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HRD received 13000 applications for 4000 BTO flats

HRD received 13000 applications for 4000 BTO flatsHousing and Development Board had assigned 2 June as last date to register applications for its largest batch of Build-to-Order (BTO) 4000 flats. Around 13,000 home buyers will compete for 4000 BTO flats.

It was announced by National Development Khaw Boon Wan that at the end of the year, another 1000 flats will be released.

Launch of BTO flats will bring the total numbers of flats offered this year to 26,000 and this batch will come under a Sale of Balance Flats exercise. Initially there were 22,000 flats to be offered this year but it has been increased to 26,000 said by Mr Khaw.

He also said that latest application rates were "good and within expectation" - similar to April's figures but lower than the oversubscription by five times in February and seven times in March.

Highest demand was noticed in two BTO projects launched for last month as compared to the flats offered in Pasir Ris, Punggol and Woodlands.

GreenWood and GreenLeaf flats are four-five room flats received oversubscription about five and seven times, respectively. 257 two-room flats at Costa Ris in Pasir Ris have received 73 applications.

From so many years Tampines have not received any BTO launches and therefore industry players are happy to see such launches.

Tampines being the satellite town have greater chances of attracting more applicants as compared to the Pasir Ris BTO projects, reported by Dennis Wee Group director Chris Koh.