29 Sep '11, 1am

'Leftover' HDB flats now 6 times oversubscribed, with a total of 17,255 applications for 2,847 flats

'Leftover' HDB flats now 6 times oversubscribed, with a total of 17,255 applications for 2,847 flats

Another 3,000 applications were filed on Wednesday in the Housing Board's latest Sale of Balance Flats exercise, bringing the total number to 17,255. -- ST PHOTO: STEVEN LEE CT By Cheryl Ong Another 3,000 applications were filed on Wednesday in the Housing Board's latest Sale of Balance Flats exercise, bringing the total number to 17,255 as at 5pm. With 2,847 balance flats for sale, the subscription rate for these so-called 'leftover' units is now six times. Not surprisingly, mature estates were popular: Bukit Merah and Queenstown drew 6,000 bids for slightly more than 1,100 flats. But non-mature towns like Yishun were also hot, with over 1,000 applications for 41 two-, three- and four-room units. Balance flats comprise unsold units from past Build-To-Order (BTO) launches, surplus replacement flats under the Selective En-bloc Redevelopment Scheme and those bought back by t...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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