FRESH START HOUSING SCHEME
Families under the Fresh Start Housing Scheme will have the additional option to buy three-room flats on a shorter lease starting from this sales exercise.
The scheme, for second-timer families with young children who are currently living in public rental flats, previously offered the sole option of buying two-room Flexi flats on shorter leases.
Families under the Fresh Start Housing Scheme can choose lease lengths ranging from 45 to 65 years in five-year increments, as long as the lease of the flat can cover the applicant and their spouse (if applicable) up to the age of 95.
FUTURE BTO PROJECTS
Applications in the current sales exercise can be submitted from Feb 28 to Mar 6, online at HDB InfoWEB.
After this, the next BTO launch will be in May when HDB will offer about 5,400 new flats in places such as Tengah, Bedok, Kallang Whampoa and Serangoon.
In August, there will be between 5,200 and 6,200 flats in areas such as Choa Chu Kang, Tengah, Bukit Merah, Kallang Whampoa, and Queenstown.
“This number is subject to review as more project details will be firmed up closer to the launch date,” said the agency.
“HDB will continue to monitor the housing demand closely and is prepared to launch up to a total of 100,000 flats from 2021 to 2025.”
It was announced in Budget 2023 that the Government will do more to help first-timer families with children, as well as young married couples aged 40 and below, buy their first home.
These families will get an additional ballot for their BTO flat applications, said Deputy Prime Minister Lawrence Wong in his Budget statement, adding that more details will be announced by the Ministry of National Development.