Residential

4,630 BTO flats launched in September

4,630 built-to-order flats will be launched in September, said the Housing & Development Board (HDB). These flats will be launched in non-mature estates such as Bukit Batok, Hougang and Jurong West. Projects will also be released in mature estates like Kallang and Whampoa. Flat applications will begin from September 24 to September 30. According to HDB, existing flat owners can choose to pay half the downpayment of a new flat, if they move into a two-room or three-room flat, in a non-mature estate. Flat owners who are on the HDB loan will only be required to pay 5 per cent downpayment instead of the current 10 per cent. Also, flat owners who are taking up a loan with financial institutions will only be required to pay 10 per cent downpayment, instead of the current 20 per cent. The remaining amount will be paid ...