Nautilus@Punggol project receives 1,540 applications

The Housing and Development Board (HDB) has received 1,540 applications for its Build-To-Order (BTO) project called Nautilus@Punggol.

The project, which consists of 519 four-room and five-room flats, is HDB’s latest BTO project and the first in Punggol.

Prices for the four- and five-room flats are expected to cost 20 to 30 per cent less than resale flats in the vicinity.

At the close of applications on Wednesday, HDB received more than 1,111 applications for its 4-room flats – double the number available.

It also received 429 applications for its 5-room flats, more than four times the number of units available.

Source : Channel NewsAsia – 9 Apr 2009

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