Singapore Property News This Week #79

Residential

6,463 BTO flats launched in 7 HDB projects, with at least another 20,000 next year

The 6,463 new BTO flats launched brought the total number of BTO flats launched in 2012 to a record-breaking 27,084 units. Including the 7,153 balance flats launched earlier in the Sale of Balance Flats (SBF) Exercises, a total of 34,237 new flats had been launched in 2012. This large number of units is likely a result of the high demand. HDB also announced its intention to launch a minimum of 20,000 BTO flats in 2013, with 3,320 BTO flats in Ang Mo Kio, Choa Chu Kang, Hougang, Kallang Whampoa, Tampines, and Yishun in January.

The seven BTO projects launched includes Fengshan GreenVille in Bedok (featuring 1,058 units), Ghim Moh Edge (1,179 flats), Toa Payoh Crest (1,007 flats), and Joo Seng Green (248 units), Compassvale Mast (928 units) and Rivervale Delta (884 units) in Sengkang, …