{"id":4042,"date":"2019-09-13T11:30:20","date_gmt":"2019-09-13T11:30:20","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4042"},"modified":"2021-06-04T14:39:06","modified_gmt":"2021-06-04T07:39:06","slug":"singapore-launches-4000-flats-in-sales-exercise","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/singapore-launches-4000-flats-in-sales-exercise\/","title":{"rendered":"Singapore launches 4,000 flats in sales exercise"},"content":{"rendered":"<p>Launches announced in the wake of increased housing grants and raised income ceilings<\/p>\n<figure id=\"attachment_4043\" aria-describedby=\"caption-attachment-4043\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-4043\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_559395556.jpg\" alt=\"\" width=\"1000\" height=\"668\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_559395556.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_559395556-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_559395556-768x513.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4043\" class=\"wp-caption-text\">Singapore Marina Bay. martinho Smart\/Shutterstock<\/figcaption><\/figure>\n<p>The Singaporean government is increasing the supply of build-to-order (BTO) and re-offer of balance (ROF) flats, meeting head-on an anticipated demand for public housing from the recent housing grant changes.<\/p>\n<p>The Housing and Development Board launched Wednesday some 3,373 BTO flats and 716 re-offered balance flats for sale across the city-state.<\/p>\n<p>The BTO flats will be offered across three projects: Punggol Point Crown, Punggol Point Cove and Tampines GreenGlen situated in the towns of Punggol and Tampines.<\/p>\n<p>The sales exercise comes on the heels of recently promulgated increases to housing grants and income ceilings for subsidised housing seekers. With the enhancements, those buying a five-room flat in non-mature towns or a flat in the mature towns can now receive more housing grants.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/singapores-former-budget-terminal-takes-flight\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Singapore\u2019s former budget terminal takes flight<\/strong><\/a><\/p>\n<p>For instance, a five-room flat in the non-mature town of Punggol will sell from just SGD378,000 under the Enhanced CPF Housing Grant (EHG). In the mature town of Tampines, a four-room flat can sell as low as SGD267,000 on a grant.<\/p>\n<p>The September sales exercise also includes a re-offering of HDB flats that were unselected from the November 2018 Sale of Balance Flats exercise.<\/p>\n<p>HDB will reserve at least 95 percent of the flat supply for first-timer families, while up to five percent will be allocated to second-timer families. Sales are also open to eligible elderly applicants who can buy two-room flexi flats on a short lease.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Launches announced in the wake of increased housing grants and raised income ceilings\u00a0<\/p>\n","protected":false},"author":8,"featured_media":20276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[222,166],"class_list":["post-4042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hdb","tag-sg","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore launches 4,000 flats in sales exercise | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, 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