - $164,000​

• 45 Years:
  

  $143,000 - $172,000​

of 3-room flats in Costa Riviera I & II - Standard​

$329,000 - $411,000​

of 4-room flats in Costa Riviera I & II - Standard​

$481,000 - $595,000​

of 5-room flats in Costa Riviera I & II - Standard​

$635,000 - $736,000​

of 3Gen flats in Costa Riviera I & II - Standard​

$644,000 - $753,000​

 

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https://www.channelnewsasia.com/sin...e-flats-6-9-subsidy-recovery-clawback-4679361

October BTO launch: Plus and Prime flats to have 6-9% subsidy recovery rates​

Subsidy recovery rates are set at 6 to 8 per cent for the seven Plus projects, and 9 per cent for the sole Prime project.

SINGAPORE: Home buyers purchasing Plus and Prime flats launched on Wednesday (Oct 16) will be subject to subsidy recovery rates ranging from 6 to 9 per cent.

This is the amount owners of these flats will have to pay back to the Housing and Development Board (HDB) when they sell their homes upon reaching the 10-year minimum occupation period.
HDB on Wednesday launched more than 8,000 new flats across 15 projects - the most in a Build-to-Order (BTO) sales exercise to date.

Seven of the projects are under the Plus category, one in Prime and seven are classified as Standard projects. This is the first time that BTO flats are grouped this way, instead of being considered as being located in mature or non-mature estates.

In general, Prime and Plus flats are those with superior locational attributes. They are priced with more subsidies than Standard flats to ensure affordability but also come with tighter restrictions on resale and rental to reduce the “lottery effect”.

The subsidy clawback – derived as a percentage of the flat’s resale or valuation price, whichever is higher – is one such restriction, and will range from 6 to 8 per cent for the newly launched Plus flats.

The clawback for the sales exercise’s sole Prime project – Crawford Heights in Kallang/Whampoa – is set at 9 per cent, in line with that of recent projects launched in June under the Prime Location Public Housing (PLH) model.

When deciding the clawback rates for the Plus flats, HDB said it considered the extra subsidies needed to maintain the affordability of these projects which have varying market values.

For example, while Kembangan Wave, Bayshore Vista and Bayshore Palms are all located in Bedok, the latter two are set in the new housing area of Bayshore, which is “more favourably located near East Coast Park and a proposed sports and recreation facility”.

“As their more favourable locations command higher market values, higher additional subsidies are required to lower their flat prices so that they are more affordable to a wider range of Singaporeans,” HDB said.
This is why a higher subsidy recovery rate of 7 per cent is set for Bayshore Vista and Bayshore Palms, compared to the 6 per cent for Kembangan Wave, it added.

In the case of Merpati Alcove in Geylang, the project is located next to Mattar MRT station and nearer to the city centre. An 8 per cent subsidy recovery rate is hence determined to be commensurate with the higher level of additional subsidies provided, HDB said.

This project also offers 265 community care apartments that integrate senior-friendly housing design with on-site care and social services. This will be the fourth such assisted living project for seniors in Singapore.

A LOOK AT THE SELLING PRICES​

HDB said all new flats on offer have been “priced with significant market discounts” and are “considerably lower than the transacted prices of comparable resale flats”.

Take for example the Prime project Crawford Heights in Kallang/Whampoa, which will have a mix of three-room and four-room flats on a site near Lavender MRT station.

Prices, excluding grants, will range from S$390,000 to S$523,000 for a three-room unit, and S$568,000 to S$759,000 for a four-room flat. By comparison, four-room resale flats nearby cost between S$890,000 and S$938,000.

Crawford Heights is also where “white flats”, or HDB flats with a new open-concept layout, will be piloted. Home buyers can indicate their preference when they are invited to book a flat.

Prices for the “white flats” will be lower – by S$6,000 for three-room and S$8,600 for four-room flats - to account for the non-provision of internal partition walls and some electrical points, HDB said.

(Table: Housing and Development Board)
Kallang/Whampoa will have two Plus projects on offer.

Kallang View, for instance, is about a 10-minute walk from both Geylang Bahru and Kallang MRT stations. Prices for three-room units range from S$388,000 to S$497,000, while four-room flats are going for S$539,000 to S$698,000. All prices exclude any grants given.

Among the Standard projects, Costa Riviera I and II in Pasir Ris are the priciest. These two projects will offer a total of 767 units on a plot near Pasir Ris MRT station.

Prices range from S$194,000 to S$288,000 for a two-room Glexi flat, S$329,000 to S$411,000 for a three-room flat and S$481,000 to S$595,000 for a four-room flat.

For the bigger flat types in this project, a five-room flat is going for S$635,000 to S$736,000, and a 3Gen flat for S$644,000 to S$753,000.

(Table: Housing and Development Board)

MORE OPTIONS FOR SINGLES, SHORTER WAITING TIMES​

Apart from the roll-out of a new housing classification system, October’s BTO sales exercise, which is the final launch of new HDB flats for 2024, also marks the first time that singles are allowed to apply for two-room Flexi flats in all locations across Singapore.

Previously, eligible singles above 35 could only apply for such flats in non-mature estates.

Nearly 2,000 two-room Flexi units are on offer across 10 projects this time, namely Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Kallang/Whampoa, Pasir Ris and Sengkang.
HDB said of the 8,573 flats up for sale in October, around 70 per cent will have a waiting time of four years or less.

These include the 2,085 flats located across three projects in Bukit Batok and Sengkang with a waiting time of less than three years. Another 767 flats at Costa Riviera I & II will have a waiting time of slightly over three years.

For the year, close to seven in 10 of the flats launched have a waiting time of four years or less.

HDB said it is committed to offering more BTO flats with waiting times of three to four years, in addition to its target of launching 2,000 to 3,000 flats with shorter waiting times each year.

Home buyers must have valid HDB flat eligibility (HFE) letters to participate in the BTO sales exercise. Applications can be made online via the HDB Flat Portal from Wednesday until Oct 23.

Flat applicants were also advised to take into consideration the lowering of the maximum loan that home buyers can take from HDB.

From Aug 20, the loan-to-value limit for HDB housing loans was tightened from 80 per cent to 75 per cent. The cooling measure was aimed at encouraging more prudent borrowing and dampening demand at the higher end of the public housing resale market.

The next BTO sales exercise is set for February 2025, when about 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands and Yishun will be launched.

“The supply will be subject to review as project details are firmed up closer to the launch date,” the housing authority said, adding that more information, including the classification of the different projects, will be revealed at the launch.

 

[Xiaomalu]

14 projects!

Government save all the BTO beside MRT, and launch them under PLUS (10 years MOP)

SMART sia

BTO right beside MRT:
-Pasir Ris
-Kembangan
-Mattar
-Bayshore
-Bukit Batok (JRL)

 

[fordsolo]

this Oct BTO exercise so many flats for launch

 

[AlanKohCD]

14 projects!

Government save all the BTO beside MRT, and launch them under PLUS (10 years MOP)

SMART sia

BTO right beside MRT:
-Pasir Ris
-Kembangan
-Mattar
-Bayshore
-Bukit Batok (JRL)

Bayshore should be prime

 

[coolhirako]

Hoot Bayshore or Amk ?

 

[DevilPlate]

Hoot Bayshore or Amk ?

totally different area....
depends where yr parents or in-laws stay lor

 

[TheAlphaLion]

My guesses:

Standard: Jurong West
Plus: Bukit Batok (maybe Standard if don't count JRL), Sengkang (maybe Standard if don't count LRT), Woodlands, Ang Mo Kio, Kallang / Whampoa
Prime: Bedok, Geylang, Pasir Ris

 

[Jurong640]

Lots of 3-Gen flats. Former Tang Dynasty site looks good, but not near Lakeside. But I like jurong lake, and it's beside superbowl. Thinking to get it

 

[Opps-gal]

My guesses:

Standard: Jurong West
Plus: Bukit Batok (maybe Standard if don't count JRL), Sengkang (maybe Standard if don't count LRT), Woodlands, Ang Mo Kio, Kallang / Whampoa
Prime: Bedok, Geylang, Pasir Ris

https://www.channelnewsasia.com/sin...3-hdb-housing-standard-plus-prime-bto-3711446

Don't think bedok and pasir ris is prime. Maybe is plus?

 

[petromax]

https://www.channelnewsasia.com/sin...3-hdb-housing-standard-plus-prime-bto-3711446

Don't think bedok and pasir ris is prime. Maybe is plus?

lol if pasir ris is PRIME then I don't know what to say liao
I feel the Kallang one might be prime, especially the one in north bridge road.. very central location, got food options, school...

 

[holasingapura]

Bayshore should be prime

Now bedok also prime!!

 

[Jurong640]

I suspect the phase 3 cross island mrt line will have a station at near Tang Dynasty/ Superbowl Jurong (Jurong West Oct 2024 BTO) site. Cos it's quite far from Lakeside. The other last station on phase 2 is Jurong Lake District, next will be westwards towards Gul Circle

 

[DarkStarer]

Holy sheet this offering is insane!
So many near mrt/lrt!!!!