{"id":63044,"date":"2017-08-08T09:30:12","date_gmt":"2017-08-08T02:30:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdbs-inaugural-re-offer-of-balance-flats-exercise-highly-oversubscribed\/"},"modified":"2017-08-08T09:39:29","modified_gmt":"2017-08-08T02:39:29","slug":"hdbs-inaugural-re-offer-of-balance-flats-exercise-highly-oversubscribed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdbs-inaugural-re-offer-of-balance-flats-exercise-highly-oversubscribed\/","title":{"rendered":"HDB\u2019s inaugural re-offer of balance flats exercise highly oversubscribed"},"content":{"rendered":"


\n\u00a0
\nThe first Re-offer of Balance Flats (ROF) exercise by the Housing and Development Board (HDB) was oversubscribed when it closed on Monday (7 August), with 5,587 applications received for the 1,394 units offered, reported Today Online.
\nFirst-time applicants accounted for almost 50 percent of the buyers at 2,647, while another 2,175 are second-timers. The remainder were singles and elderly buyers who have applied at least twice previously for a flat.
\nUnits offered included two-room flats from the Flexi Scheme for elderly Singaporeans, three- to five-room units as well as \u201cthree generation\u201d and executive flats. These units are spread across 26 housing estates, such as Bedok, Clementi, Ang Mo Kio, Bukit Batok, Woodlands and Serangoon.
\nSEE ALSO:\u00a0Seniors to look forward to nearly 11,000 new flats
\nHDB noted that the re-release of unsold flats is targeted at helping those with more urgent housing needs \u2013 as well as those who are less particular on location and attributes \u2013 to secure a flat quickly.
\n\u201cNow we introduce the ROF \u2026 if I was not successful in my last BTO or Sale of Balance flats (bid), I will go in for this one again because some of the flats are, maybe, in good locations or some are available in a shorter period of time (compared to BTO flats where you have to wait longer),\u201d noted Chris International director Chris Koh.
\nInternational Property Advisor chief executive Ku Swee Yong revealed that 70 percent of the units under the ROF exercise are \u201cready\u201d.
\n\u201cIt is probably indicative that there are some families whose needs are (a) little bit more urgent and they can\u2019t wait for four years (for a flat).\u201d
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB\u2019s inaugural re-offer of balance flats exercise highly oversubscribed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The first Re-offer of Balance Flats (ROF) exercise by the Housing and Development Board...<\/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-63044","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-goQ","jetpack-related-posts":[{"id":118234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-hdbs-latest-bto-exercise-oversubscribed\/","url_meta":{"origin":63044,"position":0},"title":"All flats in HDB\u2019s latest BTO exercise oversubscribed","date":"August 14, 2020","format":false,"excerpt":"\r HDB has received a total of 17,947 applications a day after launch.\u00a0 The 7,862 new flats launched by the Housing and Development Board (HDB) on Wednesday (12 August) received robust interest from buyers, with all flats types being oversubscribed. As of 11am on Friday (14 August), the two-room flexi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80973,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-re-offer-of-balance-flats-exercise-sees-robust-take-up\/","url_meta":{"origin":63044,"position":1},"title":"First Re-Offer of Balance Flats exercise sees robust take up","date":"February 26, 2018","format":false,"excerpt":"\r The HDB scheme aims to help young couples acquire their first home more quickly. The first Re-Offer of Balance Flats (ROF) exercise held last August witnessed a strong take up rate of 93 percent, reported Channel NewsAsia citing the Housing and Development Board (HDB). Out of the 1,394 flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":63044,"position":2},"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":[]},{"id":118293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylangs-four-room-bto-flats-14-times-oversubscribed\/","url_meta":{"origin":63044,"position":3},"title":"Geylang\u2019s four-room BTO flats 14 times oversubscribed","date":"August 19, 2020","format":false,"excerpt":"\r Parc Residences @ Tengah. Photo: HDB The Housing and Development Board\u2019s (HDB) four-room Build-to-Order flats in Geylang proved to be a hit among first-time homebuyers, registering an application rate of 14.1 as at 5pm on Tuesday (18 August). Known as Dakota One, four-room flats in the BTO project in\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":63044,"position":4},"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":61276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-bto-flats-with-shorter-waiting-time\/","url_meta":{"origin":63044,"position":5},"title":"HDB to offer BTO flats with shorter waiting time","date":"July 20, 2017","format":false,"excerpt":"\r \u00a0 To help young couples get their new homes sooner, the Housing and Development Board (HDB) will introduce a new sales mode for balance flats and will start the construction of select build-to-order (BTO) projects ahead of their launch. 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