The Housing and Development Board’s (HDB) latest Build-To-Order (BTO) project, Waterway Terraces in Punggol, is six times oversubscribed, just a day after applications opened.
Five-room flats are the most popular, receiving almost 1,800 applications for the 306 available flats.
Four-room and three-room units are also oversubscribed.
Four-room flats received 2,461 applications for 306 units, while 268 applications were received for the 178 available three-room units.
Waterway Terraces is Singapore’s first waterfront public housing project.
Industry watchers said they expect the project to be more than 10 times oversubscribed.
HDB’s other new BTO projects – Rivervale Arc and Fernvale Foilage, both in Sengkang – were less popular.
About half of the units in these projects received applications.
Source : Channel NewsAsia – 1 Jul 2010