Waterway Terraces BTO project sees huge interest

The HDB Build-to-Order (BTO) project in Punggol, Waterway Terraces, is proving a big draw for home buyers.

With hours to go before applications close, some 5,422 home buyers have indicated their interest to own one of the five-room units available.

That’s close to 18 times the number of such units on offer.

Demand was also high for the four-room units.

Close to 6,900 applications have been received so far – more than 11 times the 588 available units.

Three-room flats were also popular with home buyers.

Some 970 applications were received for the 178 units available.

The project is Singapore’s first public waterfront housing, consisting of 1,072 premium flats with eco-friendly designs and features such as rain gardens and solar power.

The development will be ready in the first quarter of 2015.

Two other BTO projects were launched in Sengkang – Rivervale Arc and Fernvale Foliage – at the same time.

These, however, were less well-received.

Some 3,120 applications were received for the 1,624 two-, three-, four- and five-room flats available.

Source : Channel NewsAsia – 13 Jul 2010

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