SG: Onset Failure of public housing?
Can govt meet demand for public Housing?
"1,600 applns for 489 flats in hours, almost 2 more weeks of
applications to go..."
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Oct 10, 2007
Over 1,600 apply for 489 HDB flats up for sale
Applications came in hours after the flats in the north and west
zones were put on sale.
By Jessica Cheam
THE Housing Board (HDB) has been flooded with applications for 489
flats in the North and West zones which went on sale on
Wednesday.
Reflecting the surging demand for homes, more than 1,600
applications were received by 5pm - just hours after they were put
on sale.
The figures were given on HDB's website (www.hdb.gov.sg) which
offers regular updates.
The sale is under an HDB scheme to offer four-room and bigger flats
for sale every two months.
The units include new, unsold, repurchased and show flats.
On sale in the latest launch, the fourth this year, are 129
four-room, 138 five-room, and 222 executive flats.
They are located in eight towns, including Bukit Batok, Bukit
Panjang, Choa Chu Kang, Jurong East, Sembawang and Yishun.
The prices of the flats range from $118,000 for a four-room flat in
Yishun or Jurong East, to $362,000 for an executive flat in
Sembawang, and $440,000 for a similar unit in Jurong East.
Interested buyers can submit their application online before Oct
16.
They can also view showflats and sample units in Sembawang and
Jurong West daily until Oct 23, after which it will be open only on
weekends until Dec 9.
Four of these are new, furnished showflats which are available for
sale at a premium.
The HDB said more than 70 such showflats have been sold so
far.
This latest sale comes after an announcement by HDB earlier this
month that it will offer 6,000 new flats over the next six
months.
Government flash estimates for the three months ended September
showed a surge in prices for mass-market homes, which are finally
catching up with luxury homes.
http://www.straitstimes.com/Latest%2BNews/Singapore/STIStory_165729.html?vgnmr=1
