The 4,044 Build-to-Order (BTO) flats launched for sale on Wednesday under HDB’s sales launch in May 2015 have been oversubscribed 1.6 times as of 11am this morning, according to the housing board’s website.
So far, there are 6,530 applicants for the new flats.
The 229 four- and 156 five-room flats at Clementi Crest have emerged as the most popular units with the subscription rate at 2.7 and 3.7 respectively among first-timers, while for second-timers it is 16.1 and 43.7 respectively.
Prices after grants start from $463,000 for the four-roomers and $566,000 for the five-roomers.
Located in a mature estate along Clementi Avenue 3, Clementi Crest comprises 40-storey residential blocks that offer fitness corners and children’s playgrounds, while the first storey will house a childcare centre.
For flats in mature towns such as Clementi, at least 95 percent of the supply is set aside for first-timers, said HDB.
Interested applicants have until 2 June to apply for the new flats and can do so on the HDB InfoWEB.
Image: Artist’s impression of Clementi Crest BTO project.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
