News: All flats in HDB’s latest BTO exercise oversubscribed

Aug 14, 2020

HDB has received a total of 17,947 applications a day after launch. 

The 7,862 new flats launched by the Housing and Development Board (HDB) on Wednesday (12 August) received robust interest from buyers, with all flats types being oversubscribed.

As of 11am on Friday (14 August), the two-room flexi flats registered an application rate of 1.4 or a total of 2,573 applications, while the three-room and bigger flats posted an application rate of 3.0 or a total of 17,947 applications.

In fact, the 163 two-room flexi flats at Keat Hong Verge in Choa Chu Kang received 286 applications or an application rate of 1.8, while Bishan Tower’s 120 units received 227 applications or an application rate of 1.9.

Demand for bigger flats was higher, with the five-room flats at Ang Mo Kio’s Kebun Baru Edge recording an application rate of 10.3. A total of 2,240 applicants were vying for the 438 five-room flats at UrbanVille @ Woodlands, and 1,245 applicants were battling for the 325 five-room flats at Pasir Ris’ Costa Grove.

Related article: August 2020 HDB BTO Launch: A Boon for Those Eyeing Mature Estates

Meanwhile, the four-room flats at Dakota One in Geylang also registered high application rate at 8.9 or 2,959 applications for the 334 units offered. Parc Residences @ Tengah’s four-room flats received 832 applications for the 281 units available or an application rate of 3.0.

For the three-room flats, UrbanVille @ Woodlands and Dakota One proved popular among buyers, with application rates for such flats at 3.2 and 3.9, respectively.

HDB launched a total of 11 housing projects across the non-mature towns of Tengah, Choa Chu Kang and Woodlands as well as the mature towns of Bishan, Ang Mo Kio, Pasir Ris, Geylang and Tampines. The application period for the flats will close on 18 August.

There is no Sale of Balance Flats (SBF) exercise for this month.

In November, HDB will offer around 5,700 Build-to-Order (BTO) flats in Bishan, Tampines, Sembawang, Tengah and Toa Payoh, of which those in Tengah will have shorter waiting time.

Another 3,500 BTO flats in Bukit Batok, Tengah, Kallang Whampoa and Toa Payoh will be launched in February 2021.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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