HDB is launching two new housing projects, Sunshine Court (275KB) in Choa Chu Kang and Punggol Regalia (282KB) in Punggol, under the Build-To-Order (BTO) System. A total of 1,181 Studio Apartments (SAs), 3-room, 4-room and 5-room flats in Standard and Premium designs will be offered.
With these two new projects, HDB has launched a total of 7,793 units under the BTO system in 2008, in towns like Punggol, Choa Chu Kang, Sengkang, Yishun, Woodlands and Bukit Panjang.
Sunshine Court (view map)
Sunshine Court is a Standard contract comprising 164 SAs, 117 3-room and 171 4-room flats. Located along Choa Chu Kang Ave 3, it is opposite Sunshine Place, a neighbourhood centre which houses a supermarket, foodcourt, and commercial shops to serve the daily needs of the residents. There are also educational institutions nearby such as Choa Chu Kang Primary, Concord Primary and Bukit Panjang Government High School. This is the first time that SAs are offered for sale in Choa Chu Kang. The SAs are equipped with elderly-friendly features such as grab bars and non-slip flooring. Also, the SAs are fitted with built-in wardrobe, kitchen cabinets and cooking facilities.
Punggol Regalia (view map)
Punggol Regalia is a Premium contract comprising 546 4-room and 183 5-room flats. Located at the junction of Punggol Field and Punggol Place, it is well served by the Punggol MRT/LRT stations and Bus Interchange, and is conveniently located near the future Punggol Town Centre.
Pricing of the New Flats at Sunshine Court and Punggol Regalia
To ensure that public housing is affordable for first-time home buyers, new HDB flats are priced below their equivalent market prices. In pricing the new flats, HDB considers several factors such as location, flat attributes, project design and prevailing market conditions. Pricing details and resale comparables for Sunshine Court and Punggol Regalia are in Tables 1a and 1b of Annex 1.
6 Most households will not need to use cash to meet their monthly mortgage payments. For example, a typical 3-room unit at Sunshine Court costs about $135,000. For a family with a household income of $2,200, the monthly mortgage instalment is about $460, after factoring in the Additional CPF Housing Grant (AHG) of $20,000. The $460 monthly mortgage instalment can be fully paid using CPF contributions. Eligible first-timers whose average monthly household income is $4,000 or less in the 24 months preceding application can qualify for an AHG of up to $30,000. Further details of affordability of flats at Sunshine Court and Punggol Regalia can be found in Tables 2a and 2b of Annex 1.
HDB will continue to offer flats of different pricing, flat sizes, design types and locations to cater to the different needs and budgets of flat buyers.
Application Procedures and Enquiries
Applications for the new flats can be submitted online from 30 Dec 2008 (Tue) to 12 Jan 2009 (Mon). More information on the development and details of the application procedures can be found at Annexes 2 and 3.