4-rm new flat at $400K

HDB launched Telok Blangah Tower under Oct. Build-To-Order (BTO) exercise today. It will be 400 studio, 3-rm & 4-rm flats located in Telok Blangah St.31 and a few hundreds meters south of Telok Blangah Hill Park. The price of $308,000 - $402,000 for a 4-rm unit surprises the public as that is even slightly higher than the resale market price in the region (HDB used to 'subsidise' first-timers on new flats). But HDB said that it's in demanded location and the unit selling at $400K is at 38th storey with sea / Sentosa views and with full-height windows.