SINGAPORE - Almost all larger flats in the ongoing Build-To-Order (BTO) sales exercises have been oversubscribed just a day after the launch, with the five-room and three-generation units in Ang Mo Kio proving to be the most popular. As at 5pm on Wednesday, 2,541 applicants were vying for the 372 five-room and three-generation flats at Central Weave @ Ang Mo...
As at 5pm on Aug 31, 2,541 applicants were vying for the 372 five-room and three-generation flats at Central Weave @ Ang Mo Kio. PHOTO: HDB
This translates to around three first-time applicants to each available unit. Second-timers face an even bleaker prospect with more than 82 applicants to each available unit. This translates to more than one first-time applicant to each available unit, but the number of applicants is expected to increase in coming days.
There is a limited supply of five-room flats in central mature towns, the bulk of which is found in BTO projects in the Bidadari estate, which is part of Toa Payoh town.In other mature towns such as Bishan, Geylang, Kallang/Whampoa and other parts of Toa Payoh, four-room flats are the biggest flat type available in recent BTO projects.
Interest was most muted for the Choa Chu Kang BTO project, where there are fewer first-time applicants than the number of available three-room, four-room and five-room flats.
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