Photo by nic chi on Unsplash

How hopeful homebuyers can secure a flat in HDB's largest BTO sales exercise 

HDB launched over 9,500 for sale across five towns in December. 

Homebuyers seeking to secure a flat during the Housing Development Board's (HDB) largest Build-to-Order (BTO) sales exercise should look into non-mature estates, according to real estate experts.

"It provides hopeful applicants with a higher chance of successfully securing a flat. With the recent revision in BTO allocation quota, first-time applicants have a higher chance in securing 3-room and larger flats," One Global Group said.

"Furthermore, projects in the non-mature estates offer bigger flat type such as 5-rooms. And they are more affordably positioned and generally have shorter waiting periods than flats in mature estates," the expert added.

OrangeTee said cash-strapped buyers and those who lack financial help can also purchase cheaper flats in non-mature estates, like the flats in Bukit Batok. 

"we may see more people buying flats in non-mature estates or selecting lower floor units or cheaper units in light of the [cooling] measures," OrangeTee said.

PropNex also believes that the "relatively more affordable entry prices" in Bukit Batok, as well as Tengah, will interest applicants.

Bukit Batok (790 flats) and Tengah (2,077 flats) account for about 30% of the total BTO flats offered in November.

Apart from those who have a tight budget, One Global Group said non-mature estates will also be attractive to young couples looking for an affordable BTO flat and who do not mind waiting for the neighbourhood to grow and develop. 

Amongst the non-mature estate projects, One Global Group expects Garden Waterfront I & II @ Tengah to be the most popular amongst applications for its shorter waiting time of 3.3 years and its location next to Hong Kah MRT station on the Jurong Region Line.

"Its location also grants residents unobstructed views of the Tengah Pond. The flats at Garden Waterfront I & II have also been designated as HDB’s first Construction Transformation Project (CTP) – which tests new construction technology, including beamless ceilings," the expert said
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Here’s what an advanced security firm looks like
AETOS offers training courses on security, technology, and facilities management. 
Why long-term investments are key to surviving inflation
BetterTradeOff CEO Laurent Bertrand recommends investing in alternative asset classes.
What hinders manufacturing firms from lowering their carbon footprint
Chevron Singapore Country Chairman Law Tat Win said the right policies and partnerships are needed for a cleaner energy shift.
Manufacturing