HDB launched 6,992 flats for sale in May

A 4-room flat can be bought for $196,000, inclusive of housing grants.

HDB launched 6,992 flats for sale under the May 2018 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,970 BTO units and 3,022 SBF units across various towns/estates.

According to an announcement, the 3,970 BTO flats on offer are spread across four projects. Two of the projects are in the non-mature towns of Sengkang (Ferndale View) and Yishun (Casa Spring), whilst another two are in the mature towns of Toa Payoh (Kim Keat Beacon) and Tampines (Tampines GreenVines).

Eligible first-timer families can avail of up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000).

With these grants, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,0001, $112,000, $196,000 and $330,000 respectively.

"New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions. HDB’s prices are considerably lower than transacted prices of comparable resale flats in the vicinity," the agency said.