{"id":112324,"date":"2019-11-13T10:45:39","date_gmt":"2019-11-13T03:45:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ang-mo-kio-bto-flats-expected-to-be-most-sought-after\/"},"modified":"2019-11-13T11:03:02","modified_gmt":"2019-11-13T04:03:02","slug":"ang-mo-kio-bto-flats-expected-to-be-most-sought-after","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ang-mo-kio-bto-flats-expected-to-be-most-sought-after\/","title":{"rendered":"Ang Mo Kio BTO flats expected to be most sought after"},"content":{"rendered":"


\nThe project\u2019s proximity to two MRT lines is seen as the main attractive points.\u00a0
\nThe 450 units in Ang Mo Kio are expected to be the most sought after in the latest Build-To-Order (BTO) sales exercise as they are the first flats to be launched within the mature estate in three years, reported The Straits Times.
\nThe last time Ang Mo Kio received new flats was in 2016, when 590 flats were offered.
\nWith unit prices starting from $170,000 for a two-room flexi unit and $451,000 for a four-room unit, the new BTO project \u2013 known as Yio Chu Kang Beacon \u2013 is expected to open next year. It is located near Yio Chu Kang MRT station on the North-South Line as well as the upcoming Lentor MRT station on the Thomson-East Coast Line.
\nWhile it is located outside the main Ang Mo Kio town centre, the project\u2019s proximity to two MRT lines is expected to be its biggest selling point, said experts.
\nIn fact, the four-room flats have already been oversubscribed as at 5pm on Tuesday (12 November), with 349 applicants for 235 flats.
\nOver in Tampines, the larger units at Tampines GreenSpring were also oversubscribed with the 218 four-room units receiving 377 applications. Its 193 five-room units also received 413 applications.
\nPropNex Realty chief executive Ismail Gafoor noted that the relatively low number of units offered in Ang Mo Kio, as compared with this year\u2019s previous BTO launches, will make the estate most sought-after this time.
\nERA Realty\u2019s head of research and consultancy Nicholas Mak expects both Ang Mo Kio and Tampines to be oversubscribed by five to eight times among first-time applicants. He believes that the three Tengah projects will more likely appeal to younger buyers who \u201cwant to buy into the future\u201d.
\nAmong the couples hoping to secure a unit in Ang Mo Kio is 29-year old Jacob Ong and his girlfriend of eight years. The couple had applied 10 times for flats in other mature estates like Bidadari to no avail.
\n\u201cWhat attracts us mainly is the location as it\u2019s close to the MRT station and to our parents\u2019 houses in Yishun and Bishan. We\u2019re definitely hoping to get a good queue number, but pretty sure it will be just as popular as Bidadari, if not more,\u201d said Ong.
\nMeanwhile, the Tengah projects, are also expected to be popular, especially among younger buyers who \u201cwant to buy into the future\u201d, according to Mr Mak. The 3 projects will be within walking distance from future MRT stations along the upcoming Jurong Region Line (JRL), and offer two-room flexi to five-room flats as well as three-generation flats. He added that the two-room flexi flats offered in the Tengah projects might appeal to retirees as they \u201ccan get their own flats near their children; it\u2019s a way of preparing for the changing demographic in Singapore.\u201d\u00a0
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Ang Mo Kio BTO flats expected to be most sought after<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The project\u2019s proximity to two MRT lines is seen as the main attractive points.\u00a0 The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112324","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tdG","jetpack-related-posts":[{"id":112306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8170-flats-in-november-sales-exercise\/","url_meta":{"origin":112324,"position":0},"title":"HDB launches 8,170 flats in November sales exercise","date":"November 12, 2019","format":false,"excerpt":"\r This includes 4,571 BTO flats in Tengah, Ang Mo Kio and Tampines, as well as 3,599 flats under the Sale of Balance Flats scheme within mature and non-mature estates, like Bishan and Clementi. Image: HDB The Housing and Development Board (HDB) launched 8,170 flats for sale in the year\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/robust-interest-for-larger-bto-flats-in-ang-mo-kio-tampines\/","url_meta":{"origin":112324,"position":1},"title":"Robust interest for larger BTO flats in Ang Mo Kio, Tampines","date":"November 20, 2019","format":false,"excerpt":"\r Competition for Tengah\u2019s bigger flats, however, was sparse. Image: HDB Bigger Build-to-Order (BTO) flats within the mature estates of Tampines and Ang Mo Kio proved to be a hit among homebuyers at a Housing and Development Board (HDB) sales exercise that ended on Monday (18 November), while smaller units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3095-flats-in-feb-sales-exercise\/","url_meta":{"origin":112324,"position":2},"title":"HDB launches 3,095 flats in Feb sales exercise","date":"February 11, 2020","format":false,"excerpt":"\r The flats are located across two housing projects in Toa Payoh \u2013 in Kim Keat and one near Caldecott \u2013 as well as in another project in Sembawang. Photo: HDB The Housing and Development Board (HDB) launched 3,095 Build-To-Order (BTO) flats during the first sales exercise of the year.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/","url_meta":{"origin":112324,"position":3},"title":"HDB launches over 7,800 flats in combined sales exercise","date":"August 12, 2020","format":false,"excerpt":"\r The flats range from two-room flexi to five-room flats to meet the diverse housing needs of singles, the elderly, first-timers and second-timer families. Photo: Parc Residences @ Tengah The Housing and Development Board (HDB) on Wednesday (12 August) launched 7,862 new flats for sale \u2013 its biggest Build-to-Order (BTO)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-works-on-ang-mo-kio-mrt-interchange-station-to-commence-in-q4\/","url_meta":{"origin":112324,"position":4},"title":"Construction works on Ang Mo Kio MRT interchange station to commence in Q4","date":"July 21, 2021","format":false,"excerpt":"\r The new CRL station will allow commuters to save 70 minutes of travel time between Ang Mo Kio and Aviation Park, bringing it to just 35 minutes. Travel time from Ang Mo Kio to Pasir Ris will also be reduced to 25 minutes from one hour. The Land Transport\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Cross-Island-Line-Extension-4-stations.png?fit=820%2C392&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":114363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/larger-bto-flats-most-popular-among-home-seekers\/","url_meta":{"origin":112324,"position":5},"title":"Larger BTO flats most popular among home seekers","date":"February 18, 2020","format":false,"excerpt":"\r Canberra Vista, the Build-To-Order (BTO) project in Sembawang saw over 10 applicants competing for each of the 266 units of five-room and three-generation flats. Bigger flats proved to be most popular among home buyers at this year\u2019s first sales exercise which concluded on 17 February. Canberra Vista, the Build-To-Order\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112324"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}