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Leftover flats most popular at HDB's latest flat launch

Published on Oct 4, 2012 6:00 AM
 
Out of the 7,000 flats on offer in the Housing Board's latest flat launch, leftover flats proved the most popular as applications closed on Wednesday. -- ST PHOTO: ALPHONSUS CHERN

Out of the 7,000 flats on offer in the Housing Board's latest flat launch, leftover flats proved the most popular as applications closed on Wednesday.

The number of interested home buyers per balance unit - flats either returned to the agency or with no takers - was 4.4. These included sought-after rarities, such as a three-room terraced house in Jalan Bahagia and a handful of units at Pinnacle@Duxton.

As for Build-to-Order (BTO) flats, the application rate was 2.4. Property market watchers say this turnout was expected, given the upward climb of resale prices so far this year.

Flash data released on Monday by the HDB showed resale prices for the third quarter grew a record 2 per cent.

 
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