From iTODAY:Evelyn Lam and Sara Grosse | 4 Jun, 2013 9:51 PM
Only 82 applications made for 230 2-room flat units
SINGAPORE - As of 5pm today (June 4), the Housing Development Board has received only 82 applications for the 230 two-room flat units from the Build-To-Order projects announced in May, while three room and four room units are oversubscribed.
For example, at Spring Haven in Jurong West, there were 45 applications for 90 available two room units.
HDB has received 4,172 applications for the 4,900 units offered in the May 2013 BTO Exercise.
Analysts Channel NewsAsia spoke with said the government has stopped building two-room flats for at least 10 to 20 years, and has resumed supply to provide for the low-income in the the past two years.
Next month, singles above the age of 35 years old and earn up to S$5,000 a month will be allowed to buy new two-room BTO flats.
Analysts said this will prevent the oversupply of two-room flats but whether such flats will be popular with singles is still unknown.
Ref:CHANNEL NEWSASIA
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