HDB is launching Punggol Spectra under the Build-To-Order (BTO) system today, following strong interest in the recent BTO project, Punggol Residences.
Punggol Spectra is a Standard contract offering a total of 1,142 units. The flat supply comprises 301 units of 2-room, 285 units of 3-room and 556 units of 4-room flats.
Situated along Punggol Central, Punggol Spectra is within walking distance to Oasis LRT station. The Tampines Expressway is a short drive away, thus offering good connectivity to the rest of Singapore. The precinct offers commercial facilities such as shops, eating house and supermarket. The future Punggol Town Centre is just minutes away. Educational institutions such as Horizon Primary School and Punggol Secondary School are also located in the vicinity.
The prices of Punggol Spectra range from $89,000 to $109,000 for the 2-room flats, $151,000 to $179,000 for the 3-room flats and $234,000 to $293,000 for the 4-room flats. These are priced below similar flats in the market and are affordable to first-time flat buyers.
On top of a generous market subsidy on the selling price, eligible first-timers whose average monthly household income is $5,000 or less can also apply for an Additional CPF Housing Grant (AHG) of up to $40,000. The AHG can be used to offset the initial downpayment.
Find out more at HDB.