Friday, January 18, 2008

Applications For Over Half Of HDB Surplus Flats On First Day Of Launch

Source : Channel NewsAsia, 17 January 2008

The Housing and Development Board on Thursday launched the sale of more than 1,000 surplus flats available from the Selective En bloc Redevelopment Scheme (SERS) under the Balloting Exercise.

By 5pm, applications were received for more than half of the number available.

676 applications were submitted for 1,098 surplus units in Bedok, Clementi, Queenstown and Jurong West.

Their prices range between $282,000 and $335,000 for a four-room flat in Bedok and between $310,000 and $400,000 for a four-room flat in Queenstown.

The units comprise 234 studio apartments in Queenstown and Jurong West, 164 units of three-room flats, 516 units of four-room and 184 units of five-room flats in Bedok, Clementi and Queenstown.

Interested buyers have until 6 February to submit their applications. - CNA/ir

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