New HDB flats accounted for more than half of the units launched for sale.
The Housing and Development Board (HDB) launched 10,118 flats for sale on Tuesday (22 November) in its largest sales exercise in 2016.
Build-To-Order (BTO) flats accounted for more than half of the units launched for sale, with 5,110 units spread across nine projects. Of these, three projects are located in the non-mature estate of Punggol, while the other six are within the mature estates of Bedok, Bidadari and Kallang Whampoa.
Excluding grants, prices for the flats range from $80,000 for a 2-room Flexi flat in Punggol to $503,000 for a 5-roomer in Bedok.
Meanwhile, the remaining 5,008 balance flats are spread across 11 non-mature and 14 mature estates.
“They comprise 635 units of 2-room Flexi, 1,266 units of 3-room, 2,233 units of 4-room, 837 units of 5-room, 23 units of 3Gen, 13 units of executive flats, and one unit of Multi-Generation flat,” said the HDB.
Prices start 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 launch brings the total BTO and balance flats supply this year to 17,891 and 10,178 units, respectively. This works out to a total flat supply of 28,069 units.
Lim Yong Hock, Key Executive Officer at PropNex Realty, expects 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.
“HDB BTO overall 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 predict that this last BTO launch for the year will see an average rate of three to five times due to more matured estates released this time round.”
The latest exercise will close on 28 November.
The next BTO launch will be held in February 2017, with about 4,100 flats offered in Clementi, Punggol, Tampines and Woodlands.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
