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| | | | | | | SINGAPORE: Over the weekend, 42 applications were received by the Housing and Development Board (HDB) to ballot for the first 100 two-room flats to be converted from bigger units at Jurong West.
In contrast, the 515 four- and five-room apartments at Bukit Merah and Queenstown which were also launched for balloting last Friday have since been oversubscribed, with a whopping 1,127 applications received as of Monday for 164 fourroom flats in Bukit Merah.
But property agents agree that the demand so far for the Jurong West two-room units - ranging from $68,000 to $96,000 for units of 46 sq m to 60 sq m floor area - has been encouraging.
Said Mr Eugene Lim, assistant vice-president of property agent ERA Singapore: "With such healthy response within a few days, I expect the flats will be taken up easily and will be oversubscribed."
An industry observer noted that the relatively smaller number of applications tallied for the Jurong West units could be due to more applications being made on paper, thus taking longer to process than online applications.
"The lower income applying for these flats may not have Internet access to submit their applications online," he said.
The two-room flats in Jurong West Street 93 are being converted by the HDB from unsold four-yearold, five-room units.
When completed by the year's end, the flats will be the first new two-room flats to be ready since the Government announced that more of such flats would be built, some 20 years after it stopped building tworoom flats.
Applications for the units are open until Sept 14. - TODAY
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