Source : The Straits Times, Oct 11, 2007
THE Housing Board has been flooded with applications for 489 flats in the north and west zones which went on sale yesterday.
In a testament to an increasing demand for homes, more than 1,600 applications were submitted for the flats by 5pm yesterday - just hours after they went on sale.
The figures were disclosed on HDB's website (www.hdb.gov.sg) which offers regular updates.
The sale is under an HDB scheme to offer flats that are four rooms and bigger for sale every two months. The units include new, unsold and repurchased units as well as showflats.
The latest launch is the fourth one this year, and offers 129 four-room, 138 five-room, and 222 executive flats. They are located in eight towns, including Bukit Batok, Bukit Panjang, Choa Chu Kang, Jurong East, Sembawang and Yishun.
The prices of the flats range from a low of $118,000 for a four-room flat in Yishun or Jurong East, to a maximum of $362,000 for an executive flat in Sembawang, and $440,000 for the same in Jurong East.
Interested buyers can submit their applications online before next Tuesday.
They can also view sample units - located in Sembawang and Jurong West - daily until Oct 23, after which they will be open only on weekends until Dec 9.
Four of these are furnished showflats which are available for sale at a premium. The HDB said more than 70 such showflats have been sold so far.
This latest sale comes after a recent announcement by the HDB earlier this month that it will offer 6,000 new flats over the next six months.
This followed government flash estimates for the three months ended September showing a surge in prices for mass-market homes, which are finally catching up with that of luxury homes.
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