The eligibility criteria for applicants for the new 3898 BTO flats is a thinly disguised move aimed at helping new citizens to buy flats. I have highlighted in red the dead giveaways of the latest pro-FT move. If the government is sincere it should have made completion of NS a must for the applicants!
http://www.todayonline.com/singapore/4-bto-projects-offering-3898-new-flats-launched
SINGAPORE — Nearly 3,900 flats are available in the four new Build-To-Order (BTO) projects launched yesterday, located in three non-mature towns — Bukit Batok, Punggol and Sengkang.
The flats are among the 25,000 units to be launched by the Housing and Development Board (HDB) this year. Types of flats launched include studio apartments, starting S$88,000 at Compassvale, to five-room flats, which start at S$363,000 in Punggol and S$411,000 in Bukit Batok.
In the latest launch, first-time buyers will continue to get priority in flat allocation, with at least 85 per cent of the BTO flat supply set aside for them.
Of that 85 per cent, 30 per cent will be set aside for HDB first-time buyers who are married couples with a citizen child below 16 under the Parenthood Priority Scheme launched this year.
In addition, the Multi-Generation Priority Scheme is available to those applying for flats at Compassvale Cape, Compassvale Helm and SkyPeak @ Bukit Batok.
Elderly flat owners who are living in Sengkang Town will also enjoy doubled balloting chances under the Ageing-In-Place Priority Scheme if they apply for a studio apartment in Compassvale Cape or Compassvale Helm.
Eligible first-timer households can enjoy up to S$60,000 of housing grants. These comprise the Additional CPF Housing Grant of S$40,000 and Special CPF Housing Grant of S$20,000.
The HDB said that with these grants, a two-room flat will be priced from S$57,000, while the price of a three-room flat will start at S$159,000, and that of a four-room flat will start at S$269,000, enabling young couples to buy their first homes.
http://www.todayonline.com/singapore/4-bto-projects-offering-3898-new-flats-launched
SINGAPORE — Nearly 3,900 flats are available in the four new Build-To-Order (BTO) projects launched yesterday, located in three non-mature towns — Bukit Batok, Punggol and Sengkang.
The flats are among the 25,000 units to be launched by the Housing and Development Board (HDB) this year. Types of flats launched include studio apartments, starting S$88,000 at Compassvale, to five-room flats, which start at S$363,000 in Punggol and S$411,000 in Bukit Batok.
In the latest launch, first-time buyers will continue to get priority in flat allocation, with at least 85 per cent of the BTO flat supply set aside for them.
Of that 85 per cent, 30 per cent will be set aside for HDB first-time buyers who are married couples with a citizen child below 16 under the Parenthood Priority Scheme launched this year.
In addition, the Multi-Generation Priority Scheme is available to those applying for flats at Compassvale Cape, Compassvale Helm and SkyPeak @ Bukit Batok.
Elderly flat owners who are living in Sengkang Town will also enjoy doubled balloting chances under the Ageing-In-Place Priority Scheme if they apply for a studio apartment in Compassvale Cape or Compassvale Helm.
Eligible first-timer households can enjoy up to S$60,000 of housing grants. These comprise the Additional CPF Housing Grant of S$40,000 and Special CPF Housing Grant of S$20,000.
The HDB said that with these grants, a two-room flat will be priced from S$57,000, while the price of a three-room flat will start at S$159,000, and that of a four-room flat will start at S$269,000, enabling young couples to buy their first homes.
