October’s sales exercise is the first time that eligible singles can apply for two-room flexi flats in any location.
Central Trio @ AMK, one of the 15 BTO projects launched on Oct 16. HDB has received nearly 28,200 applications across all flat types as of 5pm on Oct 21.
BTO units closer to amenities such as MRT stations and town centres will fall under the Prime and Plus categories, which come with stricter resale conditions such as a 10-year minimum occupation period and a subsidy clawback of between 6 per cent and 9 per cent. It expects demand from singles to stabilise over time as the supply of two-room flexi flats increases.
For first-time families, the median application rate for three-room and larger flats stood at 2.1, slightly higher than the February and June 2024 launches, said HDB, adding that it expects the application rate to be lower than the pre-pandemic norm when the exercise closes.
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