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HDB launches 3,995 new flats in first BTO exercise this year
SINGAPORE - The Housing Development Board (HDB) on Wednesday launched 3,995 new flats for sale under the February 2015 Build-To-Order (BTO) exercise.
These flats are spread across five projects located in the non-mature towns of Bukit Batok and Hougang, and the mature town of Geylang.
This is the first batch of the 16,900 BTO flats that HDB has planned for 2015, HDB said in a release on Wednesday.
To better help flat buyers plan their finances and flat purchase, from this sales exercise onwards, flat applicants who intend to take out an HDB housing loan will also need to produce a valid HDB Loan Eligibility (HLE) letter at the point of booking a flat, HDB said.
Previously, they only needed to produce the HLE letter when they sign the Agreement for Lease, which is four months after booking a flat.
The latest batch of BTO flats comprise Studio Apartments (SAs), 2-room to 5-room flats, as well as Three-Generation(3Gen) flats, to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles.
SINGAPORE - The Housing Development Board (HDB) on Wednesday launched 3,995 new flats for sale under the February 2015 Build-To-Order (BTO) exercise.
These flats are spread across five projects located in the non-mature towns of Bukit Batok and Hougang, and the mature town of Geylang.
This is the first batch of the 16,900 BTO flats that HDB has planned for 2015, HDB said in a release on Wednesday.
To better help flat buyers plan their finances and flat purchase, from this sales exercise onwards, flat applicants who intend to take out an HDB housing loan will also need to produce a valid HDB Loan Eligibility (HLE) letter at the point of booking a flat, HDB said.
Previously, they only needed to produce the HLE letter when they sign the Agreement for Lease, which is four months after booking a flat.
The latest batch of BTO flats comprise Studio Apartments (SAs), 2-room to 5-room flats, as well as Three-Generation(3Gen) flats, to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles.