The Teck Whye outlook BTO (Build-To-Order) development in the non-established estate of the Choa Chu Kang was the utmost desirable in the HDB (Housing and Development Board’s) newest sales exercise, stated the New Paper in their report.
Actually, more than 2,400 applicants competed for the 322 units of 4-room and 3-room suites there as of 5pm on February 12 (Monday), meaning over 7 applicants vied for a unit. This exceeded that of Ubi Grove’s, one more BTO development in the established estate of Geylang that was anticipated to be prevalent with aspiring purchasers.
HDB launched its newest sales exercise on February 6 and it ended at twelve midnight yesterday.
As stated by Mr. Eugene Lim, the ERA Realty’s Key Executive Officer, the purchasers may have been strained by the development’s nearness to Bukit Panjang MRT Station.
One more motive is the reasonable prices there beginning from $190,000 for a 4-room unit (all-embracing of endowments) he said, adding that amounts of the same suites in Geylang’s Ubi Grove are by twice higher.
In the meantime, the Key Executive Officer of PropNex Realty, Mr. Lim Yong Hock features Choa Chu Kang’s high payment rate to a moderately lower source of BTO suites in Singapore’s western region within the area’s mounting population.
Even though there were 2 BTO project presentations in the west in previous year –Bukit Batok in August and Clementi in February– the units in the prior were costlier than those in Choa Chu Kang. For example, a 4-room flat in Teck Whye View begins from $250,000, whereas that in Clementi were valued from $432,000.