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29-11-16, 16:33
http://www.straitstimes.com/singapore/housing/over-10000-new-flats-up-for-selection
Over 10,000 new flats up for selection
Nov 23, 2016
Yeo Sam Jo
The last and largest launch this year of new Housing Board flats kicked off yesterday with a total of 10,118 units and more than 4,100 people applying on day one.
Analysts expect this launch to be very popular, given the attractive locations of some units.
Of the 5,110 Build-To-Order (BTO) units, over half are in the mature estates of Bedok, Bidadari - an upcoming estate that is part of Toa Payoh - and Kallang/Whampoa.
The remaining 2,194 units are in Punggol.
Also on offer are 5,008 balance flats - or flats not sold previously - ranging from two-room flexi units to executive flats, which are no longer being built.
The preceding three BTO launches this year also included flats in mature estates such as Ang Mo Kio, Tampines and Bidadari.
Yet, despite the greater supply, competition for units in mature estates is expected to remain high.
In a Facebook post yesterday, National Development Minister Lawrence Wong said: "We are trying our best to provide more options for home-buyers. But given limited land and the popularity of projects in these mature areas, we can expect application numbers to exceed the units available."
He encouraged buyers in urgent need of flats to consider non-mature estates instead.
Applications for both BTO and balance flats are open until 11.59pm on Monday.
The next BTO launch will be held in February.
About 1,770 and 170 flats respectively from the non-mature estates of Punggol and Woodlands will be offered, while the mature estates of Clementi and Tampines will have 1,600 and 620 units up for grabs.
http://www.straitstimes.com/sites/default/files/st_20161123_bto23_2761086.jpg
Over 10,000 new flats up for selection
Nov 23, 2016
Yeo Sam Jo
The last and largest launch this year of new Housing Board flats kicked off yesterday with a total of 10,118 units and more than 4,100 people applying on day one.
Analysts expect this launch to be very popular, given the attractive locations of some units.
Of the 5,110 Build-To-Order (BTO) units, over half are in the mature estates of Bedok, Bidadari - an upcoming estate that is part of Toa Payoh - and Kallang/Whampoa.
The remaining 2,194 units are in Punggol.
Also on offer are 5,008 balance flats - or flats not sold previously - ranging from two-room flexi units to executive flats, which are no longer being built.
The preceding three BTO launches this year also included flats in mature estates such as Ang Mo Kio, Tampines and Bidadari.
Yet, despite the greater supply, competition for units in mature estates is expected to remain high.
In a Facebook post yesterday, National Development Minister Lawrence Wong said: "We are trying our best to provide more options for home-buyers. But given limited land and the popularity of projects in these mature areas, we can expect application numbers to exceed the units available."
He encouraged buyers in urgent need of flats to consider non-mature estates instead.
Applications for both BTO and balance flats are open until 11.59pm on Monday.
The next BTO launch will be held in February.
About 1,770 and 170 flats respectively from the non-mature estates of Punggol and Woodlands will be offered, while the mature estates of Clementi and Tampines will have 1,600 and 620 units up for grabs.
http://www.straitstimes.com/sites/default/files/st_20161123_bto23_2761086.jpg