HDB offers 6,938 BTO flats in June with shorter waiting times

Applications for the sales launch are open until 26 June.

The Housing and Development Board (HDB) offered eight projects comprising 6,938 flats in its June 2024 Build-to-Order (BTO) exercise.

The June exercise is the second of three BTO launches set for the year.

The projects included in the June BTO exercise are in Jurong East, Kallang/Whampoa, Queenstown, Tampines, Woodlands, and Yishun.

Buyers can select from 2-room to 3Gen flats.

HDB priced the flats with "significant market discounts to ensure affordability."

About half of the flats in the June BTO launch also have waiting times of four years or less.

Units in Marsiling Peak I (791) and Tampines GreenTopaz (561) have shorter waiting times of less than three years.

The June sales launch also offers developments under the Prime Location Public Housing (PLH) model, namely, Tanjong Rhu Riverfront I and II and Holland Vista.

Prices for flats in PLH developments will have additional subsidies on top of the substantial market discounts applied across all BTO flats.

PLH buyers will need 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). 

In the June BTO exercise, young couples who are eligible to defer their income assessment for the Enhanced CPF Housing Grant (EHG) and HDB housing loan will only need to pay an initial downpayment of 2.5% of the flat price when they sign the agreement for lease (AFL).

"The remaining downpayment amount is payable upon key collection, which is also when they can take up a housing loan and potentially receive the EHG if they are eligible," HDB said.

Those who wish to apply for a flat under the June BTO exercise must have a valid HDB Flat Eligibility (HFE) letter.

HDB will accept applications for the sales launch until 26 June.

"Applicants can apply for only one flat type/category in one town under the BTO exercise," HDB said.

HDB will shortlist applicants through ballot and not on a first-come-first-served basis.