ANNEX 2

Information on Supply of Apartments in Phase 1 and Indicative Price Ranges

Note:
Floor area refers to the estimated area of the whole apartment inclusive of the area of the air-conditioner ledge, planter and bay window (where applicable).

Internal floor area refers to the estimated area of the apartment computed based on the centre line of the apartment wall.

ANNEX 3

INFORMATION ON THE SHOWROOM AT THE PINNACLE @ DUXTON

Location : Junction of Cantonment Road and Neil Road

Opening Dates and Hours : Till 18 Jun 2004
Daily 8.30 am to 7 pm

Note: Showflats will continue to be open after the application period. They will be open daily (including weekends) from 10 am to 6 pm.

Free Shuttle Bus Service from Raffles Place MRT Station

Pick-Up/Drop-Off Point : Raffles Place Park
Along D'Almeida Street

Operating Dates : 31 May, 1 Jun, 3 Jun, and 4 Jun 2004.
Not available on Vesak Day.

Operating Hours : 12noon to 2pm; 4pm to 6pm
At 15-minute intervals

ANNEX 4

APPLICATION PROCEDURE

Submission Of Application

   Applications can be submitted either electronically or manually using the prescribed application form within the application period.

Online Application

2   To submit applications electronically, applicants can simply log on to HDB InfoWEB "e-sales" at www.hdb@gov.sg  and follow the simple steps. A non-refundable administration fee of $10 is payable for electronic submission.

Manual Application

3   The non-refundable administration fee is $20 for manual submission. The application forms and $20 coupons are available at the on-site showroom at Cantonment Road, Sales Reception Counter and Payment Office located at the Atrium, 1st Storey, HDB Hub, HDB Branch Offices or Singapore Post branches.

4   Completed application forms affixed with the coupon can be submitted personally at the on-site showroom at Cantonment Road or Sales Registration Counter located at the Atrium, 1st Storey, HDB Hub. Alternatively, they can be sent by post, or deposited in the drop-box provided at the Sales Office, Atrium, 1st Storey (near the Drop-Off Point), HDB Hub.

5   Depending on the response from the applicants, HDB may offer more apartments for sale and extend the application period. After the application has closed, HDB will assess the number of applications received before deciding whether to offer the apartments at The Pinnacle @ Duxton for booking.

Mode Of Allocation

6   HDB will conduct a computer ballot to determine the queue positions for all applicants who apply for a flat at The Pinnacle @ Duxton. All eligible applicants will be informed of their balloted queue positions and date/time to book a flat around mid Jul 04.

Booking Of Flats

7   Applicants can expect to book their choice apartment at The Pinnacle @ Duxton in Aug 04. The booking exercise will be conducted at the on-site Sales Office at Cantonment Road. A booking fee of $2,000 is payable at the time of booking.

8   Booking of apartments by applicants with queue numbers exceeding the supply on offer would be subject to availability of the supply or ethnic quota when their turns are due. They can check the availability of the apartments from the HDB InfoWeb at www.hdb@gov.sg  or from the Teletext before turning up at the on-site Sales Office on the appointed date for the booking. If their preferred units are no longer available, applicants need not turn up at the on-site sales office.

9   For applicants who could not book any apartments due to insufficient flat supply or where there are no available ethnic quota, HDB will automatically roll over their applications to the next BTO launch. There is no need for such applicants to submit another application when the next Phase of BTO exercise is launched. However, no priority will be accorded to these applicants on account of their unsuccessful attempt in the Phase 1 launch.

10   After the booking exercise, HDB will assess the take-up rate before deciding whether to proceed with the subsequent launch.

Signing The Agreement For Lease

11   Under the BTO system, HDB will only proceed with the construction of flats if most of the flats in the entire development are booked. For The Pinnacle@Duxton which is an integrated housing development, HDB will assess the total take-up of the all the Phases of BTO exercise to determine whether the desired take-up is achieved before deciding whether to proceed with the tender and construction of The Pinnacle@Duxton.

12   Applicants sign the Agreement for Lease only when it is confirmed that the project will be tendered and built. Tentatively, this is expected in the second half of 2005. However, if the response to Phase 1 BTO launch is good, the phasing will be reduced and time shortened to enable the applicants to sign the Agreement earlier.

13   At the time of signing the Agreement for Lease, the applicants must pay 20% of the selling price of the apartment they have booked as downpayment. First-timer applicants, i.e. married couples or those applying under the Fiance/Fiancee Scheme, who booked either a Type S1 or Type S2 apartment, can pay the 20% downpayment in 2 instalments under the Staggered Downpayment Scheme (SDS) if at least one of the partners is aged 30 years or younger. Under this Scheme, the first 10% will be collected when signing the Agreement for Lease and the balance 10% when the buyer takes possession of his new flat.

14   With effect from 1 Jan 2004, those who take bank loans will have to pay a 2% cash downpayment. An applicant who books an apartment at The Pinnacle@Duxton and takes a bank loan will have to pay the 2% cash downpayment.

15   Applicants who do not sign the Agreement for Lease or reject their apartment after booking will have their applications cancelled and the booking 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.

CONSTRUCTION OF FLATS
16   Construction of flats is expected to start by end of 2005 and complete by 2010. If the demand is strong and the phasing of the BTO exercise is shortened, the completion date will be earlier.

ANNEX 5
PRIORITY SCHEMES

   HDB has reviewed the various priority schemes under the Build-To-Order (BTO) System.

Married Child Priority Scheme (MCPS)

2   Priority will be accorded to applicants if they are :

a)   A married child who applies for a flat located in the same town or within 2 km of where his parents are currently living. If the parents are living in HDB flats, they can be the lessees/occupiers/tenants. However, if the parents are living in private properties, they must be the owner-occupier the property.
(The reverse situation where parents apply to stay near their married children will also be accepted); or

b)   A married child who applies for a flat to stay together with his parents as a multi-tier family household. Both married child and parents can be currently residing within or outside the town applied for.

3   The success weightage of applicants under the MCPS would be twice that of those not applying to stay near parents. Successful applicants under this priority scheme will be required to maintain the residence of their parents/married child in the same estate for a period of 5 years. i.e. the parents/married child are not allowed to buy/take over the lease of another flat bought direct from HDB or the open market, outside the existing estate within the 5 year period if the child is given priority, and vice versa.

Priority for First-Timers over Second-Timers

4   All applications received will be classified into First-Timers and Second-Timers. The success weightage of First-Timers applicants would be twice that of the Second-Timers.

Third Child Priority (TCP) Scheme

5   Priority is also given to an applicant who has at least 3 or more children, with the third child born on or after 1 Jan 87, if he is able to meet the conditions of the TCP Scheme. 5% of the flat supply in a particular launch will be set aside for applicants under the TCP Scheme.

Priority for Grassroots Organisation (GRO) members

6   HDB sets aside 5% of flat supply in each electoral ward (subject to a minimum of 6 flats) for priority allocation to GRO members in recognition to the services of the Grassroots leaders.

Priority for Relocation Tenants/Resettlement cases

7   For those applicants affected by Government's clearance programme and are recommended by the relevant agencies, HDB also set aside 5% of the flat supply for priority allocation to such applicants.