Bigger BTO flats in Bishan and Toa Payoh heavily oversubscribed
SINGAPORE – Larger Build-To-Order (BTO) flats in Bishan, as well as Toa Payoh (Bidadari), have been oversubscribed simply one day after their launch, also as customers faced concerns sending applications on the Housing Board website.
The HDB site was hit with problems for greater than a 24-hour after it introduced some 5,700 BTO apartments and 5,220 Sale of Equilibrium Flats (SBF) at 10 am on Tuesday (Nov 17).
At midday on Wednesday, the HDB said in a Facebook article that the problems had been solved and e-services were readily available on its web site.
Affected buyers had grumbled on Facebook that they were not able to make payment of the $10 management fee to obtain a flat or were uncertain if their settlement had actually experienced.
The HDB did not specify the cause of the problems.
Regardless of the internet site problems, the larger apartments in the mature estates of Bishan and also Toa Payoh were currently heavily oversubscribed simply eventually into the one-week sales workout.
At 5pm on Wednesday, five-room apartments in Toa Payoh’s Bartley Sign housing project were the most sought-after, with greater than 5 applicants vying for each of the 144 offered devices.
Prices for these apartments begin with $627,000, leaving out gives, making them one of the most costly systems in this launch.
The total amount of 910 four-room apartments as well as 184 three-room apartments in Bartley Beacon as well as ParkView @ Bidadari and Parc Central Residence – the various other BTO task in Toa Payoh – were not yet oversubscribed as of Wednesday evening yet are expected to see more demand in the coming days.
The following most preferred task is the Bishan Ridges, with around two candidates trying each of the readily available devices. Its 1,222 four-room apartments drew 2,606 applicants while its 124 three-room flats drew 233 candidates.
Customers in Bishan Ridges, which is within walking range of Bishan MRT station, will certainly have to wait for the lengthiest for the apartments, with an approximated completion date in the second quarter of 2026.
In Tampines, the 360 four-room apartments as well as 244 five-room apartments at Tampines GreenEmerald were likewise oversubscribed, attracting 534 and also 356 applicants specifically.
The need was equally as high in the non-mature estate of Sembawang, where the 84 three-room, 238 four-room and 184 five-room apartments were around two times oversubscribed.
Tengah’s 2 housing projects – Yard Court @ Tengah and also Garden Balcony @ Tengah – confirmed the least preferred so far, drawing simply around the very same number of applicants as the readily available flats for four-room and also five-room level kinds.
The 218 three-room apartments in Tengah attracted just 98 applicants.
Flats in Tengah will certainly be the earliest to be all set in this launch, around the very first quarter of 2024.
Applications for the flats close on Nov 23. The flats will be allotted through balloting.
In February following year, the HDB will certainly introduce some 3,500 apartments in Bukit Batok, Tengah, Kallang/Whampoa, and also Toa Payoh (Bidadari). One more 3,800 apartments will be supplied in Bukit Merah, Geylang, Tengah as well as Woodlands next May.
One Pearl Bank Showflat is open for online booking. You can now register online to receive direct developer discount offers and prices.