June launch over 1,300 BTO flats with wait time about 3 year
Before June’s end, 1,352 Build to Order (BTO), or flats BTO will be on the market in Woodlands and Tampines. The waiting period is approximately three years.
The shortest waiting period in the next sales exercise is for a development of 791 units located in Woodlands. Marsiling Peak I.
This is the first flats that come with the shortest waiting period under three years, to launch in 2024.
The Tampines GreenTopaz project, which is located close to Tampines West MRT station, will include 561 apartments with the possibility of a wait time of three years one month.
In 2024, more than 2,800 apartments with shorter waiting periods will be available. This includes more than 2,000 units in the sales exercise that took place in October.
The company had made a commitment in 2023 to open between 2,000 and 3,000 flats, with shorter waiting times each year until 2025.
HDB in close collaboration with our construction partners and other agencies, is able do this an entire year earlier than scheduled, in 2024.
The company will continue to re-calibrate its building program in the future, to ensure that apartments with shorter time to wait, such as those with a waiting time of four years or less make up more of the new inventory.
Marsiling Peak I, comprising two-room flexi, three four-, five- and four-room flats, will be constructed on Admiralty Road and Marsiling Lane. The blocks vary between 31 and 35 stories.
Woodlands North and Woodlands Checkpoint MRT Stations are approximately 2km away from the development.
Flats within the complex have panoramic views of the Strait of Johor and nearby parks. They also have a view of the central courtyard of the structure.
The blocks’ design will incorporate brown accents and tones that are inspired by the history of Woodlands town, named after its densely wooded appearance when viewed from Johor the town, according to.
Nearby amenities include a market and food center in the neighbourhood centre, as well as Causeway Point shopping complex, Woodlands Civic Centre and Admiralty Park.
The 791-unit project is among 1,590 flats being inaugurated in Woodlands in June. It will also comprise three-generation units.
Tampines GreenTopaz is a four-block complex of 12 to 13 floors, and 561 flats in two-room flexi, and four- or five-room configurations. One block will include 24 rental apartments.
The development will have shops, restaurants, a grocery store, and a preschool. It is close to Tampines Park Connector, which will lead to Bedok Reservoir Park.
The June sale will include more than 6,800 new flats in addition to developments in Jurong East, Queenstown as well as Kallang/Whampoa and Yishun. HDB has not announced the date of launch.
The first BTO project to be announced in Chencharu will consist of 1,270 units in Yishun which is a rapidly growing housing zone.
More than 19,600 BTO apartments will be sold in three sales campaigns between now and 2024.
The final launch of 2024 is scheduled for the month of October. It is also the year that new flat classifications are set to take the market, such as Prime Plus, Standard, or Prime.
BTO units in choicer locations are classified under the categories of Prime and Plus and come with more stringent resale conditions like a minimum of 10 years occupation period (MOP) and the possibility of a clawback subsidy.
Standard flats will comprise the bulk of the public housing stock. They will come with an MOP of 5 years and no restrictions for resales buyers.
