01 May '11, 9am

HDB's BTO projects 3 times oversubscribed

HDB's BTO projects 3 times oversubscribed

SINGAPORE: The largest supply of new Build-To-Order (BTO) flats in a single launch since 2002 has been over-subscribed by three times. As at 8am on May 1, the Housing and Development Board (HDB) said 9,359 applications for the 3,185 flats have been received. Applications close at midnight. They are for flats at Anchorvale Cove in Sengkang, Hougang Parkview in Hougang, Montreal Ville in Sembawang and Waterway Terraces II in Punggol. This translates to an overall application rate of about 2.94 times. They range from two-room to five-room flats and from standard to premium flats. Of the 9,359 applications, 4,497 applications were for the 804 flats under Waterway Terraces II. The HDB said the higher interest from flat buyers for Waterway Terraces II is expected due to its good location and award-winning design. It added that premium flats had higher application rates than stan...

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

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