19 Oct '11, 4am

3 BTO projects in Jurong West and Sengkang to go ahead even if 70% take-up rate not met: HDB

3 BTO projects in Jurong West and Sengkang to go ahead even if 70% take-up rate not met: HDB

Three Build-To-Order (BTO) projects launched in September in Jurong West and Sengkang are not likely to achieve the 70 per cent take-up rate at the selection exercise state, the Housing & Development Board (HDB) said in a statement on Wednesday. -- ST PHOTO: NEO XIAO BIN By Daryl Chin The Housing Board (HDB) will continue to build three projects located in Jurong West and Sengkang, despite its poor subscription rate. The three projects - Golden Peony at Jurong West, and Anchorvale Harvest and Fernvale Rivergrove at Sengkang had an application rate of between 0.6 to 1.3. An application rate of 1.0 means there is one bid for every flat on offer in the project. In a statement released on Wednesday, the HDB said based on past experience, these projects would not achieve the 70 per cent take-up rate when successful applicants head down to select their flats. In the past, this t...

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

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