Clementi, Punggol flats attract more flats at BTO sales exercise

Flats in Punggol and Clementi have emerged as the most popular flats in this year’s first Build-to-Order sales exercise.

The data on Housing and Development Board (HDB) shows that five-room flats at Punggol Northshore Cove had a subscription rate of 5.6 or 958 applications for the 170 units, while three-room flats at Punggol Waterway Sunrise had a subscription rate of 4.2 or 402 applications for 95 units.

713 Two-room Flexi flats in Punggol have received 2,894 applications.

HDB flats
The response from second-timer applicants was overwhelming with 31.1 applications for every unit offered to the group.

Buyers at Clementi mostly liked the 3Gen and five-room flats at the Clementi Peaks and Clemento NorthArc projects with a subscription rate of 4 or 2501 applications for the 619 units.

The response from second-timer applicants was overwhelming with 31.1 applications for every unit offered to the group.

Around 11,001 applications were received for the 3,343 three-room and larger flats launched in Tampines, Clementi and Punggol. This works out to a subscription rate of 3.3. Around 4,056 flats of six projects were launched last week are among the 17,000 flats set for the launch in 2017.

This exercise also gives the first time families an opportunity under the Fresh Start Housing Scheme to apply for a flat. The scheme aims to help second-timer families with young children living in rental flats to own a flat again.

Author
Deepti Kaul
Deepti Kaul – Senior Writer

Deepti Kaul has over a decade’s experience in journalism. She has worked with media giants like Hindustan Times, NDTV, India Today, IndiaTV and as a freelancer. She loves to write on Indians abroad, fashion, lifestyle,food, travel, showbiz, education, parenting while meeting people and experiencing different cultures.

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