Fewer applications for BTO flats in November but demand remains strong & More Trending News

 

But with solely 477 flats on supply in Kallang, and three,030 in the three Queenstown estates, the general utility price for Kallang is way larger. The utility price for four-room flats in Kallang is 11.3, whereas it’s 2.3 for Queenstown.

Those making use of for three-room flats in Queenstown are assured of a unit as the speed is beneath 1 (0.9), whereas there are 7.6 candidates for every three-room flat in Kallang.

Tengah can also be a well-liked alternative, with 5,108 candidates. HDB has additionally stated that Tengah tasks shall be prepared sooner, with the shortest ready time for this launch at about 3.3 years, or 40 months.

“We think the shorter waiting time of 40 months – the shortest among the BTO projects in this exercise – may be a key factor in its popularity with applicants,” stated Mr Ismail Gafoor, CEO of PropNex Realty.

“This perhaps indicates that some first-timers are prioritising getting the keys to their home as soon as possible, rather than the prospect of landing a flat in more central locations.”

He added that some would-be candidates could have been delay by the lengthy ready instances for PLH tasks – that are the lengthiest among the many tasks supplied this time.

Ulu Pandan Banks in Queenstown, for occasion, would take nearly six years to finish. The different estates in the launch, apart from Tengah, have ready instances of between 4.4 to five.6 years.

Fewer applications for BTO flats in November but demand remains strong

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Fewer applications for BTO flats in November but demand remains strong

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Fewer applications for BTO flats in November but demand remains strong

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