BTO launch: Pre-fab method to be used for most flats
For the first time, the majority of Build-To-Order (BTO) flats launched will be built using a new pre-fabricated method that reduces the number of workers needed at construction sites, said the Housing Board yesterday.
Of the 4,829 BTO flats launched across five projects in the latest HDB sales exercise, 3,880 flats, or 80 per cent, will be built using the pre-fabricated pre-finished volumetric construction (PPVC) method.
The three PPVC projects in this exercise are the 1,300-unit Fernvale Glades in Sengkang, the 388-unit Northshore Edge in Punggol and the 2,192-unit Tampines GreenCourt.
Under this new construction technology, the lower number of workers needed at construction sites means safety hazards and inconvenience to the public will be minimised.
This method allows buildings to be constructed in a Lego-like manner, with building modules being fabricated in offsite factories. It is a major part of the Government’s push towards raising productivity in the construction sector, as laid out in the industry’s transformation map launched last month.
On HDB’s end, 35 per cent of all BTO flats offered should use the technology by 2019. This year alone, 22 per cent of BTO flats launched will use PPVC.
HDB’s pilot PPVC project – Valley Spring @ Yishun – was launched in the August 2016 sales exercise.
PPVC flats will come with floor and wall finishes, internal doors, window frames, sanitary fittings and a base coat of paint. The HDB will not be offering the Optional Component Scheme (OCS) – which allows BTO-flat buyers to pick these furnishings as an option – with PPVC flats. Resale transactions went into overdrive last month, with numbers rocketing past the level recorded in September.
The activity is a stark sign that life is roaring back into the market, although things are still far from the glory days of 2010 and 2014.
There were 1,461 non-landed private residential units resold in October, up 18.7 per cent on the 1,231 shifted in the previous month, according to SRX Property estimates. The year-on-year result is even more
Said HDB: “This will allow flat buyers to move into their flats more quickly as less renovation work is required. Flat buyers who prefer to choose their own finishes/fittings can opt for non-PPVC flats, where OCS will continue to be offered.”
Some prospective buyers said it was still too early to tell if there is a difference between homes built using PPVC and those using traditional on-site methods.
Said Ms Jessy Chia, 25, a retail manager: “It’s great news for buyers only if (the use of PPVC) means flats are built cheaper or faster, and these savings come back to us.”
The BTO flats on offer are in the mature towns of Geylang and Tampines, and the non-mature towns of Punggol and Sengkang. They include short-lease, tworoom Flexi flats for elderly home buyers and three-generation units for multi-generational families to live together under one roof.
Another 3,401 units under the impressive, with October’s volume up 122 per cent from the 658 units resold in the same month last year, although it was 28.7 per cent below the peak of 2,050 units in April 2010.
SRX Property said private nonlanded resales for the first 10 months of the year are 46 per cent higher than for the whole of 2016. It predicts the volume for this whole year will be around 12,600 units – up 65 per cent from last year’s 7,633 units.
Mr Wong Xian Yang, OrangeTee’s head of research and consul- Sale of Balance Flats (SBF) are also on offer, bringing the total in this exercise, lasting from yesterday until next Monday, to 8,230 flats.
This brings the total number of BTO flats launched this year to 17,584 units, and the number of all flats, including those in the SBF and Re-Offer of Balance Flats exercises, to 26,325.
Application for new flats launched in the November 2017 BTO and SBF exercise can be submitted online on the HDB InfoWEB from now until next Monday. Applicants can apply for only one flat type/category in one town, under either the BTO or SBF exercise.
The next BTO exercise will be in February next year, when the HDB will offer about 3,600 flats in Choa Chu Kang, Geylang, Tampines and Woodlands. A concurrent Re-offer of Balance Flats exercise will also be held. tancy, expects resale volumes of private homes to continue growing on the back of increased demand.
He suggests that the record resale prices for city-fringe non-landed private homes could have been fuelled by the surge in land prices for both collective-sale sites as well as Government Land Sale sites.
“Those selling private apartments and condos units in the rest of central region (RCR) in the resale market are holding firm or raising their asking prices, as higher land prices tend to augur well for future property prices,” he said.
Resale prices for condo units and private apartments in the city fringe or RCR reached a new high last month, going by SRX Property flash estimates. On a month-on-month basis, its resale price index for nonlanded private homes posted a 1.5 per cent gain last month. The price index for the suburbs, or outside central region (OCR), climbed at an even faster pace of 1.7 per cent.
In the prime core central region (CCR), prices inched up 0.3 per cent. As a result, SRX Property’s overall resale price index for private apartments and condo units rose 1.3 per cent last month over September. This followed a 0.1 per cent month-on-month rise in the overall index in September.
On a year-on-year basis, the RCR price index outshone the other two regions with a 7.5 per cent gain. This was followed by a 6.4 per cent increase for the CCR and a 5.5 per cent increase for the OCR.