28 Nov '12, 2am

Large flats in mature estates most popular in Nov BTO exercise

Large flats in mature estates have proven to be the most popular among home buyers in the November Build-To-Order (BTO) exercise. In the last BTO exercise for the year, there were three first-time buyers for each four-room flat in Toa Payoh. The same goes for five-room flats in Bedok. In Bedok’s Fengshan GreenVille, there were 3.8 first-time buyers and 51.6 second-time buyers for each five-room unit. And in Toa Payoh’s Joo Seng Green and Toa Payoh Crest, there were 3.3 first-time buyers and 34.2 second-time buyers for each 4-room flat. HDB launched seven BTO projects last week. The projects offer 6,463 new flats in non-mature and mature towns, bringing the total BTO flat supply in 2012 to a record 27,084 units. According to analysts, this has helped stabilise demand for BTO flats. Overall application rate (excluding studio apartments) for this month’s exercise is 2.8 buyer...

Full article: http://lushhomemedia.com/2012/11/28/large-flats-in-mature...

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