BTO project in Punggol 6 times oversubscribed a day after launch SINGAPORE : The Housing and Development Board's (HDB) latest Build-To-Order (BTO) project, Waterway Terraces in Punggol, is six times oversubscribed, just a day after applications opened.
As published in Channel News Asia
01 Jul 2010 (Thursday)
Five-room flats are the most popular, receiving almost 1,800 applications for the 306 available flats.
Four-room and three-room units are also oversubscribed.
Four-room flats received 2,461 applications for 306 units, while 268 applications were received for the 178 available three-room units.
Waterway Terraces is Singapore's first waterfront public housing project.
Industry watchers said they expect the project to be more than 10 times oversubscribed.
HDB's other new BTO projects - Rivervale Arc and Fernvale Foilage, both in Sengkang - were less popular.
About half of the units in these projects received applications. - CNA /ls
Friday, July 02, 2010
BTO project in Punggol 6 times oversubscribed
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