There were 16,993 applicants in all, with an overall application rate of 3.8 times.
SINGAPORE: The response to the February launch of Build-To-Order flats has been"measured" and this could be due to the less attractive locations of the developments in the non-mature estates, analysts said.
There were 16,993 applicants in all, resulting in an overall application rate of 3.8 times. For first-timer families, the application rate for three-room and larger flats ranged from 0.6 to 3.4, with most projects garnering 1.5 to 2 times the number of applicants for one flat. CEO of PropNex Realty Ismail Gafoor said that the overall application rate is"quite measured" compared with recent BTO launches.
The location of Jurong West Crystal in this launch is not as attractive the previous Lakeside View BTO launched in May last year, said Mr Mak. The most popular projects in this launch were Farrer Park Fields, a PLH project, and Rajah Summit in the mature estate of Kallang Whampoa. The application numbers for the two were combined.
The last time HDB launched a BTO project in Bedok was in November 2016 and for Serangoon, it was even longer ago, in January 2014, he said.
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