If the recent Fernvale Ridge and Sembawang Ridgelodge launch is an indication of anything to come, then the future doesn’t look too bright for me when my time comes to apply for a flat myself.
FERNVALE RIDGE
# Five-roomers: 1,341 applications for 126 flats
# Four-roomers: 1,671 applications for 216 flats
# Three-roomers: 491 applications for 180 flats
SEMBAWANG RIVERLODGE
# Four-roomers: 1,234 applications for 220 flats
# Three-roomers: 278 applications for 86 flats
For every one flat, there’s six applicants on average. That’s mind boggling.
HDB cites the high number of application is due to the escalating prices of resale flats, and I reckon buyers are not swayed of the value for money for resale flats with the exorbitant rising prices of such flats.
Via ST
FRESH evidence has emerged of Singapore’s red hot property market with the Housing Board’s (HDB) latest launches attracting six applicants for every available flat.
A staggering 5,015 bids were received for 828 new flats in Sengkang and Sembawang by the application deadline of midnight on Monday.
The high level of interest outstrips that of recent years, when about four applications were typically received for each new flat, according to housing analysts.
Demand was particularly intense for five-roomers in Sengkang, where 1,341 applied for the 126 flats on offer – more than 10 applications for each flat.
This high level of interest follows January’s launch of four-roomers at Limbang Green at Choa Chu Kang, which attracted 14 applications for every flat.
And oh yeah by the way, electricity prices will rise from tomorrow, the fourth consecutive quarter they have risen. Singapore Power cites higher oil prices for the increment. I told you so right.
