BTO FLATS IN NOVEMBER
Mr Lee also said more buyers may apply for flats in the Build-to-Order (BTO) flats in November, as the income ceiling for BTOs has been raised from S$14,000 per month to S$16,000 per month.
About 7,960 new flats will be launched across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun.
Community care apartments will also be offered in Toa Payoh.
Mr Lee also noted changes to the allocation and distance priority for Primary 1 registration under Phase 2C in 2027, which could have an impact on demand in some places.
“Twelve primary schools in Bukit Timah, Newton and Marine Parade will have more spots for children who live more than 2km away. For these 12 schools, half of the spots will be for those staying within 2km and half for those beyond 2km,” he said.
“This change may benefit HDB resale flats in Bedok, Bukit Batok, Bukit Merah, Bukit Timah, Central Area, Clementi, Geylang, Kallang/Whampoa, Marine Parade, Queenstown and Toa Payoh, which are close to the 12 schools.”
HDB reminded prospective buyers that they must have a valid HDB Flat Eligibility letter when submitting their flat application.
HDB also cautioned that the macroeconomic outlook remains “highly uncertain”, including the outlook for global and domestic interest rates. It advised households to exercise prudence when buying property and taking out mortgage loans.
“The government will continue to monitor the property market closely and adjust its policies as necessary to promote a stable and sustainable property market,” HDB said.