512 two- and three-room flats on offer at Sengkang’s Fernvale Crest

Source : Channel NewsAsia – 2 Jun 2009

Nearly 75 per cent of flats on offer at a new Build-To-Order (BTO) project are two- and three-room flats.

The Housing & Development Board (HDB) said the 700-unit development, Fernvale Crest at Sengkang, comprises 512 two- and three-room flats.

HDB said this is the largest number and proportion of smaller flats offered for sale in a BTO project.

The 140 units of two-room flats are priced at between S$74,000 and S$98,000.

The 372 units of three-room flats are for sale at between S$116,000 and S$157,000.

Four-room units are priced at between S$203,000 and S$250,000.

Located at the junction of Jalan Kayu and Sengkang West Way, Fernvale Crest has two LRT stations nearby – Fernvale and Thanggam – which connect to the Sengkang MRT station.

Eligible first-timers with an average monthly income of S$5,000 and below can apply for an Additional CPF Housing Grant of up to S$40,000 which can be used to offset the initial downpayment.

Applications for the new flats can be submitted online at www.hdb.gov.sg from June 2 to 15.