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Subscribe to this list via RSS Blog posts tagged in bto

Bidadari home will soon have 2,150 new flats, comprising of two-to five-room units propelled available to be purchased under HDB's Build-to-Order (BTO) exercise.

This dispatch will be the first of HDB flats in the Bidadari home, and purchasers with folks living in Toa Payoh, Potong Pasir, or inside of a 2km sweep will have need.

The home is relied upon to house around 10,000 private units in the end, and in addition group shopping centers, a lake and a ten-hectare park. The domain is arranged in close closeness to two North East Line MRT stations, Woodleigh and Potong Pasir.

Property watchers expect costs of Bidadari units to be at a higher value point taking into account its city-fringe area.

Mr Eugene Lim, ERA Realty's Key Executive Officer said to Channel NewsAsia that he expects costs for flats in the Bidadari bequest to extend from S$300,000 to S$350,000 for three-room flats, S$400,000 to S$450,000 for four-room flats and S$600,000 for five-room flats.

This BTO activity is the first since the pay top was raised to S$12,000, which Mr Ku Swee Yong, CEO of Century 21, accepts will draw more purchasers.

Taken from iProperty

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National Development Minister Khaw Boon Wan has clarified that the new housing policies announced on Sunday targeting home buyers from different income groups has little to do with the upcoming general election, reported The Business Times.

“If you have been watching what we have been doing since I entered MND (Ministry of National Development) more than four years ago, we have been making adjustments practically every year.

My objectives are quite clear – that home ownership is a very important part of the governance of Singapore,” said Mr Khaw who spoke to reporters at the HDB Hub on Monday.

He noted that he focuses on certain groups of people in turn. The latest policies benefit middle to higher-income groups, home renters and singles, after the Build-To-Order (BTO) backlog for first-time newlyweds was resolved.

“That is how I approach the problem. Has it got to do with GE? I do not care less when the GE is, but problems need to be resolved and when I am ready, I come up with a scheme and discuss it with Singaporeans.

And once I am convinced that those are practical schemes, I will launch it as soon as we can do so,” he shared.

When asked if the higher income ceiling could result in more competition for BTO flats, Mr Khaw stated that he expects the market to adjust by itself.

Nonetheless, he acknowledged that there will be movements in the market. “Some EC buyers may move into BTO applications; some BTO applications may go up to ECs and so on.

At the borders of ECs and condos, there will also be movements. The key point is we have leverage over the supply and we can adjust the supply, expanding and reducing as necessary.”

On whether private homeowners who previously exceeded the income cap will now look towards the public housing market, Mr Khaw said this is a matter of personal choice which the government leaves to the hands of Singaporeans.

“We make options available, so they are then free to choose.”

Taken ProperyGuru

Tagged in: bto resale
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Bidadari estate will soon have 2,150 new flats, consisting of two- to five-room units launched for sale under HDB’s Build-to-Order (BTO) exercise.

This launch will be the first of HDB flats in the Bidadari estate, and buyers with parents living in Toa Payoh, Potong Pasir, or within a 2km radius will have priority.

The estate is expected to house approximately 10,000 residential units eventually, as well as community malls, a lake and a ten-hectare park. The estate is situated in close proximity to two North East Line MRT stations, Woodleigh and Potong Pasir.

Property watchers expect prices of Bidadari units to be at a higher price point based on its city-fringe location.

Mr Eugene Lim, ERA Realty’s Key Executive Officer said to Channel NewsAsia that he expects prices for flats in the Bidadari estate to range from S$300,000 to S$350,000 for three-room flats, S$400,000 to S$450,000 for four-room flats and S$600,000 for five-room flats.

This BTO exercise is the first since the income cap was raised to S$12,000, which Mr Ku Swee Yong, CEO of Century 21, believes will draw more buyers.

Taken from iProperty

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The Housing and Development Board (HDB) has announced a new 2-room Flexi scheme—a hybrid of the existing Studio Apartment (SA) and 2-room schemes—to offer homebuyers greater lease-term options.

These schemes will be available from next month and applicable to the Punggol and Bidadari Build-to-Order (BTO) exercise.

Over 70 BTO projects, to be completed in the next five years, will incorporate 2-room Flexi flats, with 40 per cent set aside for the elderly. Current SA homeowners are given flexibility in the extension of leases, by five, ten, or 15 years, compared to only ten years previously.

Those who opted for the Lease Buyback Scheme (LBS) prior to April can extend their lease by another five years at current market value, beginning April 2016.

SA homebuyers awaiting their flats will bear no cost of the forfeiture fee if they decide to switch to a short-lease Flexi flat. However, this must be done before 19 August 2016.

Second-timers above 55 years old who are buying a new two- or three-room flat will see a waiver of interest accrued on their resale levy if their first subsidised flat was sold before March 2006. This option will be made available in September 2015’s BTO exercise.

The short-lease option will also be extended to them whether they have enjoyed housing subsidies before, or own a private residential property.

Singles earning more than $5,000, divorcees, households who have enjoyed two housing subsidies and private property owners will have to pay a prorated amount. They will however, be unable to put properties on short-lease terms on the resale market.

Taken from iProperty

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The Housing and Development Board (HDB) has announced a new 2-room Flexi scheme—a hybrid of the existing Studio Apartment (SA) and 2-room schemes—to offer homebuyers greater lease-term options.

These schemes will be available from next month and applicable to the Punggol and Bidadari Build-to-Order (BTO) exercise.

Over 70 BTO projects, to be completed in the next five years, will incorporate 2-room Flexi flats, with 40 per cent set aside for the elderly. Current SA homeowners are given flexibility in the extension of leases, by five, ten, or 15 years, compared to only ten years previously.

Those who opted for the Lease Buyback Scheme (LBS) prior to April can extend their lease by another five years at current market value, beginning April 2016.

SA homebuyers awaiting their flats will bear no cost of the forfeiture fee if they decide to switch to a short-lease Flexi flat. However, this must be done before 19 August 2016.

Second-timers above 55 years old who are buying a new two- or three-room flat will see a waiver of interest accrued on their resale levy if their first subsidised flat was sold before March 2006. This option will be made available in September 2015’s BTO exercise.

The short-lease option will also be extended to them whether they have enjoyed housing subsidies before, or own a private residential property.

Singles earning more than $5,000, divorcees, households who have enjoyed two housing subsidies and private property owners will have to pay a prorated amount. They will however, be unable to put properties on short-lease terms on the resale market.

Taken from iProperty

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