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Thursday, 27 September, 2012

September 2012 BTO

HDB Increased New Flat Supply For 2012 TO 27,000

Today, HDB launched 7,055 flats for sale under the joint Build-to-Order (BTO) and Sale of Balance Flats (SBF) Exercises in both non-mature and mature towns.

To provide greater flexibility to home buyers and to minimize wastage in renovations, HDB will introduce a new opt-in scheme for the sanitary fittings in bathrooms. HDB will also pilot an “open kitchen” concept for flats at Teck Ghee Parkview. Buyers will be given a choice to opt for a partition wall between the living/dining area and the kitchen to better suit their lifestyle needs.

In the seven BTO projects launched today, HDB will offer 3,727 new flats in two non-mature towns/estates (Choa Chu Kang and Woodlands) and three mature towns/estates (Ang Mo Kio, Kallang Whampoa and Tampines).

:Sep 2012 BTO Prices:
Project
Flat Type
Selling Price (excluding Grants)
Selling Price
(inclusive of Grants)
Non-Mature Towns/Estates
Keat Hong Quad
4-room
From $234,000
From $219,000
5-room
From $313,000
From $303,000
Golden Saffron
Studio Apartment
From $75,000
-
TreeTrail@Woodlands
4-room
From $248,000
From $233,000
5-room
From $308,000
From $298,000
Mature Towns/Estates
Cheng San Court
Studio Apartment
From $112,000
-
Cheng San Court / Teck Ghee Parkview
3-room
From $249,000
From $219,000
4-room
From $398,000
From $383,000
Teck Ghee Parkview
5-room
From $498,000
From $488,000
Tampines GreenLace
4-room
From $305,000
From $290,000
5-room
From $384,000
From $374,000
Tenteram Peak
3-room
From $245,000
From $215,000
4-room
From $370,000
From $355,000
Note:
§ Cheng San Court offers SA/3-/4-room flats whereas Teck Ghee Parkview offers 3-/4-/5-room flats.
§ For 3-room flats, assumed Additional CPF Housing Grant (AHG) of $30,000
§ For 4-room flats, assumed AHG of $15,000.
§ For 5-room flats, assumed AHG of $10,000.
§ Actual Grant amounts will vary based on income and choice of flat. Read more on various CPF Housing Grants Available
§ Studio Apartments are sold on 30-year lease. Prices are inclusive of the elderly-friendly fittings/finishes.
§ 3-/4-/5-room flats are sold on 99-year lease.

In addition to the BTO Launch, HDB will offer another 3,328 balance flats in 11 non-mature and 13 mature towns/estates under the SBF Exercise. They comprise 818 Studio Apartments, 697 2-room flats, 302 3-room flats, 1,016 4-room flats, 471 5-room flats and 24 Executive flats. At least 95% of the flat supply (excluding Studio Apartments) will be set aside for first-timers.

: Summary of Sep 2012 SBF Prices :
Flat Type
Selling Price (excluding Grants)
Selling Price
(inclusive of Grants)
Non-Mature Towns/Estates
Studio Apartment
From $75,000
-
2-Room
From $83,000
From $23,000
3-Room
From $151,000
From $116,000
4-Room
From $223,000
From $208,000
5-Room
From $293,000
From $283,000
Executive Flat
From $423,000
-
Mature Towns/Estates
Studio Apartment
From $88,000
-
2-Room
From $128,000
From $88,000
3-Room
From $174,000
From $144,000
4-Room
From $281,000
From $266,000
5-Room
From $378,000
From $368,000
Executive Flat
From $466,000
-
Note: § For 2-room flats, assumed Additional CPF Housing Grant (AHG) of $40,000 and Special CPF Housing Grant (SHG) of $20,000
§ For 3-room flats assumed AHG of $30,000 and SHG of $5,000
§ For 4-room flats, assumed AHG of $15,000
§ For 5-room flats, assumed AHG of $10,000
§ SHG applicable only to 2-Room and 3-Room Standard flats in the non-mature estates.
§ Actual Grant amounts will vary based on income and choice of flat. Read more on various CPF Housing Grants available.
§ Studio Apartments are sold on 30-year lease. Prices are inclusive of the elderly-friendly fittings/finishes. Existing elderly owners’ ballot chances will be doubled if they apply for an SA in the same town as their current flat under the Ageing-in-Place Priority Scheme (APPS).
§ Please refer to esales.hdb.gov.sg to check the lease commencement date of each block.



NEXT BTO LAUNCH IN NOV 2012

In Nov 2012, HDB will offer 6,400 BTO flats in Queenstown, Bedok, Toa Payoh, Seng Kang and Choa Chu Kang.

 Source: HDB


Tuesday, 18 September, 2012

Shunfu HUDC sells for $1.28m




An HUDC maisonette in Bishan has been sold for a record $1.28 million, the Straits Times (ST) reported today.

This beats the $1.22 million record set last year by a 1,668 sq ft HUDC flat in the same area.
According to the Singapore Real Estate Exchange (SRX), which gathers and crunches data on property sales, the 1,680 sq ft Shunfu Road flat was sold for about $762 per sq ft in July this year.
At an average area of 1,650 sq ft, HUDC flats are typically bigger and more spacious than five-room HDB flats, which are 1,200 sq ft on average.

Accounting for 85 per cent of resale transactions in Singapore, SRX records show that most million-dollar HUDC flat sales from estates which are not yet privatised were from Shunfu Ville.

A property agent told ST that the HUDC flats there can fetch cash premiums of up to $100,000 above the flat's valuation.

HUDC flats can be attractive because of their larger size and more convenient locations. There is also a high chance that they can be privatised and sold to private developers in en-bloc sales.
A 618-unit estate in Farrer Court set a collective sale record of $1.36 billion in 2007. Each unit was given $2.1 million for that sale.

Out of the 18 HUDC estates in Singapore, 12 have been privatised.

They include Farrer Court, Amberville, Pine Grove, Lakeview, Waterfront View Estate, Chancery Court, Minton Rise, Laguna Park, Gillman Heights, Ivory Heights, Tampines Court, and Eunosville.
HUDC units have become quite limited since their construction stopped in 1987, when property prices declined.

The original HUDC units built in the 1970s were meant for middle-income families. All 18 projects had 99-year leases attached to them.

Privatisation began in 1995 to allow owners to gain control over their own homes.

At least 75 per cent of unit owners need to give their approval for privatisation to take place.

Once this occurs, leases are converted into strata titles and HDB restrictions on ownership will be removed.

The whole process takes about 2 and a half years to complete.

Of the 6 HUDC projects not yet privatised, five have managed to meet the 75 per cent approval requirement for privatisation.


These belong in the areas of Bishan, Hougang North N3, Hougang North N7, Serangoon North and Potong Pasir.

The remaining HUDC project is in Braddell View.

Though bought and sold like private property, HUDC flats come with HDB restrictions such as eligibility criteria.

A spokesperson from the Housing Board told ST that such high resale prices are exceptional and not the norm.

Source from AsiaOne.

September 2012 BTO

September 2012 BTO should be launching soon ! which is are you eyeing on ?

I believe the popular bto will be Ang mo kio! cause its walking distance to MRT, who doesn't like it right!

BUILD-TO-ORDER (BTO)
Month of Launch
Town
Design Type
Flat Mix
Estimated No. of New Flats
Sep 2012
(BTO)
Standard
3R, 4R, 5R
570
Standard
Studio Apartment, 3R, 4R
710
Standard
4R, 5R
520
Standard
3R, 4R
750
Standard
4R, 5R
380
Standard
Studio Apartment
120
Standard
4R, 5R
650


Haven been active in this blog recently. Will anyone remember my this blog? Does anyone value my point of view of the BTO reviews? If you do and wish to get some review on the bto, kindly leave me a comments!

=) 

Sunday, 9 September, 2012

The million dollar HDB - Meiling Street @ Queenstowns & Bishan .


An executive maisonette on Queenstown's popular Mei Ling Street could become the first public housing apartment to be sold for a million dollars.

The first appointment with the Housing & Development Board (HDB) has yet to be completed, though the buyer and seller have come to an agreement on the price, said Lee Sze Teck, senior manager at DWG's research and consultancy division.

DWG is brokering the deal, under which the Singaporean buyer has agreed to pay a cash premium of $195,000 for the flat, which is located near the Queenstown MRT Station. No details were given on the size of the apartment.

Click here to find out more!
If the sale goes through, the home will sit at the top of a list of HDB apartments that have been sold at prices close to $1 million this year.
At least 19 homes have changed hands for over $800,000, with nine of them crossing the $900,000 mark, data from SRX and ERA Realty showed.
Experts, however, say there is no bubble in the market. Homes transacting at such prices are usually located in popular areas, and may have highly sought-after design features that are rare for public housing.

Mei Ling Street, for instance, is just opposite Queenstown MRT Station, said Mr Lee. "This is a very popular area. Many residents say they enjoy an unblocked view and it is very near the MRT station."
Buyers of homes along the street have given reasons such as the good view and home layout as reasons for their willingness to splash on their apartment of choice, added Mr Lee. Some have even cited good fengshui as a reason.
For an executive maisonette in Bishan that was sold at close to $1 million, the home came with a roof terrace, which is rare for public housing, said ERA Realty key executive officer Eugene Lim.

"There are not many of such units (that come with a roof terrace).
So they are a highly sought-after commodity," said Mr Lim. "But the majority of transactions are not like that".

He noted that homes in "hot areas" - such as Bishan, Toa Payoh, Queenstown and Marine Parade - generally see buyers who are willing to fork out top dollar. But in other areas, prices are far more moderate.

"So what you see (for these homes that are sold at over $800,000) is top-of-the-range pricing. If you draw a bell curve, they will be right at the top, but they are not reflective of the general market." According to an SRX report issued yesterday, the median resale price of homes in Bishan compiled on Aug 5 was $520,000, and in Marine Parade it was $532,500. The median resale price of HDB apartments in Queenstown was $517,500.

In contrast, homes in Ang Mo Kio fetched a median resale price of $398,000, while for those in Bedok it was $412,000.

Homes in highly sought-after areas also tend to see higher cash premiums, noted Mr Lee.
When it comes to median cash over valuation (COV), Bishan homes had a $47,000 cash premium, based on data compiled on Aug 5, said the SRX report. In Marine Parade, this was $45,000, and in Queenstown, $38,944.

Houses in Ang Mo Kio and Bedok registered a median COV of $30,000.

source from : http://business.asiaone.com/Business/News/Story/A1Story20120908-370365.html

My unit no longer an AirSpace !

It has been building steady and cool.
After so long, it had build up to 30th level, another 13 level to go !!
So right now, my unit wasn't just an airspace!!!! It had been built.


First paint coating had been started and also the mock up unit had been done too! The windows and grills are fixed. Hopefully it will be a parallel process so the construction can be complete asap!!!

Friends told me that material cost price will be increased next year and they had started to look for ID and already start buying furniture for their house which will only be ready like another 1.5 yrs. That's so early planning !!!! I didn't plan anything for my house and also my wedding!!!

So lazy to go into plannings especially which involve with $ as i am so poor.
God please let me tio Toto !!

Haha!

Monday, 28 May, 2012

May 2012 BTO

Its the last week of May 2012, everyone must be still waiting anxiously for May 2012 BTO to be launch- Choa Chu Kang , Kallang Whampoa, Punggol & Sengkang!

My friends had been waiting for it. After several unsuccessful tries, they have finally can try for this ideal location - Kallang / Whampoa. This area should be the best & hot location as it is close to underground MRT (noise reduction) , town & amenities. They have 2 project - Premium BTO & Standard BTO and both are as good as each other! I am eyeing to review this, anyone is interested, leave me a msg!!


My guess is that they will launch on Wednesday 30th May. Good luck to you guys who are applying !

Thursday, 3 May, 2012

Clementi Ridges & Skyline I & II

How many of you had gotten a great que for Clementi & Bukit Batok BTO - Clementi Ridges & Skyline I & II ?

Both project are so expensive but much bigger than my place. If only it launch 2-3years earlier, i would have try it too!