POSTED: 30 Jul 2013 12:46 PM | CNA

SINGAPORE

The Housing and Development Board (HDB) has launched 4,079 new Build-To-Order (BTO) flats for families and singles.

3,861 flats are up for sale in Bukit Merah, Sengkang, and Yishun.

A total of 519 new two-room flats in Sengkang and Yishun will be offered in this BTO exercise.

301 units are in new BTO projects, and another 218 units from previous BTO exercises.

First-timer singles will enjoy up to 30 per cent of the two-room flat supply in these non-mature estates.

From Tuesday, eligible singles will be able to apply for new two-room flats in non-mature estates from HDB.

They must be first-timer single Singapore citizens earning up to S$5,000 per month and be 35 years old and above.

Singles who apply for these flats under the Joint Singles Scheme (JSS) will pay the same BTO price as married couples.

Singles who apply under the Single Singapore Citizen Scheme (SSC) will pay S$15,000 more than married couples.

HDB said singles who later marry will receive the CPF Housing Top-Up Grant of S$15,000 after marriage.

The government will also extend the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG) to eligible singles buying BTO flats.

Singles who apply under the SSC with a monthly income of up to S$2,500 can receive AHG of up to S$20,000.

Those with monthly income of up to S$1,125 can also receive additional SHG of up to S$10,000.

Singles who apply under the JSS with a combined monthly income of up to S$5,000 can receive AHG of up to S$40,000.

Those with a combined monthly income of up to S$2,250 can also receive additional SHG of up to S$20,000.

The selling price (including grants) of a two-room BTO flat in Yishun (Vine Grove@Yishun) starts from S$16,000.

With effect from Tuesday, the government will also extend the AHG to singles buying a resale flat in the open market.

The AHG will be up to S$20,000 for those who apply under the SSC and up to S$40,000 for those who apply under the JSS.

These will be on top of the CPF Housing Grant (S$15,000 under SSC and S$30,000 under JSS) that they would already be getting.

HDB said the extensions of AHG and SHG are intended to provide even more help to singles to buy their first flat.

Also with effect from this BTO launch, the monthly household income ceiling for families for two-room flats in non-mature estates will be increased from S$2,000 to S$5,000, to give more families the option to buy such flats.

From this BTO launch, a couple comprising a first-timer and a second-timer applicant will enjoy the same priority in flat allocation as families comprising two first-timers.

The priority for first-timer families includes a higher proportion of flat supply set aside for first timers, additional ballot chances and eligibility for schemes such as the Parenthood Priority Scheme and Parenthood Provisional Housing Scheme.

HDB said this change will help singles who subsequently marry after buying a two-room BTO flat, to purchase their new matrimonial flat.

It will also benefit reconstituted families comprising a first-timer and a second-timer applicant, such as divorcees who remarry.

HDB has also refined the application process for non-selection of flats.

From Tuesday, first-timer families who have their first-timer priorities suspended but continue not to book a flat when invited twice will have these priorities suspended for another year.

Second-timer families and singles who do not book a flat when invited twice to do so will not be able to participate in HDB’s sales exercises for a period of one year.

HDB said this is to prevent applicants who are not ready to commit from depriving other applicants who are in urgent need of a flat.

HDB advised applicants to apply for a BTO flat in the non-mature estates of Sengkang or Yishun to increase their chances of securing a flat in the July 2013 BTO exercise.

Applications can be made online at the HDB InfoWEB from Tuesday to 5 August.

http://www.channelnewsasia.com/news/singapore/4-079-new-bto-flats/760462.html