APPLICATIONS for the build-to-order (BTO) Punggol Residences flats have been flooding into the Housing Board (HDB).
As at 5pm yesterday, the HDB had received 5,215 applications for the 769 flats on offer at the Punggol site.
This works out to a subscription rate of 6.7 times for the development, which comprises 615 four-room and 154 five-room flats. There were 3,609 applications for the four-room flats and 1,606 applications for the five-room units.
The deadline for applications is midnight on Aug 12.
An HDB spokesman said: ‘The strong interest shows that home-buyers recognise that HDB’s latest project offers good value for money.’
Punggol Residences, situated at the junction of Punggol Walk and Punggol Field, is located within the precincts of the future Punggol Town Centre. Continue reading
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