Tuesday, April 20, 2010

HDB launches over 1,400 new BTO flats

THE Housing and Development Board (HDB) yesterday launched two new build-to-order (BTO) projects in Punggol, offering a total of 1,429 flats.

Both projects will be near the Punggol MRT Station, bus interchange and the future Punggol town centre.

Punggol Emerald, at the junction of Punggol Way and Punggol Central, will have 856 standard flats. These consist of 188 studio apartments, 96 three-roomers, 350 four-roomers and 222 five-roomers.

A five-room flat in this estate will sell for $333,000 to $403,000. According to HDB, the price of a comparable five-room resale flat in the vicinity is $412,000 to $471,000.

The other project, Punggol Waves, will be at Punggol Walk. It will offer 573 flats comprising 105 three- roomers, 259 four-roomers and 209 five-roomers.

A five-room flat here will cost $330,000 to $385,000, slightly less than one at Punggol Emerald. HDB notes that a comparable five-room resale flat in the vicinity would go for $415,000 to $471,000.

Both Punggol Emerald and Punggol Waves will have eco-friendly features, allowing them to qualify for Green Mark certification. This is part of HDB’s plans to develop Punggol as an eco-town.

These features will boost energy efficiency and indoor environment quality. The estates will also be built using precast construction methods to reduce wastage.

Applications for flats at Punggol Emerald and Punggol Waves will close on May 3.

Including units from the latest two projects in Punggol, HDB would have offered 5,082 new BTO flats in the first four months of this year. Home seekers can look forward to another 1,100 BTO flats in Yishun and Jurong West next month.

From May to September, HDB will launch 7,400 BTO flats, bringing the total number of flats introduced in the first three quarters of the year to about 12,000.

More flats are in the pipeline through the Design, Build and Sell scheme – a site in Yishun which can yield around 700 units is currently up for tender.

Source: Business Times, 20 Apr 2010

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