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20,691 apply for 2,132 ready flats

Posted on 15 Oct 2009 | Comments Off

THE Housing Board (HDB) has been swamped by 20,691 applications for 2,132 completed or near-completed flats – in a sign of red-hot demand for its homes.

Applications for the flats – which are at various locations across the island, including sought-after mature estates – closed yesterday.

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The eye-popping figures mean there were almost 10 bids for every available flat – an overwhelming level of demand not seen since the pre-financial crisis property boom, analysts say.

HDB said in a statement yesterday that it had ‘expected strong interest for these flats as they are limited in number, located in the popular mature estates, and are either completed or close to completion’.

About seven out of 10 applicants are first-time flat buyers, said HDB. But despite priority being given to first-timers, the chances of being short-listed to select a flat ‘will not be high due to the overwhelming response’, it said. Continue reading →

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Posted in HDB

Tagged HDB, HDB News, Sales of Balance Flats, SBF

Flats Offered under SBF Exercise

Posted on 2 Oct 2009 | Comments Off

A total of 2,132 flats are being offered under the SBF on Thursday.

Spread over 24 towns/estates, the flat supply comprises 121 units of Studio Apartments (SA), 58 units of 2-room, 345 units of 3-room, 1,184 units of 4-room, 281 units of 5-room, 32 units of Executive flats, as well as 77 and 34 units of S1 and S2 flats.

Prices start from $97,000 for SA, $111,000 for 2-room, $118,000 for 3-room, $178,000 for 4-room, $238,000 for 5-room and $324,000 for Executive flats.

Buyers looking for more affordable options can consider the flats at Jurong East and Jurong West, where prices of 2-room, 3-room, 4-room and 5-room flats range from $111,000 to $124,000; $118,000 to $227,000; $219,000 to $327,000 and $238,000 to $385,000 respectively.

At least 90 per cent of the flat supply (excluding SA) for Public Applicants will be set aside for first-timers. No additional chances will be accorded to repeatedly unsuccessful first-timers. Continue reading →