Established in 1999

Continued from FrontPage of Article

Annex 1

         Interested flat buyers can submit their application for Treetops @ Punggol from 28 Mar 07 (Wed) to 17 Apr 07 (Tues). Each applicant (i.e. household) can only submit one application for the Mar 07 BTO Exercise.

2          Applicants who wish to apply for Tenants’ Priority Scheme (TPS) only need to indicate in their application that they wish to be considered for the priority. They need not indicate the flat type. But they will only be allowed to select a 3-room flat when their turn is due. Other applicants will be eligible to book any of the 3 flat-types, subject to availability.

3          Applications must be submitted online via HDB InfoWEB. The administrative fee is $10. Applicants without internet access can submit their e-applications at the Sales Office at HDB Hub or HDB Branch Offices, where our staff will assist them. There will be no manual applications either over the counter, by post or drop box.
　

4          At the time of application, applicants can request for priority allocation under the Third Child Priority Scheme (TCP), Married Child Priority Scheme (MCPS) or Tenants’ Priority Scheme (TPS) (for 3-room flats only) if they meet the prescribed conditions of these schemes. Applications under the Resettlement/Relocation and Grassroots Organisation Schemes would require recommendations from the appropriate authorities managing the schemes.

Note:

* TPS is only applicable for purchase of the 3-room flats at Treetops @ Punggol

** MCPS applicants who are FTs will have four times the success weightage over non-MCPS ST applicants.

　

5          After the close of the application period, HDB will assess the number of applications received before deciding whether to proceed with the shortlisting of applicants for the selection of flats in Treetops @ Punggol.

6          HDB will proceed with the selection exercise if the response is good and a computer ballot will be conducted to determine the queue positions of the eligible applicants. HDB will first invite applicants up to 2 times the flat supply for selection of a flat. Applicants will be informed of the shortlisting results by end-May 2007.

7          The selection exercise will commence from July 07. An option fee of $1,000 for a 3-room flat and $2,000 for a 4-room / 5-room flat is payable at the time of selection and may be paid by cash/cheque/NETS.

8          Other than applicants who applied under the Tenants Priority Scheme, all other invited applicants may select any of the 3 flat types offered. Whether they are able to select a flat of their choice would be subject to the availability of flats and ethnic quota when their turns are due. They can check the availability of flats from the HDB InfoWEB or via Teletext before turning up at the HDB Sales Office on the appointed date for the selection. They need not turn up for the selection if their preferred units are no longer available.

9          After the selection exercise, HDB will assess the take-up rate of Treetops @ Punggol before deciding whether to proceed to call the building tender.

10          Once it is confirmed that Treetops @ Punggol has met the desired take-up rate and will proceed to be tendered, HDB will arrange for the applicants to sign the Agreement for Lease within 4 months from the date of selection of the flats.

11          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 or those applying under the Fiance/Fiancee 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 signing the Agreement for Lease and the balance 5% when the buyer takes possession of his new flat.

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

13          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.

Annex 2
　

1) Floor area refers to the estimated area of the whole apartment inclusive of the area of the air-conditioner ledge, planter bed, open terrace and voids (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.

The location map (459KB) and perspectives (136KB) of Treetops @ Punggol (绿馨苑 ) are attached. (SEE BELOW)

Location : Sales Display Area,
1st Storey Atrium
HDB Hub

Exhibition period : 28 Mar 07 to 17 Apr 07

Opening hours : 8 am to 5 pm (Weekdays) and 8 am to 1 pm (Saturday)
Closed on Public Holidays and Sundays

Source: www.hdb.gov.sg Press Release 27 Mar 2007

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