07 Feb '11, 10pm

Two HDB BTO projects in Yishun have seen a slower take-up rate compared to previous projects - is demand slowing down?

Vista [email protected], overall oversubscription rate stayed at about two times. -- PHOTO: Artist's impression TWO Housing Board build-to-order (BTO) projects launched in Yishun last month have met with a more lukewarm reception compared to previous projects. On Monday, with hours to go before the deadline for applications, the overall oversubscription rate stayed at below two times for the projects Orchid [email protected] and Vista [email protected] This showing pales in comparison to a December BTO launch for Punggol Topaz that received six times more applicants than there were flats on offer, and a November launch in Yishun Greenwalk that was three times oversubscribed. However, a third BTO project launched last month - Golden Daisy at Bukit Batok, which comprises 180 studio apartments for older residents - fared better. It had an oversubscription rate of three times. In contras...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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