Saturday, August 11, 2007

354 HDB Flats Open For Sale In Mature Estates

Source : The Straits Times, Aug 11, 2007

Available areas include Clementi, Marine Parade, Ang Mo Kio, Toa Payoh

THE Housing Board has launched the sale of 354 flats in established towns and estates such as Ang Mo Kio, Clementi, Marine Parade and Toa Payoh.

There are 188 four- room flats, 132 five-room flats and 34 executive flats on offer.

The HDB said the flats are in mature estates where there is a smaller supply of unsold flats available.

The availability of some of the flats in this latest batch is affected by ethnic quota restrictions.

Interested buyers can submit their applications online.

Once the application period closes next Thursday, HDB will conduct a computer ballot to determine the queue positions of applicants.

Those who miss the application period can submit their application online next Friday and will be given appointments to book a flat after those who had applied on time.

Unfurnished sample units will be open for viewing.

The sale, announced yesterday, is part of the August Bi-monthly Sale exercise for four-room and bigger flats.

This sale is the third such exercise under the combined balloting/ walk-in system which replaced the previous Walk-in-Selection system.

HDB also said that buyers in urgent need of housing can consider other locations and resale flats.

As of the end of last month, there were 278 flats available for immediate booking on a walk-in basis from the first Bi-Monthly Sale.

Those interested can approach the HDB sales office at the HDB Hub in Toa Payoh.

These flats will be withdrawn at the end of the month.

HDB had earlier provided more data on median resale prices and rental rates to add greater transparency to the market.

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