HDB launches BTO projects in Bukit Panjang and Sengkang

Published October 27, 2010

HDB launches BTO projects in Bukit Panjang and Sengkang

A total of 1,322 units will be offered in the two projects

By UMA SHANKARI

THE Housing & Development Board has launched two more build-to-order (BTO) projects - Senja Parc View at Bukit Panjang and Anchorvale Horizon at Sengkang.

A total of 1,322 units - comprising 240 studio apartments, 112 two-room flats, 112 three-room flats, 710 four-room flats and 148 five-room flats - will be offered.

Including these, HDB has now offered 15,527 new flats for sale under the BTO and sale of balance flat exercise this year.

And in the first quarter of next year, it will launch about 5,000 BTO flats as part of the supply of 22,000 new flats planned for 2011.

The upcoming BTO projects will have a good geographic spread, in towns such as Bukit Panjang, Jurong West, Sengkang and Yishun, HDB said yesterday.

Apartments at the 577-unit Senja Parc View, which is bounded by Senja Road and Kranji Expressway, are priced at $86,000 to $119,000 for a two-room flat; $149,000 to $191,000 for a three-room flat; and $242,000 to $312,000 for a four-room flat.

Flats at the 745-unit Anchorvale Horizon, located at the junction of Anchorvale Road and Sengkang East Way, are pricier as they are 'premium' flats.

Units there will sell for $75,000 to $104,000 for a studio apartment; $277,000 to $344,000 for a four-room flat; and $344,000 to $426,000 for a five-room flat.

HDB estimates that first-time flat buyers will use 17 to 27 per cent of their monthly household income to meet their monthly loan payments for flats in Senja Parc View and Anchorvale Horizon.

Market watchers expect Anchorvale Horizon to be more popular.

'The immediate area around Anchorvale Horizon is more developed than the immediate area around Senja Parc View,' said PropNex corporate communications manager Adam Tan.

He pointed to various sports facilities that will appeal to the younger generation and the connectivity offered by the nearby expressway and LRT stations.

At Senja Parc View, the main attraction is expected to be the low cost of the flats.

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