31 Jul '13, 9am

2-room flats nearly seven times oversubscribed | | via @SGPropertyGuru | #sgproperty #singapore #hdb

Jul 31, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share The 519 two-room flats released for sale in the housing board's latest Build-to-Order (BTO) exercise have received a total of 3,483 applications as of 5pm today, which translates to an oversubscription rate of nearly seven times, according to figures published on HDB's website. Despite their smaller sizes of approximately 45 sq m and location in the non-mature estates of Sengkang and Yishun, the flats proved popular, especially with singles. Local media reports earlier today revealed there were about 16 applications from singles for every two-room flat on offer. Notably, the majority of subscriptions were for the 231 two-room flats in Sengkang. Up to 30 percent of the available two-roomers have been reserved for singles. Singles wanting to buy a unit should be at least 35 years old and have a mont...

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

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