HDB launches new BTO projects
HDB has launched two new Build-To-Order (BTO) projects in Woodlands town which could yield up to 1,329 new flats.
The BTO projects, Woodlands Dew and Woodlands Meadow, are adjacent to each other and will be linked by a landscaped walkway, allowing residents to access the amenities located in the adjoining project.
Mr. Adam Tan, corporate communications manager at Propnex, said the new BTO projects are “clearly targeted at young couples hoping to start families.”
Woodlands Meadow offers a selection of three-, four- and five-room flats, while units at Woodlands Dew range from two- to four-room flats, with prices for both projects ranging between $78,000 and $270,000.
Mr. Tan said that “compared to HDB’s Q210 median resale prices for similar flats in Woodlands, the median indicated pricing for these units are between 22.9 percent (for 4-room flats at Woodlands Meadow) and a generous 39.2 percent (for 3-room flats at Woodlands Meadow) cheaper. This will appeal to young couples who have just started their careers and are looking to start a family in the next few years.”
The two new BTO projects are located minutes away from various recreational amenities such as Woodlands Mart, Woodlands Civic Centre,
“Such facilities, as well as the shops and supermarket within Woodlands Dew and the Resident’s Committee Centre, offer a lifestyle and convenience that can be enjoyed by the whole family,” said Mr. Tan.
With regards to the cooling measures implemented by the government, Mr. Tan does not advise interested first-time buyers to wait for Cash-Over-Valuation (COV) levels to decline, and then purchase a resale flat.
“The new measures are meant to discourage speculative purchasing of HDB flats for investment purposes, but most of the people who buy HDB flats are genuine homeowners anyway, so demand for public housing currently still exceeds supply,” he said.
Info courtesy- PropertyGuru.