{"id":55905,"date":"2017-05-25T10:31:04","date_gmt":"2017-05-25T03:31:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flats-in-bidadari-geylang-most-sought-after\/"},"modified":"2017-05-25T10:42:39","modified_gmt":"2017-05-25T03:42:39","slug":"bto-flats-in-bidadari-geylang-most-sought-after","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flats-in-bidadari-geylang-most-sought-after\/","title":{"rendered":"BTO flats in Bidadari, Geylang most sought-after"},"content":{"rendered":"


\n\u00a0
\nDespite their higher prices, flats in the mature estates of Bidadari and Geylang attracted the most number of applicants in the Housing and Development Board\u2019s (HDB) latest sales exercise for Build-To-Order (BTO) flats, reported The New Paper.
\nAs of 5pm on Wednesday, the four-room units at the Dakota Breeze development in Geylang recorded over 3,100 applicants vying for around 670 flats, meaning there were about five applicants for each unit.
\nAt Bidadari\u2019s Woodleigh Hillside project, the 374 five-room flats there drew more than 1,700 applicants, signifying that there were nearly five buyers for each unit.
\nIn comparison, only 136 applicants competed for the 100 five-room flats in Yishun, the most popular in the north, translating to around 1.4 potential buyers for each unit.
\nMoreover, the BTO flats in Bidadari and Geylang were more expensive than those in Yishun and Woodlands. The two-room flexi units at the first two estates were respectively priced from S$169,000 and S$179,000, while a similar flat in Yishun costs S$77,000.
\nAccording to experts, the strong demand for BTO flats in Bidadari and Geylang was already anticipated due to their nearness to MRT stations. In fact, the Woodleigh Hillside project is located between the Bartley and Woodleigh MRT stations.
\n\u201cThe demand is expected because Bidadari is often touted as the next Bishan. The site is within walking distance of two MRT stations, and it is very near downtown Singapore. Inevitably, it will attract a lot of applicants,\u201d said ERA Realty Key Executive Eugene Lim.
\nMeanwhile, SLP International Research Head Nicholas Mak observed that the overall subscription rate in the latest BTO sales exercise seems to have declined.
\nAs of 5pm yesterday, there were 11,183 hopeful buyers for 4,802 BTO flats spread across six developments in Bidadari, Geylang, Yishun and Woodlands. This means there were 2.7 applicants per flat compared to over three applicants per unit in the BTO sales exercise six months ago
\n\u201cThis means that the demand for BTO flats is gradually being satisfied. When the subscription rate falls to about two, that is when every applicant will have a good chance and there is no strong pent-up demand for BTOs.\u201d
\n\u201c(By then), perhaps the government can then review the allocation proportion between first-timers and second-timers,\u201d he added.
\nHDB\u2019s latest BTO sales exercise started on 18 May and closed on midnight yesterday (24 May).
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…BTO flats in Bidadari, Geylang most sought-after<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Despite their higher prices, flats in the mature estates of Bidadari and Geylang attracted...<\/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-55905","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-exH","jetpack-related-posts":[{"id":55353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-bidadari-flats-most-popular-among-buyers\/","url_meta":{"origin":55905,"position":0},"title":"Geylang, Bidadari flats most popular among buyers","date":"May 19, 2017","format":false,"excerpt":"\r It has been three years since new flats were introduced within the Geylang area where Dakota Breeze and Pine Vista, two of this year\u2019s BTO project,\u00a0will be built in. (Image: HDB) Housing Board flats in Geylang and Bidadari attracted keen interest from buyers, with bigger units in Geylang\u2019s Dakota\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-bidadari-kallangwhampoa-community-care-apartments-oversubscribed\/","url_meta":{"origin":55905,"position":1},"title":"All flats in Bidadari, Kallang\/Whampoa, Community Care Apartments oversubscribed","date":"February 8, 2021","format":false,"excerpt":"\r All flats in Bidadari, Kallang\/Whampoa, Community Care Apartments oversubscribedThe 169 units of Community Care Apartments at Harmony Village @ Bukit Batok received 319 applicants as of 5pm on Friday (5 February), just a day after the launch. Competition for Build-to-Order (BTO) flats within the mature estates of Toa Payoh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/hdb-community-care-apartments.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":79011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4381-hdb-flats-in-february\/","url_meta":{"origin":55905,"position":2},"title":"HDB launches 4,381 HDB flats in February","date":"February 6, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenFoliage BTO project. (Photo: HDB) The Housing and Development Board (HDB) launched 4,381 flats for sale on Tuesday (6 February) under its latest sales exercise. This includes 3,664 Build-To-Order (BTO) and 717 balance flats. The BTO flats will be spread across five projects in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Feb-2018-BTO-prices-1024x685.jpg?fit=1024%2C685&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":55905,"position":3},"title":"HDB launches 8,748 flats for sale in May","date":"May 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Woodleigh Hillside BTO project in Bidadari estate. (Image source: HDB) The Housing and Development Board (HDB) launched 8,748 flats on Thursday (18 May) in its latest sales exercise. They comprise 4,802 Build-To-Order (BTO) units spread across six projects in Woodlands, Yishun, Bidadari (Toa Payoh) and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors\/","url_meta":{"origin":55905,"position":4},"title":"HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniors","date":"February 5, 2021","format":false,"excerpt":"\r HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniorsThe Kallang\/Whampoa and Toa Payoh projects are expected to be heavily oversubscribed, given their prime city fringe locations and\u00a0close proximity to MRT stations. Image: HDB In the first sales exercise of the year, the Housing and Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/","url_meta":{"origin":55905,"position":5},"title":"5-room Bidadari flats more than 75 times oversubscribed by 2nd timers","date":"February 29, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB As of 5pm on Monday (29 Feb), the 236 five-room and 3Gen flats at Alkaff Oasis in Bidadari have emerged as the most popular units in the February Build-To-Order (BTO) exercise, with an application rate of 7.6\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\/55905"}],"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=55905"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55905\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}