07 Feb '11, 3am

Demand drops for latest BTO projects

Demand drops for latest BTO projects

SINGAPORE: The latest three Build-To-Order (BTO) projects by the Housing Board Development in Bukit Batok and Yishun are not seeing the same level of interest as the previous project in Punggol. At the latest available update, the three developments in Yishun and Bukit Batok drew about 1.99 applicants for each unit offered. In contrast, the Punggol Topaz BTO project launched in December had nearly seven applicants for each unit offered. The Golden Daisy BTO project in Bukit Batok, which comprises 180 studio apartments, had three applicants for each unit. Studio apartments are only available to those aged 55 and above and have elderly-friendly features such as support grab bars and ramps. The two other projects are Orchid Spring and Vista Spring in Yishun, offering 1548 units. Vista Spring is the more popular of the two BTO projects in Yishun. There were more than two appli...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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