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.