Friday, August 10, 2007

HDB Offers 354 More Flats For Sale

Source : The Straits Times, Aug 10, 2007













THE HDB 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 that 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 are affected by ethnic quota restrictions.

Interested buyers can submit their applications online.

Once the application period closes on 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.

They will then 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 on Friday, is part of the August Bi-Monthly Sale of four-room and bigger flats exercise.

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 end July, 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These will be withdrawn at the end of the month.

HDB had said earlier it will be providing more data on rents in HDB flats to add greater transparency to the market.

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