As at 5pm on Thursday, 2,390 applicants had applied for the 129 five-room flats in the Serangoon North Vista BTO project Read more at straitstimes.com.
, signalling a pent-up demand in the mature estate that had not seen new flats launched for about nine years.
Huttons Asia senior director of research Lee Sze Teck said the “rare” BTO project in Serangoon is attractive to first-timer families who hope to live in an area near their family. The third project in a mature estate – Farrer Park Arena – drew more than two first-timer applicants for each of its four-room flats. However, first-timer applicants gunning for a three-room flat in the same project will likely be able to book a flat as demand remains muted.
One of the two developments in the area – Parc Meadow @ Tengah – will be situated within 1km of the future Anglo-Chinese School Primary school when it moves to the town in 2030.An artist’s impression of Plantation Verge. PHOTO: HDB This is comparable to the past two BTO launches in February 2023 and November 2022, which were “generally lower” than the application rates of BTO sales exercises launched since the start of the Covid-19 pandemic in 2020, said the board.
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