Fernvale Crest has thrice the number of applicants compared to units available

The Housing and Development Board’s (HDB’s) latest Build-To-Order (BTO) project in Sengkang has attracted almost thrice the number of applicants compared to units available.

Fernvale Crest has a total of 1,992 applications versus 700 units available.

Fernvale Crest has, by far, the most number of small flats in a BTO development.

Its two-room flats were the least popular, with 169 applications versus 140 units available, but they were nevertheless fully subscribed.

The four-room flats were nearly ten times oversubscribed, with 1,149 applications versus 188 units available.

A two-room flat costs S$74,000 to S$98,000, while a three-room flat costs S$116,000 to S$157,000, and a four-room flat costs up to S$250,000.

Source : Channel NewsAsia – 15 Jun 2009

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