20,394 applications received for 2,132 flats
Wed, Oct 14, 2009
AsiaOne
The Housing Development Board (HDB) has so far received 20,394 applications for 2,132 flats offered under its Sale of Balance Flats (SBF) Exercise, which was launched on 1 Oct this year.
The application period will close by midnight tonight (14 Oct).
According to a press statement released by HDB, about 7 in 10 applicants are first-time flat buyers who will be given priority. However, it acknowledged that their chances of being short-listed to select a flat "will not be high due to overwhelming response".
HDB encouraged first-time home-buyers to apply for the Build-to-Order (BTO) flats, which is the "main mode of flat supply".
Its records show that "96% of first-timers have been given a chance to select a BTO flat within two tries and 90% of our new flat supply are set aside for first-time home buyers."
HDB will be launching two new BTO projects with more than 1,000 flats in Sengkang and Jurong West this Friday (16 Oct).
It also plans to launch six BTO projects with 4,000 flats in Punggol, Sembawang, Bukit Panjang and Dawson Estates in Nov and Dec.
In the meantime, HDB stated that it will continue to monitor housing demand and ensure that there is sufficient flat supply for first-time flat buyers.