21 Nov '17, 4am

Overall subscription rate for BTO flats down in November

Tampines GreenCourt is nestled within the tranquil living environment of Tampines North, with several nearby parks. Despite the robust demand seen for three- and four-room flats in Tampines and Geylang, the overall subscription rate for Build-to-Order (BTO) flats continued to fall during the November sales exercise, reported Today Online . As at 5pm on 20 November (Monday), more than three applicants were vying for the four-room flats in Eunos Court at Geylang, or 1,848 applications for the 538 units offered. Three-room flats in Tampines GreenCourt received 193 applications for the 186 units offered, while four-room flats in Northshore Edge at Punggol attracted 466 applications for the 192 units available. PropNex’s chief executive officer Mohd Ismail attributed the strong demand in Geylang to its location, which is “much closer to town”. “Also, people understand that a fl...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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