HDB launched today two new BTO projects, Fernvale Palms in Sengkang and Boon Lay Meadow in Jurong West. There are a total of 1,200 standard flats on offer, comprising 240 units of 2-room, 396 units of 3-room, 512 units of 4-room and 52 units of 5-room flats.
These 1,200 new BTO flats form part of the 5,000 new flat supply which Minister Mah Bow Tan announced on 1 Oct 09. They will offer greater choice and certainty for young couples looking for their first homes.
Fernvale Palms is a standard contract offering a total of 495 units. The flat supply comprises 96 units of 3-room, 347 units of 4-room and 52 units of 5-room flats.
Sengkang today is an attractive housing estate with developed transportation networks and supporting amenities. Situated along Sengkang West Way, Fernvale Palms is conveniently located near two LRT stations, Fernvale and Thanggam, which connect to the Sengkang MRT station and bus interchange. The Tampines Expressway is also just a short drive away.
Sengkang is served by its own Community Club, polyclinic and shopping mall (Compass Point). Residents’ daily needs are met by the wet market, supermarket, and food court at Fernvale Point, as well as eateries located at Jalan Kayu. There are various educational institutions in the vicinity, such as Fernvale Primary, Anchor Green Primary, Nan Chiau Primary, Pei Hwa Secondary School and Nan Chiau High School.
BOON LAY MEADOW
Boon Lay Meadow is a standard contract offering a total of 705 units. The flat supply comprises 240 units of 2-room, 300 units of 3-room and 165 units of 4-room flats.
Boon Lay Meadow is situated within the established Jurong West estate. Conveniently located along Jurong West Avenue 2, Boon Lay Meadow is served by two MRT stations, Boon Lay and Lakeside. The Pan-Island Expressway is also a short 5 minute drive away.
Residents are served by such shopping facilities as the nearby Boon Lay Shopping Centre, a neighbourhood centre which houses a market and hawker centre, and commercial shops. There are also educational institutions in the vicinity such as Corporation Primary, Boon Lay Garden Primary, River Valley High School and Boon Lay Secondary School.
PRICING OF NEW FLATS AT FERNVALE PALMS & BOON LAY MEADOW
To ensure that public housing is affordable for first-time homebuyers, new HDB flats are priced below their equivalent market prices The market prices take into account the prices of resale flats in the area, with adjustments made for factors such as location, flat attributes, project design and prevailing market conditions., as determined by professional valuers.
Selling prices for the flats range from:
- $129,000 to $163,000 for a 3-room flat;
- $214,000 to $262,000 for a 4-room flat; and
- $282,000 to $340,000 for a 5-room flat
Boon Lay Meadow
- $86,000 to $103,000 for a 2-room flat;
- $138,000 to $173,000 for a 3-room flat; and
- $223,000 to $266,000 for a 4-room flat