Record 43.3 applicants vie for each four-room BTO flat in Bukit Merah
The four-room Build-To-Order apartments in Bukit Merah obtained overwhelming demand from homebuyers even though as the flats are one of the most expensive in May 2021’s purchases operation.
Situated inside of the matured area of Bukit Merah, Telok Blangah Beacon gained 43.3 candidates for each and every 4 room unit, the highest document figure for these apartments recently.
Lee Sze Teck, Dir of Research Study at Huttons , observed that “around Thirty first-timer individuals and 4hundred second time prospects are trying to get the low supply of apartments”.
The 175-unit property is positioned close to Telok Blangah Mass Rapid Transit station, with the three-room units priced from $419K (not including assistances), while prices for the four-room apartments began at $6hundred 2K (counting out assistances). It is the first Build-To-Order property amongst the region ever since 2013, when Telok Blangah Parcview got released.
Lee associated the immense request to the project’s central place in a cultured area. Telok Blangah Beacon is moreover closest to the future GSW.
“Yet paying $Seven hundred Ten thousand and even a delay of more than five years is no deterrent to prospective buyers who prefer the location including the potential upside of the transform in years to go,” Lee revealed.
Last month’s May’21 BTO deals routine saw HDB launch Three thousand Eight hundred Seventy Nine BTO apartments through four property properties in 4 zone: Bukit Merah, Geylang, Tengah, plus Woodlands.
Housing and Development Board also launched 2thousand 4hundred 94 units following its SBF operation. Lee documented that May’s Sale of Balance Flats routine observed a somewhat increased requisition speed contrasted to the previous movement in Nov past yr.
“This is probably because of the postponements in completion of Build-To-Order apartments furthermore the cash-over-valuation in which purchasers of resale flats will have to hand over from the lock down,” shared Lee.