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Thread: Strong demand for HDB's build-to-order Punggol flats

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    Default Strong demand for HDB's build-to-order Punggol flats

    http://www.straitstimes.com/Singapor...ry_415961.html

    August 13, 2009 Thursday

    Strong demand for HDB's build-to-order Punggol flats


    APPLICATIONS for the build-to-order (BTO) Punggol Residences flats have been flooding into the Housing Board (HDB).

    As at 5pm yesterday, the HDB had received 5,215 applications for the 769 flats on offer at the Punggol site.

    This works out to a subscription rate of 6.7 times for the development, which comprises 615 four-room and 154 five-room flats. There were 3,609 applications for the four-room flats and 1,606 applications for the five-room units.

    The deadline for applications is midnight on Aug 12.

    An HDB spokesman said: 'The strong interest shows that home-buyers recognise that HDB's latest project offers good value for money.'

    Punggol Residences, situated at the junction of Punggol Walk and Punggol Field, is located within the precincts of the future Punggol Town Centre.

    It is a five-minute walk from the Punggol MRT station and the bus interchange, while the Tampines Expressway is a short drive away.

    The prices range from $264,000 to $322,000 for the four-room units and $344,000 to $409,000 for the five-room flats.

    The prices are comparable to those at Punggol Regalia, a similar premium BTO project next to Punggol Residences, which was launched in December last year.

    To date, the HDB has launched about 2,800 flats under the BTO system and, given the strong level of demand, is committed to stepping up its supply to 8,000 or more units. It is set to unveil another BTO project for Punggol later this month.

    'The consistently high subscription rates for the BTO projects in Punggol Town are testament that the town has become a much sought-after place to live in,' the HDB spokesman said.

    The HDB believes the launch of new BTO projects in Punggol will further contribute towards realising the 'Punggol 21-Plus' vision of a waterfront town for the 21st century.

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    Quote Originally Posted by mr funny
    http://www.straitstimes.com/Singapor...ry_415961.html

    August 13, 2009 Thursday

    Strong demand for HDB's build-to-order Punggol flats


    APPLICATIONS for the build-to-order (BTO) Punggol Residences flats have been flooding into the Housing Board (HDB).

    As at 5pm yesterday, the HDB had received 5,215 applications for the 769 flats on offer at the Punggol site.

    This works out to a subscription rate of 6.7 times for the development, which comprises 615 four-room and 154 five-room flats. There were 3,609 applications for the four-room flats and 1,606 applications for the five-room units.

    The deadline for applications is midnight on Aug 12.

    An HDB spokesman said: 'The strong interest shows that home-buyers recognise that HDB's latest project offers good value for money.'

    Punggol Residences, situated at the junction of Punggol Walk and Punggol Field, is located within the precincts of the future Punggol Town Centre.

    It is a five-minute walk from the Punggol MRT station and the bus interchange, while the Tampines Expressway is a short drive away.

    The prices range from $264,000 to $322,000 for the four-room units and $344,000 to $409,000 for the five-room flats.

    The prices are comparable to those at Punggol Regalia, a similar premium BTO project next to Punggol Residences, which was launched in December last year.

    To date, the HDB has launched about 2,800 flats under the BTO system and, given the strong level of demand, is committed to stepping up its supply to 8,000 or more units. It is set to unveil another BTO project for Punggol later this month.

    'The consistently high subscription rates for the BTO projects in Punggol Town are testament that the town has become a much sought-after place to live in,' the HDB spokesman said.

    The HDB believes the launch of new BTO projects in Punggol will further contribute towards realising the 'Punggol 21-Plus' vision of a waterfront town for the 21st century.
    both the applicants and HDB seemed to have forgotten what happened before ? when they launched Punggol 21 many years back ...

    demand then was so so good and later many return the units .. and so much complains .. Punggol 21 project died after that ..

    and now they starting again .. using a new name ??

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    Quote Originally Posted by mr funny
    'The consistently high subscription rates for the BTO projects in Punggol Town are testament that the town has become a much sought-after place to live in,' the HDB spokesman said.
    Testament my ass.

    The supply is so tight now and resale so expensive that the mentality is no fish got "hey bee" also ok.

    Try releasing more flats in mature estates and see if demand is so good or not.

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    Quote Originally Posted by sabian
    Testament my ass.

    The supply is so tight now and resale so expensive that the mentality is no fish got "hey bee" also ok.

    Try releasing more flats in mature estates and see if demand is so good or not.
    Well, it's a testament of how effective Hedge-Dee-Bee is in choking off supply....

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