HDB increases flat supply for first-time buyers
After another long wait. I have finally waited the Sales of Balance Flat coming in September 2011.
Link: http://business.asiaone.com/Business/News/Story/A1Story20110815-294540.html
Details as follow:
HDB will launch 5,500 Build-To-Order (BTO) flats in September and 4,000 BTO flats in November.
These two launches will bring HDB's total BTO supply this year to 25,000 flats.
The flats will be in different towns, such as Punggol, Sengkang, Hougang, Yishun, and Jurong East.
HDB will complement the September BTO launch with the launch of at least 2,500 flats under a Sale of Balance Flats Exercise. Taken together, HDB will launch a record 8,000 units in September 2011, comprising 5,500 BTO flats and at least 2,500 balance flats.
For 2012, HDB will launch another 25,000 BTO flats. HDB also plans to build flats in mature estates, such as Kallang/Whampoa and Tampines.
Raising income ceilings
To provide additional affordable housing options for more citizen households, HDB will raise the monthly income ceiling from $8,000 to $10,000 for the following: a. Purchase of new flats from HDB; b. Purchase of resale flats with CPF Housing Grant; c. An HDB loan for the purchase of a new or resale flat.
The monthly income ceiling to purchase new Executive Condominiums (ECs) will also be increased from $10,000 to $12,000. This gives more families the added option of buying an EC, besides resale flats and private property. It also facilitates upgrading for existing HDB flat owners.
Link: http://business.asiaone.com/Business/News/Story/A1Story20110815-294540.html
Details as follow:
HDB will launch 5,500 Build-To-Order (BTO) flats in September and 4,000 BTO flats in November.
These two launches will bring HDB's total BTO supply this year to 25,000 flats.
The flats will be in different towns, such as Punggol, Sengkang, Hougang, Yishun, and Jurong East.
HDB will complement the September BTO launch with the launch of at least 2,500 flats under a Sale of Balance Flats Exercise. Taken together, HDB will launch a record 8,000 units in September 2011, comprising 5,500 BTO flats and at least 2,500 balance flats.
For 2012, HDB will launch another 25,000 BTO flats. HDB also plans to build flats in mature estates, such as Kallang/Whampoa and Tampines.
Raising income ceilings
To provide additional affordable housing options for more citizen households, HDB will raise the monthly income ceiling from $8,000 to $10,000 for the following: a. Purchase of new flats from HDB; b. Purchase of resale flats with CPF Housing Grant; c. An HDB loan for the purchase of a new or resale flat.
The monthly income ceiling to purchase new Executive Condominiums (ECs) will also be increased from $10,000 to $12,000. This gives more families the added option of buying an EC, besides resale flats and private property. It also facilitates upgrading for existing HDB flat owners.
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