http://www.todayonline.com/singapore/robust-demand-bto-flats-second-time-buyers-singles
The latest Build-to-Order (BTO) exercise — which closed at midnight yesterday — continued to draw strong demand from second-time buyers and singles.
As of 5pm yesterday, there were 13,169 applicants for the 3,841 units on sale, including studio apartments, in six projects in Punggol, Sembawang, Toa Payoh, Woodlands and Yishun.
Overall, the application rates for first-timers (1.9) and second-timers (3.9) were about twice the rates for the BTO exercise in May which comprised four projects in Woodlands and Bukit Batok. The application rate for singles was 17.5, compared with 16 in the May exercise.
In particular, the Toa Payoh Apex project attracted a large number of applicants — the application rates for a four-room unit, for example, were 7.2 and 48.7 for first-time buyers and second-timers, respectively.
Analysts attributed the strong demand in the latest exercise to the fact that most of the projects were in estates with good amenities and infrastructure. Mr Nicholas Mak, executive director for research and consultancy at SLP International Property Consultants, said they were mostly within walking distance of an LRT or MRT station.
Mr Chris Koh, director of Chris International, also noted the attractiveness of Punggol, which will become Singapore’s largest housing estate over the next decade or so.
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