BTO projects continue to see strong demand

The two latest HDB Build-to-Order or BTO projects – Punggol Crest and [email protected] – are seeing strong demand.

The number of applications received so far was four times the number of units available. The more popular ones are the bigger flats.

There were some 2,600 applicants for 270 4-room units at Punggol Crest. The 372 4-room units on offer at Treegrove saw 2,390 applicants.

But the 2-room units at Punggol Crest are less popular. So far only 75 people applied for the 240 units.

The selling price for the Punggol Crest flats ranges from S$90,000 for a 2-room flat to S$301,000 for a 4-room flat.

For the Treegrove project, the price ranges from S$64,000 for a studio apartment to S$288,000 for a 4-room flat.

Applications for the two BTO projects close later Wednesday.

Source : Channel NewsAsia – 24 Feb 2010

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