With the market imbalance indicating signs of improvement, the Housing and Development Board (HDB) recently ramped up the supply of new flats to meet demand.
According to a report by Channel NewsAsia, BTO launches in September
witnessed a moderate to low subscription rate, implying that almost
everyone will have the chance to buy a flat.
Except for a project in Ang Mo Kio, which saw about six applicants for each three-room unit it offered, other BTO projects in areas such as Sengkang, Jurong East and Punggol drew less than three applicants per flat.
In November, the HDB will launch another 4,200 BTO flats.
The report added that there are plans to develop a new town in Bidadari that can house up to 12,000 units. The site, which is a former cemetery, is located near the business district and is serviced by two MRT stations.
“The government may need five to 10 years to remove all traces of the cemetery. It may need to perhaps change the name of Bidadari and it takes also about that length of time to gradually change the impression of many home buyers,” said Nicholas Mak, Executive Director at SLP International.
To contact the journalist, you may send your message to editor@propertyguru.com.sg
More from PropertyGuru:
BTOs going ahead despite poor response
Fun run organised to celebrate opening of HDB’s Punggol Waterway
HDB prices near new Circle Line MRT stations up 10%
HDB resale prices rise faster in Q3
Except for a project in Ang Mo Kio, which saw about six applicants for each three-room unit it offered, other BTO projects in areas such as Sengkang, Jurong East and Punggol drew less than three applicants per flat.
In November, the HDB will launch another 4,200 BTO flats.
The report added that there are plans to develop a new town in Bidadari that can house up to 12,000 units. The site, which is a former cemetery, is located near the business district and is serviced by two MRT stations.
“The government may need five to 10 years to remove all traces of the cemetery. It may need to perhaps change the name of Bidadari and it takes also about that length of time to gradually change the impression of many home buyers,” said Nicholas Mak, Executive Director at SLP International.
To contact the journalist, you may send your message to editor@propertyguru.com.sg
More from PropertyGuru:
BTOs going ahead despite poor response
Fun run organised to celebrate opening of HDB’s Punggol Waterway
HDB prices near new Circle Line MRT stations up 10%
HDB resale prices rise faster in Q3
No comments:
Post a Comment