>

>

Applications for February BTO exercise exceed supply by 3.7 times

EdgeProp |

February 19, 2019 2:43 PM SGT

Applications for the Build-To-Order (BTO) flats in the HDB February exercise hit 14,751, or 4.7 times the supply. Under the exercise, 3,162 BTO units and 577 Re-Offer of Balance Flats (ROF) units were launched for sale.

Flats in Kallang/Whampoa were the most popular. This is within expectations, says Eugene Lim, key executive officer at ERA Realty Network. The Kallang/Whampoa flats attracted 7,084 applicants for 855 flats, or 8.3 times the supply. Their attractiveness is further evident from the second-timer application rate for four-room flats of 39.3 times, he notes.

“Despite the higher prices, applicants were attracted to the city fringe location and MRT station accessibility of the flats,” says Lim. “Also, second-timers typically have a little more cash and equity after disposing of their first subsidised flat.”

Flats in Jurong West received application rates from 2.2 to 6.3 times the supply, for three-room to five-room flats. Lim says that this is due to their proximity to the Boon Lay and Pioneer MRT Stations and relatively low prices.

For the next BTO launch in May 2019, 3,400 HDB flats in Kallang/Whampoa, Tengah and Woodlands will be offered.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Novo Place hits 88.1% as 137 units snapped up in second balloting

3

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

4

What’s next for Bayshore

5

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00