HDB launches 6,800 flats in October BTO exercise
Seventy-five per cent of the flats have a waiting time of four years or below.
The Housing and Development Board (HDB) launched 6,800 flats for sale under the October Build-To-Order (BTO) exercise.
The eight BTO projects are located in Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah. Six out of eight projects, or about 75% of the flats, have a waiting time of four years or below.
HDB will offer the other two projects located in Verandah @ Kallang and Tanglin Halt Cascadia under the Prime Location Housing (PLH) model, which requires its owners 6% return upon resale.
HDB will reserve 20% of the PLH flats for first-timer families and 2% for second-timer families under the Married Child Priority Scheme.
Flat prices range from $106,000 to $530,000 in non-mature estates. For mature estates, prices range from $176,000 to $480,000. Prices vary on the number of rooms per unit.
Interested applicants must have a valid HDB Flat Eligibility (HFE) letter. Applications can be made online via HDB Flat Portal from 4 October to 10 October.
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