Punggol Flats 12 Times Oversubscribed Due To Over Generous Subsidy By HDB!

[clinton666]

Punggol Flats 12 Times Oversubscribed Due To Over Generous Subsidy By HDB!

HDB should raised the price of new HDB flats and this will cool the demand.

Punggol "Waterway Terraces" oversubscribed by up to 12 timesBy Evelyn Choo | Posted: 06 July 2010 2213 hrs

SINGAPORE : The "Waterway Terraces" at Punggol have been making waves in the property circle, with 5-room units oversubscribed by 12 times.

The Build-to-Order project, which houses 1,072 units, opened for applications on June 30.

As of Tuesday evening, the 5-room units saw 12 times the number of applicants.

The smaller units are also favoured, with 4-room units in demand at a ratio of 9 applicants to 1 unit.

With the closing deadline looming next Tuesday, analysts said applications for the bigger flats will keep streaming in.

They are expecting a hundred per cent increase for the 4- and 5-room units.

- CNA/al

 

[palden]

Well done MBT! Long live LKY!

 

[garlic]

Punggol such a nice place to live in?

 

[makapaaa]

The 154th Leeporter even proudly interviewed one PRC FTrash applying for it. She should also ask him if his wife still keeps the PRC passport!

 

[Kuailan]

Punggol such a nice place to live in?

But it's soooooo far from every where...no so usewd to lived in Ponggol /Sengkang area.. too used to live at Thomson/Toa Payoh area!

 

[johnny333]

But it's soooooo far from every where...no so usewd to lived in Ponggol /Sengkang area.. too used to live at Thomson/Toa Payoh area!

But, but,..with the new bus fare structure you'll be paying more because you live near town & can take direct bus/train

 

[saratogas]

If HDB start IPO, it will also be oversubscribed.

 

[clinton666]

With the HDB giving such generous subsidies, any Tom , Dick or Harry can afford it..

HDB has been underpricing the flats for far too long

 

[da dick]

wtf. you want property prices to go up like hong kong or you want another property bubble again? u people are too crazy/greedy. anyway, punggol stil sux. landslide, traffic jam and still quite ulu.

 

[clinton666]

wtf. you want property prices to go up like hong kong or you want another property bubble again? u people are too crazy/greedy. anyway, punggol stil sux. landslide, traffic jam and still quite ulu.

You spastic maggot:oIo:

Sour grapes
You must be living in either the slums of Potong Pasir or Hougang