BTO projects continue to see strong demand

[louisoh]

By Mustafa Shafawi, Channel NewsAsia | Posted: 24 February 2010 1647 hrs
SINGAPORE: The two latest HDB Build-to-Order or BTO projects - Punggol Crest and Treegrove@Woodlands - are seeing strong demand.

The number of applications received so far was four times the number of units available. There were 6,375 applications for 1,534 flats as at 5pm on Wednesday.

The more popular ones are the bigger flats. There were some 2,600 applicants for 270 4-room units at Punggol Crest. The 372 4-room units on offer at Treegrove saw 2,426 applicants as at 5pm on Wednesday.

But the 2-room units at Punggol Crest were less popular. So far, only 75 people applied for the 240 units.

The selling prices for the Punggol Crest flats range from S$90,000 for a 2-room flat to S$301,000 for a 4-room flat.

For the Treegrove project, the prices range from S$64,000 for a studio apartment to S$288,000 for a 4-room flat.

Applications for the two BTO projects close at midnight Wednesday.

- CNA/ir

http://www.channelnewsasia.com/stori...039586/1/.html



So many applications.. heng i nvr try..
How to achieve 80+% successful applicants as per what "marlboro" said?

[surestik]

Not surprising, MBT have strangled the supply line for too long.

[Foxbat]

Not surprising, MBT have strangled the supply line for too long.

also is due to the CRAZY CASH OVER VALUATION for resale flats........

so only choice is to get a new flat and hope that 5 years later, can sell the house with a CRAZY CASH OVER VALUATION

the story will goes on and on and HDB flats will be in the region of 700 k for a 4 room and our gahmen will say we are blessed as we are holding on to assest that are close to a million