HDB has launched two new Build-To-Order (BTO) projects in Punggol Town – Punggol Sails and Punggol Ripples – offering a total of 1,078 standard flats. The supply comprises 130 units of Studio Apartments, 436 units of 3-room, 403 units of 4-room and 109 units of 5-room flats.
Conveniently located along Punggol Field, both projects will be well served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre. Within their vicinity, there will be a few shops, a childcare centre and an RC centre. There are also primary and secondary schools in the area. The Tampines Expressway is a short drive away, offering good connectivity to the rest of Singapore.
With effect from this BTO exercise, 95% of the supply of 2-, 3-, 4- and 5-room flats will be set aside for first timers. This will give greater priority to first timers, who generally have more urgent housing needs than second timers.
Including this exercise, HDB has offered about 10,800 flats under BTO and other sales exercises this year. Flat buyers can look forward to 4 more BTO projects with 2,700 flats in Dec 2009. These projects will be located in Bukit Panjang, Sembawang and Dawson. More details will be provided at their launch.
Selling Price for Punggol Sails / Punggol Ripples Flats
- $65,000 to $92,000 for a Studio Apartment;
- $158,000 to $185,000 for a 3-room flat;
- $249,000 to $305,000 for a 4-room flat; and
- $332,000 to $377,000 for a 5-room flat
In addition to enjoying a generous market subsidy on the selling price, eligible first-timers with an average monthly household income of $5,000 or less can also apply for the Additional CPF Housing Grant (AHG) of up to $40,000. The AHG can be used to offset the initial down payment.
Find out more at HDB