Tag Archives: HDB

The Housing & Development Board (HDB) says the chances of a first-time flat buyer shortlisted to select a flat under the first Sale of Balance Flats exercise is slim, despite the priority given to them.

This is due to the overwhelming response to the exercise which will end at midnight Wednesday. More than 20,000 applications were received as at 5pm for the 2,100 flats on offer.

About seven in ten applicants are first-time buyers. The rest have bought at least one flat in the past. Demand was high across the board, even in less mature and less centralised locations such as Bukit Batok, Choa Chu Kang and Woodlands.

Property analysts attributed the strong demand partly to the boom in the housing market. Continue reading →

The Housing Board advised first-time buyers who would like greater certainty in securing a flat to apply for the Build-to-Order (BTO) flats. — ST PHOTO: ALPHONSUS CHERN

AS AN indication of the red hot demand for public flats, the Housing Board (HDB) was swamped with 20,691 applications for its biggest sales exercise – 2,132 flats – in recent times on its closing day.

This means there are about 10 bids for every available flat. HDB said on Wednesday that it had ‘expected strong interest for these flats as they are limited in number, are located in the popular mature estates, and are either completed or close to completion’. Continue reading →