Record Number of New HDB Flats to be launched soon

2012-09-16 12.39.342012 is truly a record breaking year, HDB has launched an unbelievable number of new HDB Flats in many towns, with 3 launches in mature towns, and 2 in new towns. A total number of 6500 new flats will be in 5 HDB Towns of -  Ghim Moh, Toa Payoh and Bedok – and the two newer estates of Choa Chu Kang and Sengkang.

HDB reported that 7,153 unsold “balance flats” that were relaunched for sale, this year’s total supply comes to 34,237 flats.

National Development Minister Khaw Boon Wan said in Parliament last week that new flats – the bulk of which are reserved for first-time applicants – were still affordable for them.

He noted that the prices for new HDB flats had risen by 12 per cent, compared to the 34 per cent rise in the HDB resale price index since 2009.
It is expected that buyers of new HDB flats in the mature estates will be slightly pricier than those in the newer estates of Choa Chu Kang and Seng Kang. It is expected since the 3 mature towns have established amenities, and facilities.
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