Source : TODAY, Tuesday, February 19, 2008
Nearly 10,000 applications have been received by the Housing and Development Board (HDB) for 278 four-room and bigger flats in its latest bi-monthly sale.
The flats are in popular, mature towns such as Toa Payoh and Tampines, where land is limited for new public housing.
The HDB advised prospective buyers with immediate housing needs to look to the resale market, where flats are available “across a wide range of location, design and price”. While resale prices have surged 17.4 per cent last year, there is a wide range of affordable flats, said the HDB, which noted that 25 per cent of resale transactions completed last month did not exceed $10,000 above valuation.
Flats in some Build-To-Order (BTO) projects, for those who can wait a few years, are also not taken up fully. The take-up rate is 94 per cent for Treelodge@Punggol, 66 per cent for Punggol Vista, 65 per cent for Fernvale Vista in Sengkang and 70 per cent for Coral Spring, also in Sengkang.
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