By : Kay Liao
22 May 2018
May brings good tidings, as HDB announces its May 2018 Build-To-Order (BTO) and Sales of Balance (SBF) exercise!
With 6,992 flats spread across a wide range of towns/ estates, you can definitely find a home that suits your budget and needs.
Casa Spring @ Yishun
This is the site where Casa Spring will be built
Looking for a tranquil home away from the usual hustle and bustle of the city? Located near Lower Seletar Reservoir, Casa Spring @ Yishun has 969 flats available on offer in this sales exercise.
Yishun Mall and Yishun Town Park Hawker Centre are only a short walk away and serve residents’ regular shopping and dining needs. There will also be a childcare centre and roof garden located within the development.
It is also well-linked by a network of bus services to the Yishun Town Centre where residents can enjoy more retail and dining options at Northpoint City and Northpoint Mall. Yishun MRT and bus interchange also offer easy connectivity to the rest of Singapore.
With Yishun Park, Yishun Swimming Complex and Nee Soon East Community Club in the vicinity, there is no shortage of recreational options for residents!
Flats ranging from 2-room Flexi to 3Gen can be purchased from $4,000 to $342,000 respectively, after housing grants.
The site where Fernvale Dew will be built
Fernvale Dew is the latest project in Sengkang, where 1,188 units of different flat types will be available. With Jalan Kayu down the road and Seletar Mall just a short stroll away, residents will have easy access to dining and shopping options.
The development is also within walking distance to Fernvale LRT station that connects residents to a wide range of transportation facilities such as the Sengkang MRT/LRT station and bus interchange at Sengkang Town Centre. Residents can also visit Rivervale Plaza, Rivervale Mall, Kopitiam Square and Compass One for more shopping and dining choices.
Have kids, or planning a family? A childcare centre will be located within Fernvale Dew, and there are plenty of schools such as Sengkang Green Primary School, Fernvale Primary School nearby.
For leisure, residents can enjoy various sports and recreational activities at Anchorvale Community Club, Sengkang Sports Centre and Sengkang Riverside Park. Facilities within the development include a Residents’ Committee Centre, and accessible roof gardens, landscape deck and sky terrace.
Flats ranging from 2-room Flexi to 5-room can be purchased from $19,000 to $357,000 respectively, after housing grants.
Easties at heart, rejoice! Tampines GreenVines will offer 1,271 units of 3-room to 5-room flats to suit different needs and budgets. The development will have accessible roof gardens and sky gardens, which serve as beautiful outdoor spaces for residents to unwind and interact with their neighbours.
Residents can look forward to a wide range of facilities at Tampines Regional Centre, where Tampines MRT and bus interchange are located. There are also numerous dining and shopping amenities including Tampines 1, Tampines Mall and Century Square.
As Singapore’s first integrated community and lifestyle hub, Our Tampines Hub is the go-to spot for residents seeking recreational activities. Besides a variety of sports facilities such as swimming pools and Tampines Regional Library, dining options are also available at the hawker centre within the hub.
Flats ranging from 3-room to 5-room can be purchased from $190,000 to $422,000 respectively, after housing grants.
Kim Keat Beacon
Homebuyers looking for a more central location can consider Kim Keat Beacon, which will house 542 3-room and 4-room flats.
Nearby neighbourhood centres such as Kim Keat Palm and Toa Payoh Vista provide residents with a wide variety of goods and services. Residents can get around Singapore easily via Toa Payoh MRT station and bus interchange located at the Town Centre, where other amenities are available.
Plenty of recreational facilities including the Toa Payoh Library, Toa Payoh Stadium, Toa Payoh Swimming Complex and Toa Payoh Town Park are easily accessible around the development.
Kim Keat Palm Food Centre
Flats ranging from 3-room to 4-room can be purchased from $225,000 to $375,000 respectively, after housing grants.
In addition to the BTO flats, there will also be 3,022 balance flats across various towns/ estates offered under the May 2018 SBF exercise. Most of the flats offered under the SBF exercise are reserved for first-timer families, and eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.
Useful Tips for Flat Buyers
Information on the BTO flats on offer is available on HDB InfoWEB so you can check out all the details online.
Consider applying for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat.
You can apply for only 1 flat type/ category in 1 town under either the BTO or SBF exercise.
Regular updates on the number of applications for the various flat types/ towns will be published on the HDB InfoWEB, so do check for updates before submitting your application.
Applicants are shortlisted using a computer ballot; they are not processed on a first come first served basis. So there is no need to rush to submit your application.
If you wish to take up an HDB housing loan for your flat purchase, you need to produce a valid HDB Loan Eligibility (HLE) Letter when you book a flat. Do check your loan eligibility and apply for an HLE letter.
Deferment of Income Assessment
From this sales exercise onwards, HDB will allow first-timer couples who are full time-students or National Servicemen (NSF), or have recently completed studies or National Service (NS), to apply for a flat first and defer the income assessment for grants and loans till just before key collection. Do check out the additional eligibility conditions which apply at HDB InfoWEB.
Eligible first-timer families can receive up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the SHG (up to $40,000).
Flexi Flats and Fresh Start Housing Scheme
2-room Flexi flat prices are determined after taking into account factors such as the lease tenure, and whether buyers are first-timers, second-timers, or others.
Families who are on the Fresh Start Housing Scheme can also apply for 2-room Flexi flats. The Fresh Start Housing Scheme is meant to help second-timer families with young children, who stay in public rental flats, to own a flat again.
Next Sales Launch
Applications for the May sales launch will close on Monday, 28 May 2018.
There will be another sales launch coming up in August 2018, with 4,300 flats in Punggol and Yishun. Follow MyNiceHome’s Facebook page for the latest updates!