HDB rolls out ‘largest offering’ in November BTO exercise
Over 10,000 flats were offered under November 2022 build-to-order exercise.
Amidst high demand for new homes, HDB opened 9,655 flats for sale under the November 2022 build-to-order (BTO) exercise, the largest offering ever in a single launch.
Flats are spread across 10 projects in mature and non-mature estates in Kallang Whampoa, Queenstown, Bukit Batok, Tengah, and Yishun, with around 60% (5,861 units) rolled out in non-mature estates.
HDB CEO Tan Meng Dui said this year’s offering is a selection of affordable flats for homebuyers.
“With 95% of 4-room and larger flats in this bumper crop set aside for first-timer households, and additional ballot chances for them, we encourage first-time applicants to apply for flats in the non-mature estates to increase their chances of securing a new BTO flat,” said Tan.
With 1,071 units offered under the sale of balance flats exercise, there are a total of 10,726 new flats laid out in the BTO exercise.
“As with earlier sales launches, applications for these new flats are shortlisted using a computer ballot and not on a first come-first served basis, so applicants need not rush to make their flat applications and may do so anytime from today (23 November) to 1 December 2022 (Thursday),” read the statement.
There is also a wide selection of flats, ranging from community care apartments to five-room flats, is offered in this BTO exercise to meet diverse housing needs.
With significant subsidies, the flats are priced lower than the transacted prices of comparable resale flats.
In non-mature estates, all the four-room flats, which is the most common flat type for HDB launches, are valued under $400,000.
Workplace 3.0: Transforming work environments to support innovation and meaningful work
The race to gender equity for Asia’s startups
How Many Apps Does It Take to Change a Workplace?
In an era of zero-sum thinking, business leaders must unlock a mutually beneficial future