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Recent BTO Flat Prices - MND

Posted by on in Singapore Real Estate News

On September 8, it was revealed that the average selling prices of BTO flats in the non-mature estates were stated at $110,000, $187,000 and/or $295,000 for a two-room flat and $386,000 for a five-room flat by the Ministry of National Development (MND). Medium prices falls within the same range as well.

According to HDB, currently in the mature estate, there is only one BTO project being launched this year in July, that is the Toa Payoh Apex, a BTO project centrally located between Lorong 6 Toa Payoh and Toa Payoh East. There are 557 units housed in four 36-storey residential blocks and those BTO flats were constructed with various eco-friendly features; it was estimated to be completed in late 2018. The prices of three-room and four-room were around $321,000 and $470,000 respectively.

Khaw Boon Wan, Minister for National Development, mentioned that it is all due to having locational advantages and vast availability of facilities, that is why in the mature estate, the prices of BTO flats are much higher; also, he added that it took about three years to complete the BTO 2013 projects which involved the waiting time to the process of booking the flat to key collection.

This September, there will be four upcoming sales launches in Bukit Batok, Hougang, Kallang/Whampoa and Jurong West, as per information on HDB website.

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