The latest series of public housing designed and built by a private developer has been oversubscribed five times.
City View@Boon Keng received over 3,500 applications in all, when submissions closed at midnight on Wednesday. 714 apartments were put up for sale by developer Hoi Hup. They were going at $520 per square foot.
All applications submitted will now be put through a ballot. Only 1,400 applicants will be successful and they are expected to be notified next month.
City View@Boon Keng is the second project under the Design, Build and Sell Scheme by the Housing Development Board.
The first project at Tampines was oversubscribed by 10 times. - CNA/ir
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