Contrary to expected values, new Real estate Board houses in Tampines were not the most notable draw in this kind of month’s Build-to-Order (BTO) introduction, which closed down at midnight.
Rather, Buangkok Woods in Hougang was the most popular project, with 4. 4 applicants for each three-room flat and 4. a few for each four-room flat as of 5pm yesterday.
There were 1 . 3 to 2 . a few applicants for each available unit in Tampines, depending on flat type. This was also generally lower than application rates in the non-mature estates of Yishun and Sembawang.
Mature towns, as classified by the HDB based on when they were developed, are usually the most popular in BTO launches due to their generally more central locations and established amenities.
In May, for example , applications for flats in Ang Mo Kio and Bedok far outstripped those intended for flats in Bukit Panjang and Sembawang.
Experts said the high supply of Tampines flats might explain the lower application rates this time.
There were 2, 736 units launched in Tampines and 1, 325 models – not including two-room flexi flats – across three non-mature estates.
First-timer application rates intended for Tampines are still oversubscribed despite the high supply, pointing to relatively good demand for flats in Tampines.
One first-timer is Mr Fang An Da, 27, who applied for a Tampines four-room flat with his wife. Said Mr Fang, who is self-employed: “It is a little bit expensive but the location is nice, that is why we chose it. ”
Also, the absolute number of applicants is highest for Tampines. Mature estates will continue to be more popular due to the lack of available land for new housing units.
For some buyers, price is a factor.
“I would have liked Tampines, but it is more expensive since we are getting a four-room flat, ” said technician Abdul Hadi Ali, 28, who applied for a Hougang four-room unit.
The starting price for a four-room flat before grants is $289, 000 in Tampines, but $255, 000 in Hougang.
Mr Yeo Boon Kwee, 64, is applying for a two-room flexi unit in Hougang as it is more affordable than a larger flat. Such models start at $79, 000 just before grants. “Hougang is more central than Yishun, ” this individual said.
Two-room flexi equipment remained well-known in this month’s BTO work out, with 6 and installment payments on your 5 people per device in Hougang and Yishun respectively. These kinds of units have been around in high demand seeing that singles had been first permitted to buy them in July 2013.
Buyers able to pay more could be waiting for apartments in Bidadari, which is even more central.
One of these is entrepreneur Peter Quah, 72, exactly who said: “Tampines is so far. ” He’s waiting for another BTO in November rather.
Apart from two, 180 apartments in Punggol, the Nov launch offer homes in three an adult estates: you, 660 in Bedok, you, 000 in Bidadari — which is thought to be part of Toa Payoh — and two hundred fifty in Kallang/Whampoa.