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HDB launches 5,032 BTO flats, including first project in Woodlands North Coast
The parcel of land (bottom) bordered by Queensway Road and Mei Chin Road in which the Stirling Horizon BTO will be built on, pictured on Feb 10.ST PHOTO: MARK CHEONG
Isabelle Liew
Feb 10, 2025
SINGAPORE - Some 1,563 flats located within walking distance to Singapore’s northern waterfront and near Woodlands Checkpoint were launched by the Housing Board on Feb 10.
These flats – the first to be offered in the new Woodlands North Coast precinct – were among 5,032 Build-To-Order (BTO) flats that HDB put up for sale.
Four other projects are on offer in Kallang/Whampoa, Queenstown and Yishun.
Another 5,590 flats are also up for sale in the largest Sale of Balance Flats exercise to date. About four in 10 of these units are already completed, with the remaining flats to be completed progressively from 2025 to 2028.
The bulk of the balance flats are in Ang Mo Kio, Tampines, Tengah and Woodlands.
The latest launch is the second under the new flat classification system, which sorts BTO projects into Standard, Plus and Prime categories based on their proximity to the city centre, transport connectivity and amenities.
The Woodlands North Verge project is among three Standard projects on offer. Flats in these projects will not have a subsidy recovery clause when they are sold, and come with a five-year minimum occupation period (MOP).
The waterfront development comprises 1,563 units of two-room flexi, three-, four- and five-room flats in Admiralty Road.
The project is also near parks such as Admiralty Park and Woodlands Waterfront Park. It will have eateries, a supermarket, shops, a pre-school and a residents’ network centre.
Prices (without grants) range from $140,000 to $251,000 for a two-room flexi flat, $275,000 to $363,000 for a three-room flat, $365,000 to $528,000 for a four-room flat, and $486,000 to $661,000 for a five-room flat.
Two projects in Chencharu, an up-and-coming HDB residential area in Yishun, will offer a combined 1,531 units. There are two-room flexi, three-, four- and five-room flats across the two plots, which are separated by Bah Soon Pah Road.
The larger 848-unit project, Chencharu Vines, is bounded by Sembawang Road. It will have amenities such as a supermarket, a pre-school and a residents’ network centre.
The other 683-unit project, Chencharu Green, will be in Chencharu Link, a new bus-only road, and is closer to Khatib MRT station.
The only Prime project, Tanjong Rhu Parc Front in Kallang/Whampoa, will have a subsidy clawback of 9 per cent.
The 812-unit project consists of two-room flexi, three- and four-room flats on a plot near Geylang River. One of its four blocks will have 203 rental flats.
Prices (without grants) range from $399,000 to $519,000 for a three-room unit, and $548,000 to $727,000 for a four-room flat.
For comparison, three-room resale flats in Kallang/Whampoa transacted at between $760,000 and $838,000, and four-room resale flats at between $960,000 and $1.05 million, said HDB.
Plus and Prime flats, which are in more attractive locations, come with a subsidy clawback clause and a 10-year MOP. This is to curb the “lottery effect” of owning flats in prime and central locations.
They will also come with significant market discounts to keep them affordable.
In Queenstown, Plus project Stirling Horizon in Mei Chin Road will house 1,126 two-room flexi, three- and four-room flats. It is about a 10-minute walk from Queenstown MRT station.
The subsidy recovery for this project has been set at 8 per cent. Four-room flats are going for $554,000 to $749,000, without grants, making them the priciest in this launch.
Buyers will have to wait four years and seven months for these flats – the longest wait in this sales exercise.
This plot was previously occupied by the former Mei Chin Secondary and Primary schools, which were demolished by HDB between 2022 and 2023.
From February’s BTO exercise, HDB will issue two times more queue numbers than the flat supply, down from three times previously.
This is because measures to help first-time applicants secure their BTO flats, as well as the stricter rules for applicants who reject offers to book units, have worked, said National Development Minister Desmond Lee in an interview in January.
The booking chances of applicants who have queue numbers above two times the flat supply were much lower than before, and it also gives applicants more certainty over whether they should apply for the next sales exercise, he said.
HDB said applicants who wish to improve their chances of securing a flat are encouraged to apply for Standard flats, where at least 95 per cent of the four-room and larger flats are set aside for first-timer families.
Flat applications close at 11.59pm on Feb 17 on the HDB Flat Portal. The new homes will be allocated through balloting.
In the next BTO exercise in July, HDB will offer about 5,400 flats in Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh and Woodlands.