First smart HDB homes in Punggol to go for as low as $28,000
Artist's impression of Punggol Northshore, a waterfront housing district in Punggol. -- PHOTO: HDB
The smart living system at Punggol's Northshore District. -- PHOTO: HDB
The smart car park management system at Punggol's Northshore District. -- PHOTO: HDB
The smart irrigation system at Punggol's Northshore District. -- PHOTO: HDB
The smart lighting system at Punggol's Northshore District. -- PHOTO: HDB
The smart pneumatic waste conveyance system at Punggol's Northshore District. -- PHOTO: ENVAC
BACKGROUND STORY
A two-roomer for $28,000, with grants
A NEW two-room flat in Punggol Northshore will cost just $28,000 - if you buy a smaller unit and receive the maximum grant.
Prices start at $88,000 before grants. Two-roomers come in 36 sq m and 45 sq m sizes.
In previous Build-to-Order exercises, the price range of larger units was about $20,000 higher than that of smaller ones.
The $28,000 price assumes total grants of $60,000, comprising an Additional CPF Housing Grant (AHG) of $40,000 and a Special CPF Housing Grant (SHG) of $20,000.
The AHG is for first-time buyers and varies according to income. The maximum $40,000 amount is for buyers who apply as a family and have a gross monthly household income of $1,500 or less.
The SHG is also for first-timers only. Its maximum amount of $20,000 is available to all families who qualify for a two-room flat.
First-timer singles applying alone can receive an AHG of up to $20,000 and SHG of $10,000.
The Punggol Northshore flats are not the cheapest. Two-roomers in non-mature estates often cost less than $20,000.
In the March 2014 Build-to-Order exercise, for instance, two-roomers started at $10,000 in Sembawang and $15,000 in Yishun, after grants.
The Straits Times / Singapore Published on Monday, 25 May 2015
By Yeo Sam Jo yeosamjo@sph.com.sg
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