16 Feb '18, 1am

Buyers go for non-mature estates in HDB BTO launch

In the most recent HDB Build-to-order (BTO) flats launch , the response from the public has been overwhelming. BTO launch oversubscribed by more than 7 times. In the launch, 2400 applicants vied for 322 units in Choa Chu Kang . In most launches, units in mature estates tend to garner the most number of eyeballs. But this time around, the flats in Choa Chu Kang were most popular. Teck Whye View. Picture: HDB 3-room and 4-room HDB flats in Teck Whye View . The affordability of the flats, at $190,000 (after utilising available grants) for a 4-room unit, were what drew the crowd. The lack of BTO launches in the West may have also contributed to the high subscription rate. There were only 2 launches in the area last year – Clementi in February and Bukit Batok in August. With a lower price tag, buyers could also be thinking ahead in terms of the selling potential of units here. ...

Full article: https://www.iproperty.com.sg/news/buyers-go-for-non-matur...

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