On the lookout for the next BTO launch? Good news, the wait is over! The September BTO exercise has been announced on 11 September 2019. Aspiring homeowners can now apply for 3 new BTO projects that offer a total of 3,373 units of 2-room Flexi, 3-, 4-, and 5-room flats, namely:
- Punggol Point Cove
- Punggol Point Crown
- Tampines GreenGlen
September 2019 BTO Launch
Whether you’re a family with young kids, planning to occupy the home with your wife and kids along with your parents or right-sizing to an affordable home, you will surely find the perfect home suited for your needs from the diverse range of flat types under the BTO exercise.
Prices of the September 2019 BTO Flats
| Project Name | Flat Type | Transacted Prices of Resale Flats in the Vicinity | Selling Price (Excluding Grants) | Selling Price (Including Grants^) |
|---|---|---|---|---|
| Punggol Point Cove / Punggol Point Crown | 2-room Flexi | $230,000 – $255,000 | From $109,000 | From $29,000 |
| Punggol Point Cove / Punggol Point Crown | 3-room | $335,000 – $360,000 | From $205,000 | From $130,000 |
| Punggol Point Cove / Punggol Point Crown | 4-room | $440,000 – $480,000 | From $287,000 | From $227,000 |
| Punggol Point Cove / Punggol Point Crown | 5-room | $560,000 – $688,000 | From $423,000 | From $378,000 |
| Tampines GreenGlen | 4-room | $400,000 – $465,000 | From $312,000 | From $267,000 |
| Tampines GreenGlen | 5-room | $470,000 – $575,000 | From $418,000 | From $388,000 |
Source: HDB
Enhanced CPF Housing Grant
Like a gift that keeps on giving, aspiring homeowners can rejoice with the introduction of the new Enhanced CPF Housing Grant. Announced as a replacement of the Additional CPF Housing Grant and Special CPF Housing Grant – you can even think of it as a combination of the two – this Grant boasts a higher income ceiling to include more families looking to buy a home for the first time.
First-timer families with a monthly household income of up to $9,000 can look forward to a Grant amount of up to $80,000. This is based on the condition that the home’s balance lease will be able to last them up to the age of 95. If the balance lease falls short of this, the EHG amount will be pro-rated.
This less restrictive version of your run of the mill housing Grant allows families looking to buy bigger flats (eg. 5-room) in mature towns to fall under the eligibility criteria too, ultimately making homeownership a lot more accessible for Singaporeans!
Say you and your family successfully booked a 5-room BTO flat at GreenGlen for the first time. The selling price, which starts from $418,000 before the grant will be reduced to $388,000 after the grant, a welcome respite from forking out more than $400,000 for your first home.
If you’re more motivated than ever to apply for a BTO under the September 2019 exercise, don’t wait. You have only 7 days (effective from 11 September 2019) to apply for a BTO flat via the HDB InfoWEB. If the recent BTO locations are not quite your cup of tea, there will be another BTO exercise in November 2019 which will offer about 4,500 flats in Ang Mo Kio, Tengah, and Tampines. While you wait for November to come around, you can always consult our step-by-step guide to buying a BTO
.
Are resale flats more your speed? If you’re looking to buy a resale unit, check out our non-duplicated listings and DIY your housing transactions completely free of charge. Rest assured, there is no hidden or success fee.
We also offer top-notch agent services
from $2888 for aspiring resale home buyers. Call 6886 9009 now to learn more!
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