An artist's impression of the Build-to-Order (BTO) flats at Central Weave @ AMK. (Image: HDB)
HDB's August 2022 BTO launch is now currently on with the deadline for application closing by tonight on 05 September 2022, Monday, 11:59 PM.
With 4,993 units spread out across six estates, this launch is going to be a very exciting one as compared to the past BTO lunches. This latest BTO launch includes a variety of units in quite a few mature estates up for grabs, namely Ang Mo Kio, Tampines and two BTO projects under the Prime Location Public Housing (PLH) model in Bukit Merah - Alexandra Vale and Havelock Hillside.
HDB buyers of PLH BTOs will face certain restrictions such as a longer, 10-year Minimum Occupation Period (MOP), a subsidy clawback, and not being able to rent out the entire flat even when the MOP is over.
For budget-conscious buyers, they can choose non-mature estates among Choa Chu Kang, Jurong East and Woodlands. According to HDB, interest was most muted for the Choa Chu Kang BTO project, where there are fewer first-time applicants than the number of available three-room, four-room and five-room flats.
HDB said almost all larger flats in the ongoing Build-To-Order (BTO) sales exercises have been oversubscribed just a day after the launch, with the five-room and three-generation units in Ang Mo Kio proving to be the most popular.
With 4,993 units spread out across six estates, this launch is going to be a very exciting one as compared to the past BTO lunches. This latest BTO launch includes a variety of units in quite a few mature estates up for grabs, namely Ang Mo Kio, Tampines and two BTO projects under the Prime Location Public Housing (PLH) model in Bukit Merah - Alexandra Vale and Havelock Hillside.
HDB buyers of PLH BTOs will face certain restrictions such as a longer, 10-year Minimum Occupation Period (MOP), a subsidy clawback, and not being able to rent out the entire flat even when the MOP is over.
For budget-conscious buyers, they can choose non-mature estates among Choa Chu Kang, Jurong East and Woodlands. According to HDB, interest was most muted for the Choa Chu Kang BTO project, where there are fewer first-time applicants than the number of available three-room, four-room and five-room flats.
HDB said almost all larger flats in the ongoing Build-To-Order (BTO) sales exercises have been oversubscribed just a day after the launch, with the five-room and three-generation units in Ang Mo Kio proving to be the most popular.
HDB saw strong demand for the 372 five-room BTO flats at Central Weave @ Ang Mo Kio despite prices of up to $877k for the five-room flats and three-generation flats of up to $842,000.
This means that the five-room Ang Mo Kio flats are attracting more applicants than the four-room flats in the two Bukit Merah PLH BTO projects that fall under the prime location public housing model. This translates to around three first-time applicants to each available unit in Ang Mo Kio. Second-timers face an even bleaker prospect with more than 82 applicants to each available unit.
At the Alexandra Vale and Havelock Hillside PLH BTO projects, which sits in the vicinity of Redhill and Tiong Bahru MRT stations, there were 2,465 applicants for the 1,298 four-room flats on offer. This translates to more than one first-time applicant to each available unit, but the number of applicants is expected to increase in coming days.
Real estate professional Kiwi Lim from Huttons Asia said after the circuit breaker during the Covid pandemic, HDB buyers prefer a larger space to build their dream homes. Thus Kiwi Lim believe that in the near future - 5 room flats in matured estates will be highly sought after among HDB BTO or resale buyers, especially when they are located near amenities, eateries and MRT. In fact, these 5 room flats may even be more popular than the PHL Model HDB flats located in the prime city fringe areas.
This means that the five-room Ang Mo Kio flats are attracting more applicants than the four-room flats in the two Bukit Merah PLH BTO projects that fall under the prime location public housing model. This translates to around three first-time applicants to each available unit in Ang Mo Kio. Second-timers face an even bleaker prospect with more than 82 applicants to each available unit.
At the Alexandra Vale and Havelock Hillside PLH BTO projects, which sits in the vicinity of Redhill and Tiong Bahru MRT stations, there were 2,465 applicants for the 1,298 four-room flats on offer. This translates to more than one first-time applicant to each available unit, but the number of applicants is expected to increase in coming days.
Real estate professional Kiwi Lim from Huttons Asia said after the circuit breaker during the Covid pandemic, HDB buyers prefer a larger space to build their dream homes. Thus Kiwi Lim believe that in the near future - 5 room flats in matured estates will be highly sought after among HDB BTO or resale buyers, especially when they are located near amenities, eateries and MRT. In fact, these 5 room flats may even be more popular than the PHL Model HDB flats located in the prime city fringe areas.
Central Weave @ AMK
Bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3, Central Weave @ AMK comprises 5 residential blocks ranging from 21 to 32 storeys. One of these blocks will house some rental flats. You can choose from 896 units of 2-room Flexi, 4-, 5-room, and 3Gen flats.
The residential blocks of Central Weave @ AMK are arranged in rows, interweaving with the surrounding landscaping to form a grid-like pattern from an aerial view. Central Weave @ AMK takes its name from this design approach, reinforced by a weaving pattern of vertical stripes on its facade.
Facilities within Central Weave @ AMK include a childcare centre, residents’ network centre, playgrounds as well as adult and elderly fitness stations. The roof garden above the Multi-Storey Car Park (MSCP) offers another space where you can exercise and relax.
To learn more about the August 2022 HDB BTO units, you can also check out the HDB InfoWeb.
Bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3, Central Weave @ AMK comprises 5 residential blocks ranging from 21 to 32 storeys. One of these blocks will house some rental flats. You can choose from 896 units of 2-room Flexi, 4-, 5-room, and 3Gen flats.
The residential blocks of Central Weave @ AMK are arranged in rows, interweaving with the surrounding landscaping to form a grid-like pattern from an aerial view. Central Weave @ AMK takes its name from this design approach, reinforced by a weaving pattern of vertical stripes on its facade.
Facilities within Central Weave @ AMK include a childcare centre, residents’ network centre, playgrounds as well as adult and elderly fitness stations. The roof garden above the Multi-Storey Car Park (MSCP) offers another space where you can exercise and relax.
To learn more about the August 2022 HDB BTO units, you can also check out the HDB InfoWeb.
MND clarified that HDB does not profit from the sale of HDB BTO flats. In fact, HDB will incur a loss from HDB BTO projects, as the estimated amount to be collected from the sale is lower than the estimated total development cost of the projects. If taken into account the CPF housing grants that HDB will extend to eligible buyers, the deficit is higher still. In the last three years, the average deficit incurred by HDB was about S$2.68 billion per year.
The MND reminds all that HDB incurs a deficit every year. The deficit is mainly due to "significant subsidies" for new flats and the disbursement of CPF housing grants for eligible buyers. Because of this, most first-timer buyers use less than a quarter of their monthly income to service their housing loans. Currently according to the MND, close to 90 per cent of first-timer families service their HDB loans using CPF with little or no cash payments.
To learn more about the August 2022 HDB BTO units, you can also check out the HDB InfoWeb.
The MND reminds all that HDB incurs a deficit every year. The deficit is mainly due to "significant subsidies" for new flats and the disbursement of CPF housing grants for eligible buyers. Because of this, most first-timer buyers use less than a quarter of their monthly income to service their housing loans. Currently according to the MND, close to 90 per cent of first-timer families service their HDB loans using CPF with little or no cash payments.
To learn more about the August 2022 HDB BTO units, you can also check out the HDB InfoWeb.
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