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Singapore Property News This Week #35
By Singapore Property Blog  •  January 24, 2012
Singapore Property News This Week #35

Residential

First-timers have high chances of getting BTO flats

The first-time application rates for Build To Order (BTO) flats launched in January this year is 1.5, close to 1.6 in the November BTO, meaning that most will likely get to choose a flat from the 4,000 units available in this January launch. For second-timers, the application rate is 23.9, compared to 25.9 in the previous launch. The BTO balloting rules may be changed to offer second timers more chances in the March BTO launch.

99-year leasehold residential site at Kovan draws 11 bids with top bid of $194.6m

A 99-year 1.7 hectares leasehold residential site located at Kovan Road/Simon Road has attracted 11 bids, with the highest of $194.6 million or $507 psf ppr from a consortium of Hoi Hup Realty, Investment Focus, and Oriental Worldwide Investments. The consortium has plans to develop ...

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By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
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