In the latest Build-To-Order (BTO) exercise, HDB launched as much as 8000 houses under 5 projects. Among the five, three will be located in Tengah and the rest are in Ang Mo Kio and Tampines. On top of wide range from two-room flexi to five room flats, HDB also includes 3Gen units in the latest launch.
Notably, two of the projects in Tengah will feature shorter construction time to benefit the owners. Meanwhile, first timer will also eligible for subsidies of up to $80,000 under the new initiative announced in September. First timer who do not get their flat in the BTO will be able to select a unit from 3599 units of balance flat as an alternative.
For owners of the private housing nearby can expect HDB upgraders to takeover their property when the flat are matured after minimum occupation period (MOP) of 5 years, thus guaranteed an exit strategy for their purchase.
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