HDB November sales exercise – launches 10,118 flats

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New HDB flats accounted for over half of the units found for sale.

The Housing and Development Board (HDB) started 10,118 flats for sale on Tuesday (22 November) in its biggest sales activity in 2016.

Build-To-Order (BTO) flats accounted for over half of the units started for sale, with 5,110 units spread across nine projects. Of these, three projects are positioned in the non-mature estate of Punggol, while the other six are within the mature estates of Bedok, Bidadari and Kallang Whampoa.

Meanwhile, the remaining 5,008 equilibrium flats are spread across 11 non-mature and 14 mature estates.

Prices begin from $75,000, excluding grants, for a 2-room Flexi unit in a non-mature town to $525,000 for an executive flat in a mature town.

The Housing Board noted that the launching brings the overall BTO and balance flats supply this year to 17,891 and 10,178 units, respectively. This works out to an entire flat supply of 28,069 units.

Lim Yong Hock, Essential Executive Officer at PropNex Realty, anticipates flats in mature estates to receive a higher subscription rate of between four to eight times, while those non-mature estates will see a subscription rate of one to three times. Also, year 2017 will see more good private condo launching by prestigious developers like the one near Tanah Merah MRT, Grandeur Park Residences

“HDB BTO entire subscription rates for this year have dropped from 4.7 in February to 3.7 in May and 2.3 in August,” he noted.

“We forecast that this last BTO launching for the year will see an average rate of three to five times due to more matured estates released this time round. ”

The newest activity will close on 28.

The next BTO launch will likely be held in February 2017, with about 4,100 flats offered in Clementi, Tampines, Punggol and Woodlands.

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