31 May '16, 8am

We know there is High Demand, but do you know why?

Artist’s impression of Ang Mo Kio Court. Source: HDB The results of the Housing Board’s latest Build-To-Order (BTO) sales exercise, which closed on Monday (30 May), show that buyers still favour flats in mature estates, reported Channel NewsAsia . This trend was particularly evident in the mature towns of Ang Mo Kio and Bedok, where BTO flats were offered for the first time in three years. In fact, the 234-unit Ang Mo Kio Court project reported 2,107 applications, or nine applicants per flat, as of 5pm yesterday, representing the highest overall number of would-be buyers in the latest BTO sales exercise. The development’s 5-room and 3Gen flats also saw strong demand coming mainly from second-time buyers, with about eight applicants per flat. According to Ku Swee Yong, Chief Executive of Century 21 Singapore, second-timers who bought a home 15 or 20 years ago have already b...

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

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