HDB Launches Record Number of Flats for Sale
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by David Zalmond Tuesday, November 02, 2010
Based on reports, the HDB has launched the construction at its Yishun Riverwalk project located at the intersections of Yishun Street 31, Yishun Ring Road, and Yishun Avenue 6.
According to HDB, some 1,408 new flats, ranging from studio-type units to five-bedroom apartments, will be offered under the Build to Order (BTO) system.
The flats under the BTO system will include 254 studio-type apartments, 250 three-bedroom flats, 652 four-bedroom units, and 252 five-bedroom apartments.
Project developers also included facilities including mini-marts, a restaurant, two shops, a child care center, and a committee center for all of its residents.
Meanwhile some 1,624 units, which range from two-bedroom apartments to executive flats, will spread over 10 non-mature estates (including Hougang, Bukit Batok, and Woodlands) and will be offered under the Sale of Balance Flats (SBF) scheme.
The units under the SBF scheme will include 55 two-bedroom flats, 53 three-bedroom standard units, 8 three-bedroom premium flats, and 1, 081 four-bedroom flats. There are also some 338 five-bedroom flats and 89 executive flats.
Based on records, the HDB have already offered some 13,000 flats since the start of the year. In September, at least 1,300 new flats will be constructed in the Woodlands area.
HDB, on the other hand, assured BTO flat buyers that they can turnover the keys in areas like the Punggol, Sengkang, Bukit Panjang, and Woodlands later this year.
According to Rikvin, which is a business solutions provider in Singapore, the housing sector in the country has been stronger over the past several months due to the increasing demand and high purchasing power of consumers.
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