SHORTER WAITING TIME
A total of 753 flats are being built at Clementi, near the town’s central area and MRT station. The project is expected to be completed by 2029.
At Toa Payoh Rise, another 741 units will also be ready by then. The development is located near Caldecott and Braddell MRT stations.
Meanwhile, the project in Bukit Merah will have 498 units, and is situated near Redhill MRT station. It is built next to Alexandra Peaks, a Prime project slated for completion by 2029.
It is unclear if these projects will be categorised as shorter waiting time flats with waiting times of less than three years.
But analysts said the early construction of these upcoming housing projects would mean a much faster turnaround time.
“In the past, HDB will build BTO projects ahead of the launch to provide shorter waiting time flats. Usually, these flats are located in the more suburban areas, further away from the city,” said Mr Nicholas Mak, chief research officer at property search portal Mogul.sg.
“Right now, (some of these upcoming projects) are at the city fringe. They are all very well-located, about 300m to 400m from their nearest MRT stations.
“Perhaps HDB is trying out a new method of launching BTO flats by providing flats, regardless of whether they are in the suburban areas or the city fringe, with shorter waiting time,” he added.
More than 2,800 flats with a shorter waiting time were launched this year alone. This is in line with the target of rolling out between 2,000 and 3,000 of such flats per year by 2025.
