Large number of balance flats in 2 towns

Those hoping for a Housing Board flat in some of Singapore’s most desirable estates may have their best bet yet in the HDB’s latest Sale of Balance Flats (SBF) exercise yesterday.

In addition to 4,802 Build-to-Order (BTO) flats, the HDB is offering 3,946 flats in 11 young towns and 14 mature estates. These are units that have remained unsold from previous launches.

Two towns stand out for the relatively large number of balance flats on offer: Queenstown with 523 units, and Kallang/Whampoa with 263 units. Both are mature estates close to the city centre.

The number of flats is comparable to some smaller BTO projects. For example, the HDB also launched Pine Vista in Geylang, a BTO project with 319 units, and Forest Spring @ Yishun, which has 756 units, yesterday.

Typically, mature estates will see tens of units on offer, not hundreds, R’ST Research head Ong Kah Seng said yesterday. “For a mature location to have a few hundred flats is a bit abnormal.”

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