{"id":72375,"date":"2017-11-21T11:09:17","date_gmt":"2017-11-21T04:09:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/overall-subscription-rate-for-bto-flats-down-in-november\/"},"modified":"2017-11-21T12:03:20","modified_gmt":"2017-11-21T05:03:20","slug":"overall-subscription-rate-for-bto-flats-down-in-november","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overall-subscription-rate-for-bto-flats-down-in-november\/","title":{"rendered":"Overall subscription rate for BTO flats down in November"},"content":{"rendered":"


\nTampines GreenCourt is nestled within the tranquil living environment of Tampines North, with several nearby parks.
\nDespite the robust demand seen for three- and four-room flats in Tampines and Geylang, the overall subscription rate for Build-to-Order (BTO) flats continued to fall during the November sales exercise, reported Today Online.
\nAs at 5pm on 20 November (Monday), more than three applicants were vying for the four-room flats in Eunos Court at Geylang, or 1,848 applications for the 538 units offered.
\nThree-room flats in Tampines GreenCourt received 193 applications for the 186 units offered, while four-room flats in Northshore Edge at Punggol attracted 466 applications for the 192 units available.
\nPropNex\u2019s chief executive officer Mohd Ismail attributed the strong demand in Geylang to its location, which is \u201cmuch closer to town\u201d.
\n\u201cAlso, people understand that a flat with good location\u2026 when it matures after the five-year minimum occupation period\u2026 tend to have a huge capital appreciation.\u201d
\nAnalysts, however, noted a continuing downward trend in the number of applications received for BTO flats.
\nThe overall subscription rate for three-room and larger flats, for instance, fell to 1.5 from 1.7 during the August exercise. The rate stood at 2.9 in May and 3.3 in February.
\n\u201cOverall application rate is fairly low, less than two times. This implies that homebuyers\u2019 demand is been met,\u201d said ZACD Group executive director Nicholas Mak.
\n\u201cIf HDB were to increase the supply of BTO flats next year, it could possibly lead to a glut in the near future,\u201d he said.
\nAnother reason cited for the lower subscription rate is the volume of flats offered.
\n\u201cHomebuyers have a wide (variety of) choices, and there is relatively ample supply (of flats) this round\u2026 As long as HDB continues to provide adequate numbers, the subscription rate will tend to be relatively lower,\u201d said Ismail.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Overall subscription rate for BTO flats down in November<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tampines GreenCourt is nestled within the tranquil living environment of Tampines North, with several nearby...<\/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-72375","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-iPl","jetpack-related-posts":[{"id":71759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8230-flats-in-november\/","url_meta":{"origin":72375,"position":0},"title":"HDB launches 8,230 flats in November","date":"November 14, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenCourt BTO project. Source: HDB A total of 8,230 flats were launched for sale on Tuesday (14 November) by the Housing and Development Board (HDB) in its latest sales exercise. This comprises 4,829 Build-To-Order (BTO) units and 3,401 balance flats across 25 estates. The\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":72375,"position":1},"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":118234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-hdbs-latest-bto-exercise-oversubscribed\/","url_meta":{"origin":72375,"position":2},"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":79011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4381-hdb-flats-in-february\/","url_meta":{"origin":72375,"position":3},"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":110689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4089-flats-in-september-sales-exercise\/","url_meta":{"origin":72375,"position":4},"title":"HDB launches 4,089 flats in September sales exercise","date":"September 12, 2019","format":false,"excerpt":"\r A total of 3,373 Build-To-Order (BTO) flats were launched in Punggol and Tampines, which were spread across three projects \u2013 Punggol Point Crown, Punggol Point Cove and Tampines GreenGlen. The Housing Board launched 4,089 flats for sale on Wednesday (11 September), just a day after National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/larger-bto-flats-most-popular-among-home-seekers\/","url_meta":{"origin":72375,"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. 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