26 May '16, 4am

Applicants less likely to get BTO flats in mature towns: Wong

Artist’s impression of the Bedok North Woods BTO project. (Source: HDB) Following the start of the Housing Board’s May 2016 sales exercise, National Development Minister Lawrence Wong reminded potential buyers that it’s not easy to purchase Build-To-Order (BTO) flats in mature estates. On Tuesday (24 May), the HDB launched 3,770 BTO flats, of which 950 units are located in the mature towns of Ang Mo Kio and Bedok, while the rest are in Bukit Panjang and Sembawang. “I know many buyers have been looking forward to this launch, as it has been more than three years since HDB last offered BTO flats in Ang Mo Kio, Bedok, and Bukit Panjang,” Wong wrote in a blog post. As the BTO flats in mature estates were well-subscribed in the two previous BTO launches, the HDB is offering more of these units in mature estates, such as Ang Mo Kio and Bedok. “But given their popularity, applica...

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

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