HDB Launches Sixth Build-To-Order Project In Fernvale

Source : The Straits Times, Sep 21, 2007

The 698 4-room flats will have full floor finishes, sanitary fittings

TO MEET the increasing demand for homes, the Housing Board (HDB) yesterday launched 698 flats for sale in Sengkang.
HDB's latest build-to-order (BTO) project, Coral Spring, offers premium four-room units of 95 sq m to 96sq m, priced between $188,000 and $252,000.

These premium flats will be provided with full floor finishes and sanitary fittings.

Home buyers can choose other components to be installed under HDB's Optional Component Scheme.

The project, which will consist of five 25-storey buildings, is located at the junction of Sengkang West Avenue and Fernvale Road.

The flats are within walking distance of Fernvale LRT station and Fernvale Point, which houses a wet market, supermarket and foodcourt.

It is also near schools such as Fernvale Primary School and Pei Hwa Secondary School.

Prices are higher than the last BTO project, launched in May, Fernvale Vista Phase 2, where four-room flats were priced between $145,000 and $200,000.

Four-room flats at Fernvale Court, launched two years ago, were priced from $138,000 to $177,000.

Coral Spring is the sixth BTO project in Fernvale.

With the exception of Coral Green, which was launched in 2004 and later dropped because of weak demand, the other projects have been well-received, said HDB.

Three - Fernvale Grove, Fernvale Court and Fernvale Vista Phase 1 - are now at construction stage. HDB is selecting applicants for Fernvale Vista Phase 2.

An HDB spokesman told The Straits Times yesterday it is confident there will be good demand for Coral Spring.

If the response is good, applicants will be called to select their flats.

HDB will assess the take-up rate before deciding whether to call for a building tender under the build-to-order scheme.

Applications for the new homes close on Oct 9.

If Coral Spring is given the green light, it is expected to be completed by the end of 2011.

An exhibition of the project will be held at the HDB Hub's Habitat Forum during the application period.