2 Punggol BTO projects
THE Housing Board has launched two new Build-To-Order (BTO) projects in Punggol Town - Punggol Sails and Punggol Ripples, which will offer a total of 1,078 standard flats.
The supply comprises 130 units of studio Apartments, 436 units of three-room, 403 four-room units and 109 five-room flats. Applications for the new flats can be submitted online from Nov 16 to 30.
With effect from this BTO exercise, 95 per cent of the supply of two to five -room flats will be set aside for first timers. This will give greater priority to first timers, who generally have more urgent housing needs than second timers, said HDB in a statement on Monday.
To ensure that public housing is affordable for first-time homebuyers, HDB said the flats are priced below their equivalent market prices, taking into account the prices of resale flats in the area, adjusted for factors such as location, flat attributes, project design and prevailing market conditions, as determined by professional valuers.
The selling prices for the flats range from $65,000 to $92,000 for a studio apartment; $158,000 to $185,000 for a three-room flat; $249,000 to $305,000 for a four-room flat; and $332,000 to $377,000 for a five-room unit.
Conveniently located along Punggol Field, both projects will be well served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre. There are also primary and secondary schools in the area. The Tampines Expressway is a short drive away, offering good connectivity to the rest of Singapore.
Including this exercise, HDB has offered about 10,800 flats under BTO and other sales exercises this year. Flat buyers can look forward to four more BTO projects in Bukit Panjang, Sembawang and Dawson with 2,700 flats in December.
Punggol Ripples. -- PHOTO: HDB
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