3,953 new flats for sale in February 2022 BTO exercise
These flats are spread out across four estates - Kallang Whampoa, Geylang, Yishun and Tengah.
The Housing Development Board (HDB) has launched 3,953 flats for February 2022’s Built-To-Order (BTO) exercise.
There are six projects in total, spanning four estates. These estates are Tengah, Kallang Whampoa, Geylang and Yishun.
There are two projects in Tengah, Parc Flora @ Tengah and Plantation Creek.
Parc Flora @ Tengah is offering 101 two-room flexi and 85 three-room flats during this exercise, ranging from $132,000 to $231,000 without grants.
The project is bounded by Tengah Drive and Tengah Garden Walk, and takes its name from the greenery surrounding the blocks. There are four blocks in this development, each 12 to 14 storeys tall.
For larger families, Plantation Creek has 377 four-room and 336 five-room flats ranging from $309,000 to $420,000. Resale flats in the area sell for up to $610,000, depending on the type of flat.
This development will have a supermarket, shops, a childcare centre, residential network (RN) centre and a food court. There are six blocks, ranging from 15 to 16 storeys.
Yishun has two projects, Grove Spring @ Yishun and Yishun Boardwalk.
Grove Spring @ Yishun comprises eight 15-storey blocks, and is bounded by Yishun Avenue 6 and Avenue 8, and is estimated to be completed in less than 36 months, with a childcare centre and RN centre within the estate.
This project offers 196 two-room flexi and 82 three-room flats, from $95,000 to $180,000 without grants.
For Yishun Boardwalk, prices range from $270,000 to $385,000 for 313 four-room and 277 five-room flats without grants.
This project is also bounded by Yishun Avenue 6 and Avenue 8, with a completion date of less than 36 months. It will have eight residential blocks from 10 to 15 storeys tall, and an RN centre.
The costs of all flats up for sale in Tengah and Yishun include floor finishes, sanitary fittings and doors within the houses.
Geylang has one project, Dakota Crest, that offers 121 two-room flexi, 80 three-room and 242 four-room flats from $205,000 to $522,000 without grants.
Dakota Crest is located along the Geylang Park Connector and Geylang River, comprising three residential blocks ranging from 17 to 22 storeys. This estate will have a childcare centre and RN centre.
Comparable four-room flats up for resale in the area sell for $622,000 to $815,000.
Lastly, there is one project in the Kallang Whampoa estate: King George’s Heights. These flats are under the Prime Location Housing (PLH) model, which aims to keep flats built in central locations affordable for Singaporeans.
The 104 three-room and 294 four-room flats available range from $353,000 to $488,000, with comparable resale flats in this estate being priced at up to $770,000.
King George’s Heights is being built near Lavender MRT station, and has 104 three-room flats and 294 4-room flats up for sale during this exercise. It is near Jalan Besar Community Club, City Square Mall and Mustafa Centre.
Up to 20 per cent of the PLH flats at this development will be set aside for first-timer families, and up to two per cent will be set aside for second-timer families. This is part of the Married Child Priority Scheme.
The PLH model was announced on Oct 27 of 2021, and was first executed during the November 2021 BTO exercise.
For the mature estates, Geylang and Kallang Whampoa, a minimum of 95 per cent of the public flat supply will be set aside for first-timer families.
For the non-mature estates of Yishun and Tengah, at least 70 per cent of three-room flats and 85 per cent of four and five-room flats will be set aside for second-timer families.
Eligible applicants must pay a $10 application fee to apply for flats online, via HDB’s InfoWeb from Feb 17 to Feb 23. Applicants can only apply for one flat type in one town under this exercise.
Applicants will be shortlisted using a digital ballot, not on a first-come-first-served basis. As such, there is no rush to apply during the first few hours of the application window being open.