(Source: www.channelnewsasia.com)

SINGAPORE: A total of 8,748 flats were launched on Thursday (May 18) under the May 2017 Build-To-Order (BTO) and Sale of Balance Flats exercise, the Housing and Development Board (HDB) said.

There will be six new BTO projects – two in Woodlands, one in Yishun, two in Bidadari and one in Geylang – with 4,802 flats. The flats are priced from S$73,000 for a two-room Flexi flat in Woodlands to S$622,000 for a 3Gen flat in Bidadari.

A total of 3,946 balance flats in 11 non-mature towns and 14 mature towns and estates are also on offer. These flats are priced from S$73,000 for a two-room Flexi unit to S$405,000 for an executive flat.

Starting from this sales exercise, HDB will implement the Deferred Downpayment Scheme, where elderly flat owners aged 55 years and above who “right size” to a two-room Flexi or three-room uncompleted flat may defer the downpayment on their new flat until they collect their keys.

The scheme will be extended automatically to eligible flat buyers and will help ease the cash flow for elderly flat owners whose funds are tied up in their existing flat, HDB said.

Applications for new flats can be submitted online at HDB’s InfoWEB from now until next Wednesday.

Another 3,850 flats in Bukit Batok and Sengkang will be launched in August, HDB said.

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