The May 2023 BTO Serangoon flats, Serangoon North Vista, were the most popular project of the exercise. We find out more about the 4 reasons why Singaporeans snatched up these flats in the recent HDB BTO exercise.
As we predicted, the May 2023 Serangoon BTO launch was the most oversubscribed project for this launch.
Now on to the reason why you’re reading this article in the first place: why did so many people bid for the Serangoon May 2023 BTO flats? Here are the main reasons:Close to cafes and eateries and the well-known Chomp Chomp Food CentreLike many older, mature estates in Singapore, Serangoon is an area with larger middle-aged and elderly populations. Those aged around 50 will likely have children of marriageable age.
Since Sabrina and her partner live within 4km of their families, they meet the criteria for the Married Child Priority Scheme . Hopefully, this will give them a better chance of successfully securing a ballot!A 4-room flat in the May 2023 Serangoon BTO launch sits in the price range of $397,000 to $496,000, excluding grants. Depending on their income level, first-timer families may qualify for an Enhanced CPF Housing Grant of up to $80,000 to offset the cost of their BTO flat.
“It’s likely because there are currently no nearby MRT stations… yet! The Serangoon North MRT Station on the Cross Island Line is set to open in 2030 and is a 10-minute walk from the site.
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