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Thread: Jade Spring over-subscribed by almost five times

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    Default Jade Spring over-subscribed by almost five times

    Jade Spring over-subscribed by almost five times

    By Chio Su-Mei, Channel NewsAsia | Posted: 31 March 2008 2213 hrs


    SINGAPORE: Jade Spring, the second batch of Built-To-Order flats in Yishun, is over-subscribed by almost five times.

    Homebuyers, who are considering the housing project, have until Monday midnight to file their forms.

    The project offers 576 units of two-, three- and four-room flats.

    Launched on 18 March this year, the project received 241 applications on its first day.

    The overwhelming response prompted the Housing and Development Board (HDB) to shorten the application period from three to two weeks. As of Monday afternoon, the project received 2,658 applications.

    This project follows from the successful Punggol Spring launch in February, which was over-subscribed by almost six times.


    - CNA/so

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    Default Re: Jade Spring over-subscribed by almost five times

    so much for market crash... i don't think property prices will fall much at all when people got the money.

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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    so much for market crash... i don't think property prices will fall much at all when people got the money.
    Maybe you are right.
    Quote Originally Posted by CNA

    HDB and private property prices up in Q1 flash estimates
    Channel NewsAsia
    Tuesday, 1 April 2008, 1345 hrs



    Private residential property prices in Singapore rose 4.2% in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

    The pace was slower than the 6.8% clip recorded in the fourth quarter of last year.

    On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just outside the prime postal districts of 9, 10 and 11.

    Prices in these central areas (i.e. RCR) increased 7.7% in January to March, compared with the October to December period.

    Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa (i.e. CCR), rose 7.5% on quarter.

    And those in the rest of Singapore (i.e. OCR) advanced about 7% in the first quarter from the previous three months.

    The preliminary estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

    Meantime, the Housing and Development Board says prices of HDB resale flats rose 3.4% in the January to March period over the previous three months.

    This is lower than the 5.7% increase in the fourth quarter.

    Both the URA and HDB will release final figures at the end of April.

    The URA said in its release, that as at 4th Quarter 2007,there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

    There are also some 38,300 units that have yet to be put on sale by developers.

    As for the supply of government flats, the HDB said it had made available in the first quarter of this year, some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

    It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

    The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

    This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the 1st half of 2008.

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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    so much for market crash... i don't think property prices will fall much at all when people got the money.
    IF you read the TODAY paper, lots of people just try their luck to see if they can get the flat. If they get the ballot they will reconsider, some even pull out.

    Cityview boon keng had the same problem, after all the oversubscription they left with a quite a number of units not being taken up

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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    IF you read the TODAY paper, lots of people just try their luck to see if they can get the flat. If they get the ballot they will reconsider, some even pull out.

    Cityview boon keng had the same problem, after all the oversubscription they left with a quite a number of units not being taken up
    HDB flats direct sale from HDB is no try luck matter.
    If they have unsold units from the last exercise, they will not conduct the next exercise.

    It is different from you trying your luck here trying to con us.

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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    IF you read the TODAY paper, lots of people just try their luck to see if they can get the flat. If they get the ballot they will reconsider, some even pull out.

    Cityview boon keng had the same problem, after all the oversubscription they left with a quite a number of units not being taken up

    Soleil also has the same problem. so many returned units.

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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    Soleil also has the same problem. so many returned units.
    That was before Nov 07. After that Soleil has no more returned units. Anyway, the precentage of returned units is pretty standard.

    By the way, why mention private condo in a HDB flat thread?

  8. #8
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    Default Re: Jade Spring over-subscribed by almost five times

    Quote Originally Posted by Unregistered
    HDB flats direct sale from HDB is no try luck matter.
    If they have unsold units from the last exercise, they will not conduct the next exercise.

    It is different from you trying your luck here trying to con us.
    What i am saying that over subscription doesn't guarantee the flats will be sold out. There are people who are not genuine in buying as well.

    Im informing not conning, please don't use blatant comments like that.

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