Young married couples with children will get priority in the latest round of sales launch of new BTO HDB flats. These new flats are available in both mature and non-mature estates, namely Ang Mo Kio, Yishun, Tampines, Choa Chu Kang, Hougang and Kallang-Whampoa.
New flats in mature HDB towns will cost more than those in non-mature estates. Yes, even fresh ones from HDB. But at $575,000 for a five-room flat in Ang Mo Kio, it is still considerably lesser than a similar one in the resale market which goes for as much as $628, 000. Units from the sales launch which are not taken up, will then be release to first-timers. First-timers can get up to $60,000 in grants. Prices start from $140, 000 for a 700 sq ft, three-room unit in Cho Chu Kang.
Analysts are expecting an increase of bids from young families, but Dennis Wee Group spokesman Lee Sze Teck thinks otherwise. He thinks that most married couples who were looking for new living arrangements may have already done so by now, especially if they have children below 16 years. And if they haven’t, it could be that they are comfortable with their current situation thus may not be that eager to go for a new HDB flat. But still, response may be as heated as before, simply because the resale market is rising to unreachable heights.