SINGAPORE – The Housing Board launched 9,144 Build-To-Order (BTO) flats for sale on Oct 15, including the first flats in two new housing estates – Mount Pleasant in Toa Payoh town, and Berlayar on the former Keppel Club site in Bukit Merah.
In all, 10 projects are on sale across Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh and Yishun.
The subsidy clawback rate for Prime project Berlayar Residences, the first project in the new Berlayar estate forming part of the Greater Southern Waterfront, was set at 14 per cent – the highest so far. The rate for Prime flats in the July sales exercise was between 11 per cent and 12 per cent.
This means that when such flats are sold, owners will have to pay HDB a percentage of the resale or valuation price, whichever is higher.
These clawbacks correspond to the extent of the extra subsidies offered, said HDB. There is also a 10-year minimum occupation period (MOP) for these flats.
The rate was set at 12 per cent for Mount Pleasant Crest in Toa Payoh and Redhill Peaks in Bukit Merah. At Bishan Terraces, it is 10 per cent.
The only Plus project, Oak Ville @ AMK, comes with a subsidy clawback of 7 per cent. The 1,425-unit project in Ang Mo Kio Avenue 5, near ITE College Central and Anderson Secondary School, also has a 10-year MOP.
“Source:[HDB launches 9,144 BTO flats, including first projects at Mount Pleasant and former Keppel Club site] © Singapore Press Holdings Limited. Permission required for reproduction”
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