03 Apr '12, 11am

Over 26,000 applications for 8,000 HDB flats

File photo of HDB flats in the Sengkang estate near the Fernvale LRT station. There was a flood of applications for the 7,978 flats put out on offer just a week ago, with demand outstripping supply by more than three times. -- ST PHOTO: ALPHONSUS CHERN By Daryl Chin There was a flood of applications for the 7,978 flats put out on offer just a week ago, with demand outstripping supply by more than three times. As the deadline drew to a close on Tuesday, there were about 26,350 applications for the flat. These were sold under the Build-To-Order (BTO) scheme, and Sales of Balance Flats exercise, which are balance flats left unsold in previous sales launches. Balance flats, which hit an overall subscription rate of 3.8, were a more popular choice analysts say, because most of them had already been built, and are nestled in mature estates with good transport links and amenities...

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

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