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Bayshore, Kembangan among 14 BTO projects to go on sale in Oct
The Straits Times
|June 21, 2024
One project to pilot open-concept layouts; another to feature community care units
The first Housing Board flats in Bayshore and an integrated development in Kembangan are among 14 Build-To-Order (BTO) projects that will go on sale in October.
ABTO project in Kallang/Whampoa will pilot a new "white flat" open concept, where units are free of partition walls and beams, giving buyers who opt for this layout a white canvas to design the flat as they choose.
Also on offer will be the first development in a new housing area in Sengkang and community care apartments in Geylang.
HDB's new system that classifies flats as Prime, Plus or Standard starts from October. It will replace the current classification of estates as either mature or non-mature, which has been in place since 1992.
Details of the 14 projects were released on HDB's website on June 19. They make up the final BTO sales exercise of 2024.
About 8,500 flats will be offered across Ang Mo Kio, Bedok, Bukit Batok, Geylang, Jurong West, Kallang/Whampoa, Pasir Ris, Sengkang and Woodlands.
BTO units in choicer locations will fall under the Prime and Plus categories. These flats will have stricter resale conditions, such as a 10-year minimum occupation period (MOP) and a subsidy clawback upon resale.
Resale buyers of Prime and Plus flats will be subject to an income ceiling, currently pegged at $14,000 a month.
Standard flats, which will form the bulk of public housing supply, will come with a five-year MOP and have no significant restrictions on the pool of resale buyers.
Two BTO projects in Bayshore, an extension of Bedok town, will have a combined 1,440 units. Analysts said these projects are likely to fall under the Plus category.
This story is from the June 21, 2024 edition of The Straits Times.
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