Source : Channel NewsAsia, 05 January 2008
Some 8,000 people were at the sales launch of City View @ Boon Keng, the second batch of condo-style public apartments under the HDB's Design, Build and Sell Scheme.
And so far 1,100 people have applied to buy their dream homes in the 714-unit development, undeterred by the high average cost of $520 per square foot.
City View @ Boon Keng is located on the city fringes and is within walking distance of the Boon Keng MRT station.
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At 40 storeys high, the development also promises a fantastic view of the city.
But some potential buyers are interested in the project's location.
"Location wise, it's good. This is near my mum's house, within 2km, worth a try," said a potential buyer.
"I'm used to living in this area. If I want to get a private condominium in this area, it's very expensive. So I thought that I want to give it a shot here," said another potential buyer.
But some find the price expensive. "It's a bit too expensive. We'll see how it works within our budget. Maybe, we can get a lower-floor unit," said a visitor to the show flats.
The closing date for applications to buy the apartments is 16 January, and the results will be made known within six weeks. - CNA/ir
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