Punggol Waterway flats 12 times oversubscribed

As published in The Straits Times
14 July 2010 (Wednesday)

THE first flats along the Punggol Waterway to be put up for sale have drawn overwhelming response, with the number of applications exceeding that of flats by more than 12 times.

Since the development was launched for sale on June 30, 13,285 people have submitted applications for the 1,072 flats in Waterway Terraces.

HDB said yesterday that it had expected strong interest for these flats as they are the first waterfront flats in Punggol, and are located within walking distance of the Punggol MRT station and other amenities.

Separately, 3,116 people applied for 1,624 flats in Fernvale Foliage and Rivervale Arc in Sengkang - two other developments that had also been launched on June 30.

This number is comparable with that for previous launches of developments in Sengkang, the HDB said.