Flat Type	Sunshine Court (Internal floor area)	Prices of  Resale Flats
3-room	$121,000 to $148,000 (65 sqm)	$201,000 to $230,000 * (67 - 74 sqm)
4-room	$202,000 to $236,000 (90 sqm)	$260,000 to $300,000 ^ (100 - 102 sqm)

Note:

a. *The 3R resale comparables are older (more than 20 years old) and a distance away from Sunshine Court as there are no new 3R comparable flats in the immediate vicinity.  

b. ^The 4R resale comparables (slightly more than 10 years old) are located in the immediate vicinity of Sunshine Court.

 

Table 1b: Prices of Punggol Regalia and Premium Resale Comparables in Punggol

 

Flat Type	Punggol Regalia (Internal floor area)	Prices of Nearby Premium Resale Flats   (about 6 years old)
4-room	$252,000 to $316,000 (90 to 93 sqm)	$338,000 to $350,000 (90 - 94 sqm)
5-room	$342,000 to $428,000 (110 - 114 sqm)	$375,000 to $462,000 (110 sqm)

 

 

 

Table 2a: Affordability of Typical flat in Sunshine Court (CCK N4 C14)

 

Flat Type	Typical Selling Price	Applicants’ Median Household Income**	Eligible Additional Housing Grant	Monthly Instalment for 30-year Loan (payable by CPF)	Instalment to Income Ratio
3R	$135,000	$2,200	$20,000	$460	21%
4R	$220,000	$4,400	-	$793	18%

 

 

 

 

 

 

 

 **estimated

 

 

Table 2b: Affordability of Typical flat in Punggol Regalia (PGW C25)

Flat Type	Typical Selling Price	Applicants’ Median Household Income**	Eligible Additional Housing Grant	Monthly Instalment for 30-year Loan	Instalment to Income Ratio
4R	$285,000	$4,400	-	$1,027	23%
5R	$385,000	$5,600	-	$1,387	25%

 

**estimated

 

 

 

 

ANNEX 2

INFORMATION ON PUNGGOL REGALIA

 

 

1) Floor area refers to the estimated area of the whole apartment, inclusive of the area of the air-conditioner ledge, bay window and balcony (where applicable).
2) Internal floor area refers to the estimated area of the apartment computed based on the centre line of the apartment wall.
3) The indicative prices do not include the cost of optional components. Actual selling prices will vary according to the attributes of the individual units at the time of selection.

INFORMATION ON SUNSHINE COURT

 

 

1) Floor area refers to the estimated area of the whole apartment, inclusive of the area of the air-conditioner ledge (where applicable).
2) Internal floor area refers to the estimated area of the apartment computed based on the centre line of the apartment wall.
3) The indicative prices do not include the cost of optional components. Actual selling prices will vary according to the attributes of the individual units at the time of selection.

 

 

OPTIONAL COMPONENT SCHEME (OCS)

 

The cost of the optional components (see table below) will be added to the selling price of the flat.

  

 

Project	Optional Component	Indicative Costs
		SA	3-room	4-room	5-room
Punggol Regalia (Punggol West C25) Premium Flats	Internal doors*			$1,890
Sunshine Court (Choa Chu Kang N4 C14) Standard Flats	Flooring for living / dining room and bedrooms	NA	$2,000	$3,000
	Internal doors*		$1,440	$1,800

 

OCS is not applicable to SA flats

*3-room flats: 4 internal doors (2 bedrooms doors and 2 bathroom doors)

*4-room flats: 5 internal doors (3 bedrooms doors and 2 bathroom doors)

 

BTO EXHIBITION

 

Location                      : Habitat Forum, BizFour, 3rd Storey, HDB Hub

 

Exhibition period          : 30 Dec 2008 (Tue) to 12 Jan 2009 (Mon)

 

Opening hours : 8 am to 5 pm (Weekdays)

                                      8 am to 1 pm (Saturday, Eve of New Year Day)

  Closed on Public Holidays and Sundays

 

ANNEX 3

 

APPLICATION PROCEDURE FOR DEC 08 BTO EXERCISE

 

Submission of Application

 

            Households interested in buying a flat in Punggol Regalia or Sunshine Court can submit their application online at HDB’s InfoWEB at www.hdb.gov.sg between 30 Dec 2008 (Tue) and 12 Jan 2009 (Mon). The administrative fee of $10 is payable by cashcard or credit card (Master Card / Visa). Those without Internet access can visit HDB Hub or any of HDB’s Branch Offices to submit their application via the e-Stations or Internet PCs that are available for use.

 

2          Each household can submit only one application and must indicate the flat type (Studio Apartment, 3-room, 4-room or 5-room) that they are applying for. The eligibility conditions for the purchase of Studio Apartments are stated in Appendix 1.

 

 

Eligibility Conditions

 

3      The monthly household income ceiling for the purchase of the 4-room and 5-room flats in the Premium contract at Punggol Regalia is $8,000. For the Standard 3-room and 4-room flats or Studio Apartments at Sunshine Court, the monthly household income ceiling of $3,000 and $8,000 respectively are applicable. Applicants must also satisfy the other eligibility conditions such as citizenship, family nucleus and non-ownership of private property.

 

4          First-timer households can also apply for the Additional CPF Housing Grant (AHG) of up to $30,000. To qualify, first-timer households must have been in continuous employment over the last 24 months at the date of the flat application, and have an average gross monthly household income not exceeding $4,000 over the same period. Applicants applying for Studio Apartments are not eligible for this grant.

 

 

Priority Schemes

 

5          Applicants who meet the conditions of the Third Child Priority Scheme (TCPS), Married Child Priority Scheme (MCPS) can request for priority allocation under these schemes. Applications under the Resettlement/Relocation (REN/RH) and Grassroots Organisation (GRO) Schemes require recommendations from the appropriate authorities managing the schemes.

 

6        HDB rental tenants who are first-timers and have lived in their rental flats for a minimum of 2 years can enjoy priority when they apply for a 3-room flat under the Tenants’ Priority Scheme, if their gross monthly household income does not exceed $3,000.

 

 

Selection of Flats

 

7          Upon the close of the application period, HDB will assess the subscription rate before inviting applicants for the selection of flats. Applicants’ queue position to book a flat will be determined by computer ballot. Applicants will be informed of their queue position in Feb 2009.

 

8         The selection exercise will commence from Apr 2009. An option fee of $250, $1,000 or $2,000 is payable upon selection of a Studio Apartment, 3-room or 4-room/5-room flat respectively and this fee may be paid by cash/cheque/NETS.

 

9          Selection of flats by the applicants with queue numbers exceeding the flat supply would be subject to availability of flat supply or ethnic quota when their turns are due. They can check the availability of flats on the HDB InfoWeb or via teletext before turning up at the HDB Sales Office on the appointed date for the selection.

 

10        With effect from May 2008 BTO exercise, First-timer applicants who reject 2 chances to select a flat in BTO/BE exercises will have their First-timer priorities removed for a 1-year period in any HDB’s sales exercise.

 

11        After completion of the selection exercise, HDB will assess the take-up rate of Punggol Regalia and Sunshine Court before deciding whether to proceed to call the building tender for the developments.

 

 

Signing the Agreement for Lease

 

12        Once it is confirmed that the development has met the desired take-up rate and proceeds for tender, HDB will arrange for the applicants to sign the Agreement for Lease within 4 months from the date of selection of the flats.

 

13        Applicants must pay 10% of the selling price of the flat as downpayment at the time of signing the Agreement for Lease, by CPF and/or cash. First-timer applicants, i.e. married couples as well as those applying under the Fiancé/Fiancée Scheme, can pay the 10% downpayment in 2 instalments under the Staggered Downpayment Scheme (SDS) if at least one of the partners is aged 30 years or younger. The first 5% will be collected when the applicant signs the Agreement for Lease and the balance 5% when the buyer takes possession of his new flat.

 

14        Applicants who intend to take an HDB loan must obtain an HDB Loan Eligibility letter before they exercise the Option To Purchase for the HDB flat by signing the Agreement for Lease. For the applicants who are taking a bank loan, they will have to pay 5% cash payment to HDB. They will also have to obtain a Letter of Offer from the bank before they can exercise the Option To Purchase for the HDB flat.

 

15        Applicants who do not sign the Agreement for Lease or reject the flat after selection will have their applications cancelled and the option fee forfeited. If the applicant rejects the flat after signing the Agreement for Lease, the forfeiture will be 5% of the selling price of the flat.

 

Appendix 1

 

Main Eligibility Conditions for Purchase of Studio Apartments &

Key Conditions of Sale/ Lease Administration

.

 

(A)         Eligibility conditions

 

(i)            Age / Citizenship

-        The main applicant must be a Singapore Citizen (SC) and at least 55 years old at the time of application.

-     If other applicant(s), if any, are the main applicant's spouse, parents, siblings or children, they must be:

*     SCs or Singapore Permanent Residents (SPRs) and

*     At least 21 years old at the time of application.

 

-        If other applicant(s) are other than those above, they must be:

*     SCs and

*     At least 35 years old at the time of application.

 

(ii)      Family Nucleus

-        An applicant who is unmarried, divorced or widowed may apply for an SA solely for his own occupation. If he is married, he must include his spouse in his application.

 

(iii)     Income Ceiling

-        The total gross income of all persons listed in the application must not exceed $8,000 a month at the time of application.

 

(iv)         Ownership/ Share in property

 

Owner of HDB flat

-        If the applicant currently owns or has a share in an HDB flat, whether bought direct from the HDB or from the open market, he may apply or be listed as an occupier in the application. However, he will have to dispose of his share in the flat within six months from the date of taking possession of the SA. Otherwise, he will have to surrender the SA to the HDB and forfeit a sum equivalent to 5% of the purchase price and/or any other amount as determined by the HDB.

 

-        The sale of his current flat in the open market is subject to the HDB's approval and resale policies, rules and regulations at the time of sale.

 

Owner of Private Property

-     If the applicant currently owns or has a share in a private property, he may still apply for an SA or be listed as an occupier in the application for an SA.  However, the disposal of interest in the private property must be finalised before he takes possession of the Studio Apartment. If he fails to do so, his application will be cancelled, and the option fee and/or any other amount as determined by the HDB will be forfeited.

 

(v)      Time Bar

 

-    If the applicant is the current owner or ex-owner of a flat bought direct from the HDB, under the Sale of Flats to Sitting Tenants Scheme, or a resale flat under the CPF Housing Grant Scheme, he may apply to buy a SA provided he has satisfied a minimum occupation period of 5 years (excluding any period of subletting of the whole flat), computed from the date of purchase of that flat to the date of submission of SA application.

 

-     If there are more than one applicant owning HDB flats, only the applicant who is an SC aged 55 years or above needs to have satisfied the 5-year occupation period.

 

(vi)         Use of CPF

 

 

-        An applicant aged at least 55 years old may use his CPF to buy an SA after he has set aside the full cash component of his Minimum Sum. The Studio Apartment would then be pledged for the amount of CPF used, up to the maximum pledge allowed under the Minimum Sum Scheme.

 

(B)         Tenure

 

The SA is sold on a 30-year lease from the date of taking possession with an option to extend for another 10 years, subject to the HDB’s approval.

 

Lease Administration Conditions 

 

 

(i)            The SA cannot be sold in the open market. It must be returned to HDB if the owner no longer wishes to live in it or becomes ineligible to do so. If the SA is returned to HDB, HDB will pay, at its absolute discretion, a pro-rated sum of the original selling price based on the remaining lease of the SA.

 

(ii)          An owner of an SA may be allowed to invest in private property if he has physically occupied the SA for at least five years.  He will have to continue living in the SA after the purchase of the private property. He cannot sublet the SA.

 

(iii)     An owner or ex-owner of an SA, who has never sold any flat bought either direct from HDB, under the Sale of Flats to Sitting Tenants Scheme, or from the open market under the CPF Housing Grant Scheme, will have to fulfill the 5-year time bar from the date of purchase of the SA before he can apply for another flat from HDB.

 

_________________________