27 Nov '17, 3am

Mature estates still a major draw for HDB buyers

Mature estates still a major draw for HDB buyers

In the most recent HDB build-to-order (BTO) sales launch , 4-room flats in Geylang were oversubscribed by 3.4 times. The November sales exercise saw 7,344 applicants vying for 4,829 BTO flats at an oversubscription rate of at least 1.5. Geylang flats favoured for their location The 4-room units at Eunos Court were most popular with HDB applicants due to its proximity to the Eunos MRT Station . In addition, the area has not had many new launches of late. Tampines is another mature estate favoured by applicants. In a BTO launch in May this year, Dakota Breeze which was also in Geylang, was oversubscribed by almost 5 times. Those hoping for a unit in this estate may have to wait until February 2018. The next BTO exercise will include 3,600 units in Choa Chu Kang, Geylang, Tampines and Woodlands. Punggol’s popularity growing as next most-subscribed estate Northshore Edge, Pung...

Full article: https://www.iproperty.com.sg/news/mature-estates-still-a-...

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