29 Feb '16, 10am

#singapore #property 5-room Bidadari flats more than 75 times oversubscribed by 2nd tim...

Artist’s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB As of 5pm on Monday (29 Feb), the 236 five-room and 3Gen flats at Alkaff Oasis in Bidadari have emerged as the most popular units in the February Build-To-Order (BTO) exercise, with an application rate of 7.6 for first-time buyers and 75.6 for second-time buyers, according to the HDB. An application rate of 75.6 means that for every one flat available, there are over 75 applicants vying for the unit. In mature estates such as Bidadari, up to 95 percent of the supply of three- to five-room flats are set aside for first-timers, while five percent are reserved for second-timers. So far, there are a total of 2,537 applicants for the five-room and 3Gen flats. The 71 3Gen flats at Alkaff Oasis are specially designed for multi-generation families, said the HDB. The project’s four-room flats also attracte...

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

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