{"id":121539,"date":"2021-08-19T02:03:22","date_gmt":"2021-08-18T19:03:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-bto-exercise-sees-higher-demand-for-bto-flats-in-non-mature-estates\/"},"modified":"2021-08-19T11:04:46","modified_gmt":"2021-08-19T04:04:46","slug":"august-bto-exercise-sees-higher-demand-for-bto-flats-in-non-mature-estates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-bto-exercise-sees-higher-demand-for-bto-flats-in-non-mature-estates\/","title":{"rendered":"August BTO exercise sees higher demand for BTO flats in non-mature estates"},"content":{"rendered":"


\n11,420 applicants applied for the 459 four-room units available at Hougang Citrine and Kovan Wellspring. Source: HDB
\nThe Housing and Development Board\u2019s (HDB) latest sales exercise saw greater demand for Build-To-Order (BTO) flats within non-mature estates, with four-room flats in Hougang registering the highest demand, reported Channel News Asia (CNA).
\nOf the three BTO exercises conducted this year, this was the first time demand for HDB flats in non-mature estates outstripped those in mature estates.
\nThis comes as mature towns traditionally command higher demand due to their amenities, said ERA Singapore Chief Operating Officer Thomas Tan.
\nThe August 2021 BTO sales exercise also registered the highest number of applications since August last year, which was the first BTO launch following the COVID-19 Circuit Breaker.
\nFor instance, the 459 four-room units in Hougang received over 11,400 applications, which means every applicant only has a 4% chance of securing a unit.
\nAmong the key draws of Kovan Wellspring is its location next to the MRT station, said Huttons Asia Senior Director of Research Lee Sze Teck.
\nOrangeTee & Tie\u2019s Senior Vice President of Research and Analytics Christine Sun noted that the Kovan development is also \u201chighly popular\u201d, given the limited number of new BTO flats within the area.
\nFor Hougang Citrine, she pointed to the development\u2019s proximity to Maris Stella High and Paya Lebar Methodist Girls\u2019 School, which are both choice primary schools that are \u201cpopular among parents\u201d.
\nFour-room units at Toh Guan Grove in Jurong East also witnessed huge demand, with the 240 units receiving 3,628 applications. This means every applicant only has a 6.6% chance of clinching a unit.
\nLee and Sun said demand in Jurong East had been \u201cpent-up\u201d since there have not been many BTO launches within the area.
\nIn fact, this is the first BTO project to be launched in Jurong East in 10 years, and it is also near a station on the future Jurong Region Line.
\nBoth Toh Guan Grove and Hougang Citrine have a relatively shorter average construction period of about four years.
\n\u201cThe shorter construction period is the draw and the cash over valuation in the resale market is the push,\u201d said Lee as quoted by CNA.
\nOverall, the three-room or larger BTO units in non-mature estates received more than 18,600 applications, even as only 1,064 flats were offered. This translates to more than 17 applicants for each unit.
\nOver in the mature estates, the 2,883 three-room or bigger flats offered in Queenstown, Tampines, and Kallang\/Whampoa drew almost 15,000 applicants or about five applicants for each unit.
\nThe 226 four-room units in Towner Residences in Kallang\/Whampoa posted the highest demand within the mature estates, with 1,928 applications received or more than eight applications for each unit. This means each applicant gets an 11.8% chance of securing a unit.
\nThe 534 units at the Queen\u2019s Arc development attracted over 4,000 applicants, which means each applicant have a one in eight chance of success.
\nSun described the higher demand for a BTO unit within non-mature estates as \u201can exception rather than the norm\u201d.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…August BTO exercise sees higher demand for BTO flats in non-mature estates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

11,420 applicants applied for the 459 four-room units available at Hougang Citrine and Kovan Wellspring....<\/p>\n","protected":false},"author":1,"featured_media":121540,"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-121539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/HOUGANG-CITRINE-BTO-AUGUST-2021.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vCj","jetpack-related-posts":[{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":121539,"position":0},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-new-bto-projects-in-mature-estates-increased-by-almost-50-says-hdb\/","url_meta":{"origin":121539,"position":1},"title":"Number of new BTO projects in mature estates increased by almost 50%, says HDB","date":"July 26, 2021","format":false,"excerpt":"\r In the last four years, almost 25,600 BTO flats were offered within older residential areas such as Queenstown, Bukit Merah, Tampines, Toa Payoh, Ang Mo Kio, Bishan and Clementi. The Housing and Development Board on Sunday (25 July) said the number of new Build-to-Order (BTO) projects in mature estates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BTO-FLAT-hdb.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-bto-flats-in-dover-forest-expected-to-be-high\/","url_meta":{"origin":121539,"position":2},"title":"Demand for BTO flats in Dover Forest expected to be high","date":"August 2, 2021","format":false,"excerpt":"\r Demand for BTO flats in Dover Forest expected to be highPrices\u00a0for the BTO flats in Dover Forest is expected to be close to the launch price of the Bukit Merah BTO exercise in May 2021, with 4-room flats starting around $600,000 to $700,000. Photo: Google Street View The upcoming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/dover-forest-google-street-view.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-new-flats-in-mature-estates-may-boost-resale-prices\/","url_meta":{"origin":121539,"position":3},"title":"Strong demand for new flats in mature estates may boost resale prices","date":"July 26, 2021","format":false,"excerpt":"\r Strong demand for new flats in mature estates may boost resale pricesHowever, the popularity of public housing within mature estates is apparent for BTO flats only. The top five neighbourhoods for resale flats were a mixture of mature and non-mature estates. Some property experts believe the strong demand for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/New-HDB-flats-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35462,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-10118-flats-in-november-sales-exercise\/","url_meta":{"origin":121539,"position":4},"title":"HDB launches 10,118 flats in November sales exercise","date":"November 23, 2016","format":false,"excerpt":"\r New HDB flats accounted for more than half of the units launched for sale.\u00a0 The Housing and Development Board (HDB) launched 10,118 flats for sale on Tuesday (22 November) in its largest sales exercise in 2016. Build-To-Order (BTO) flats accounted for more than half of the units launched for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-room-flats-in-kallang-attract-most-attention\/","url_meta":{"origin":121539,"position":5},"title":"4-room flats in Kallang attract most attention","date":"November 23, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Kallang Residences, a new BTO project located near Kallang MRT station. Source: HDB The 4-room Build-To-Order (BTO) flats in Kallang have emerged as the main attraction in the latest exercise by the Housing and Development Board (HDB), with 271 applications submitted for the 158 units during\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\/121539"}],"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=121539"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/121540"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}