Source : The Straits Times, Apr 7, 2008
CITY View @ Boon Keng, a condo-like Housing Board project, has sold an additional 60 units under a walk-in selection process that ended yesterday.
In all, almost 520 units out of 714 have been sold, a spokesman for Hoi Hup Sunway Development told The Straits Times.
As for the remaining 190-odd units, the developer will decide how best to sell them. Meanwhile, the project is still open to the public for sale, he added.
Some 460 units were sold earlier under a different process that required balloting, as applications had outnumbered the units available. As it turned out, many successful applicants got cold feet, and there were excess units left after all buyers had been given a chance to buy the flats they wanted.
City View boasts condo-like features, such as timber floors, built-in wardrobes and air-conditioning. But they do not have more expensive common facilities like swimming pools.
The project, which comprises 72 three-room flats, 168 four-room flats and 474 five-room flats, can be bought only by families earning no more than $8,000 a month.
The units cost between $349,000 and $727,000 each.
The take-up for City View has been a major talking point because the overwhelming response from potential home buyers has not translated into actual sales.
About 3,500 applications for the flats were received by the time registration closed in January.
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