992 HDB Flats Go On Sale

Source : AsiaOne, Fri, Sep 26, 2008

HDB is launching the sale of 992 flats under the Balloting Exercise today.

They include surplus flats available from the Selective En bloc Redevelopment Scheme (SERS) in Ang Mo Kio, Kallang/Whampoa, Queenstown and Jurong West and balance flats in The Pinnacle@Duxton (TP@D).

The flat supply comprises 128 Studio Apartments in Ang Mo Kio, 91 units of 3-room flats, 203 units of 4-room flats and 142 units of 5-room flats in Kallang/Whampoa, Queenstown and Jurong West.

428 units from Singapore's first iconic 50-storey public housing project, TP@D, will also be offered under this exercise. TP@D boasts an internationally award-winning design, with sky bridges linking its seven tower blocks and sky gardens at the 26th and 50th storeys and plug-ins like planters, balconies, bay windows and extended bays. The flat prices range from $457,000 to $555,000 for S1 flats and $545,000 to $646,000 for S2 flats.

"This is in line with the project's prevailing market value, reflecting its prime location in the city, its accessibility, and design attributes," according to a press statement from the HDB.

For those with a smaller budget, HDB suggests looking for more affordable options at other locations, such as Jurong West, where prices of 3-room and 4-room flats range from $142,000 to $160,000 and $213,000 to $253,000 respectively.

Buyers who do not find a flat of their choice in this balloting exercise can consider applying for a new flat under the Build-to-Order (BTO) exercises in future. The BTO is the mainstay of HDB's new flat supply.

Alternatively, they can also consider buying a resale flat where there is a range of choices in terms of budget and location.

Eligible first time flat buyers can enjoy CPF Housing Grant of up to $40,000 to buy a resale flat.

Applications for the new flats can be submitted online from Sep 26 to Oct 9.

For enquiries, the public can:

# Email hdbsales@hdb.gov.sg;
# Call the Sales/Resale Customer Service Line at 1800-866 3066 on weekdays from 8 am to 5 pm; or
# Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri: 8 am to 5 pm, Saturday: 8 am to 1 pm).