In the most recent HDB build-to-order (BTO) sales launch, 4-room flats in Geylang were oversubscribed by 3.4 times. The November sales exercise saw 7,344 applicants vying for 4,829 BTO flats at an oversubscription rate of at least 1.5.
Geylang flats favoured for their location
The 4-room units at Eunos Court were most popular with HDB applicants due to its proximity to the Eunos MRT Station. In addition, the area has not had many new launches of late. Tampines is another mature estate favoured by applicants.
In a BTO launch in May this year, Dakota Breeze which was also in Geylang, was oversubscribed by almost 5 times. Those hoping for a unit in this estate may have to wait until February 2018. The next BTO exercise will include 3,600 units in Choa Chu Kang, Geylang, Tampines and Woodlands.
Punggol’s popularity growing as next most-subscribed estate
Northshore Edge in Punggol was next on the popularity list with 823 applicants vying for 388 4-room and 5-room units. These new flats in Punngol will be built using the prefinished volumetric construction (PVVC) method which will potentially reduce construction time. While there has been some doubts over the quality of units finished using this new technology, it will mean applicants can get keys to their units sooner.
As seen from this latest exercise, location and price are still factors most crucial to buyers’ decision-making process. In this same launch, 3,401 sale of balance flats (SBF) units were offered. Together with next February’s launch, balance flats from previous SBF exercises will be re-offered for sale.