{"id":8221,"date":"2016-02-29T17:01:05","date_gmt":"2016-02-29T10:01:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/"},"modified":"2016-03-16T21:08:56","modified_gmt":"2016-03-16T14:08:56","slug":"5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/","title":{"rendered":"5-room Bidadari flats more than 75 times oversubscribed by 2nd timers"},"content":{"rendered":"


\nArtist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB
\nAs 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 for first-time buyers and 75.6 for second-time buyers, according to the HDB.
\nAn application rate of 75.6 means that for every one flat available, there are over 75 applicants vying for the unit.
\nIn mature estates such as Bidadari, up to 95 percent of the supply of three- to five-room flats are set aside for first-timers, while five percent are reserved for second-timers.
\nSo far, there are a total of 2,537 applicants for the five-room and 3Gen flats. The 71 3Gen flats at Alkaff Oasis are specially designed for multi-generation families, said the HDB.
\nThe project\u2019s four-room flats also attracted keen interest, with 4,018 buyers applying for the 800 units on offer, which translates to an application rate of five times.
\nMohamed Ismail, CEO of PropNex Realty, had earlier predicted that despite the higher prices, larger flats at Bidadari would be much sought-after due to its central location.
\nExcluding grants, prices start from $440,000 for the four-room, $546,000 for the five-room and $553,000 for the 3Gen flats.
\nEligible first-time buyers of the four-room flats will enjoy up to $55,000 in housing grants, and up to $10,000 for the five-room and 3Gen flats.
\nSituated at the junction of Bidadari Park Drive and Alkaff Crescent in Toa Payoh, Alkaff Oasis consists of 16 residential blocks with sky terraces and roof gardens. To encourage a \u2018green\u2019 lifestyle, the project will have several eco-friendly features, including motion sensor-controlled energy-efficient lighting at staircases, and regenerative lifts to reduce energy consumption.
\nIn its first BTO exercise of 2016, the Housing Board launched 4,170 flats for sale last Wednesday (24 Feb).
\nSpread across three projects in the estates of Bukit Batok, Sengkang and Bidadari, they make up the first crop of 18,000 flats that will be launched this year, the HDB said.
\nInterested applicants have until midnight of 1 March 2016 to apply for the flats, and can do so on the HDB InfoWEB.
\nThey are advised to apply for a BTO flat in the non-mature estates of Bukit Batok and Sengkang to increase their chances of securing units.
\nAbout 4,070 new flats will be offered in the next BTO exercise in May, noted the HDB.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…5-room Bidadari flats more than 75 times oversubscribed by 2nd timers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB As of 5pm...<\/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-8221","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\/p75ss1-28B","jetpack-related-posts":[{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":8221,"position":0},"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":120225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-bidadari-kallangwhampoa-community-care-apartments-oversubscribed\/","url_meta":{"origin":8221,"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":30964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-bidadari-from-graveyard-to-hot-property\/","url_meta":{"origin":8221,"position":2},"title":"Get the Guru View: Bidadari \u2014 From graveyard to hot property","date":"October 21, 2016","format":false,"excerpt":"\r Alkaff Vista, one of the new BTO projects in Bidadari. Source: HDB Despite a flurry of protests over the redevelopment of former cemetery Bidadari, plans\u00a0have continued rolling forward. Demand for the newly released BTOs currently exceed\u00a0supply, with plans for the estate\u2019s future an indication of the area\u2019s potential. by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/GV10601.png?fit=527%2C318&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-room-flats-in-kallang-attract-most-attention\/","url_meta":{"origin":8221,"position":3},"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":[]},{"id":55905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flats-in-bidadari-geylang-most-sought-after\/","url_meta":{"origin":8221,"position":4},"title":"BTO flats in Bidadari, Geylang most sought-after","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Despite 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. As of 5pm on Wednesday, the four-room units at the Dakota\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eye-on-bidadari-from-burial-ground-to-boomtown\/","url_meta":{"origin":8221,"position":5},"title":"Eye on Bidadari: From burial ground to boomtown","date":"February 22, 2018","format":false,"excerpt":"\r Artist\u2019s impression of HDB flats in the future Bidadari estate. Considered part of Toa Payoh, Bidadari has emerged as one of the most popular new housing estates in Singapore, with recent BTO flat launches proving hugely successful. By Joanne Poh There was an outcry when it was announced that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Gate-of-the-former-Bidadari-Cemetery-1024x685.jpg?fit=1024%2C685&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8221"}],"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=8221"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}