Sun Plaza Spring in Tampines launched under the August BTO exercise

It was August 20, 2022 when the BTO exercise ended on September 5th, with 39,136 requests in the 4993 units put up to sell. This is 30% over the 27,000 applicants who applied in May’s BTO exercise, when the exercise was launched with 4,583 units according to Christine Sun, senior vice head of analytics and research of OrangeTee & Tie.

Copen Grand showflat location is situated at the heart of Tengah Town. So, residents will be within a short distance of a plethora of amenities and facilities of all kinds.

Sun believes that the greater quantity of applicants could indicate an increase in buyers who are turning to BTO. Sun believes that the higher number of applicants could be a result of more buyers BTO market, considering that BTO units are less expensive than the increasing rates of resale flats as well as private residences. “There aren’t any new launches of private homes in the last few months. So, buyers have limited options when it comes to housing, especially for those with cash issues,” she adds.

Large flats in estates that are mature had the highest rates of application. Five- and four-room apartments located at Sun Plaza Spring in Tampines were able to get applications that were 22.3 in the 2nd and 26.3 for the 177 and 150 flats and 177 flats, respectively. Central Weave@AMK is located in the city of Ang Mo Kio in Ang Mo Kio, the 398 four-room apartments registered an 12.6 percent rate of application, and Five-room as well as Three-Generation (3Gen) flats comprising 372 units were offered an 17.5 applicant rate.

Sun says the high demand for the estates with mature properties to the numerous facilities and closeness in proximity to MRT stations. “The Tampines project also has one of the fastest time to complete, which is around 36 to 36 months” Sun adds.

Two projects which were launched in the public housing prime-location (PLH) model The two projects – Havelock Hillside and Alexandra Vale Both of them are located within Bukit Merah The two projects saw an application rate in the range of 2.7 3 for flats with three rooms, and 6.1 to four-room units. The total number of applications was 8,883. have been received in relation to the 1,551 PLH units which were launched.

Although PLH models were sold out, Sun says the application rate was lower than earlier PLH launches. “Perhaps the market is smaller since numerous PLH flat models were released in the past year, and some might have already purchased one in earlier BTO tests,” she opines.

She says the minimum 10-year period of occupation for PLH flats, as well as the stricter selling requirements may have discouraged buyers. PLH apartment owners will be entitled to the clawback tax in the amount of six% in the event of selling their properties in the very first instance.

Within the flats located in non-mature estates by the developer, the project located in Woodlands had the highest applications rates, at 6.6 in two-room flats that are Flexi. The rate was 8.1 3 room flats as well as 11.7 in four-room flats. The flats at the new projects that were which were launched at Choa the Chu Kang were able to get applications from 2.0 to 2.6 The project located in Jurong East saw the highest rates of applications, ranging from 4.1 and 6.7.