Strong demand for four-room flats at Rochor BTO projects under prime housing model
Interest for 4 room apartments in the 1st BTO programs under a brand new prime location public housing type have indeed been good, by having such apartments earning double the amount of customers than apartments available at most a day after their release on 17November, presented Today.
Nevertheless, need for the three rooms apartments stays soft. According to Housing and Development Board, the application level as of 2:00pm on 22Nov to get three-room units set at Zero point Eight for first timers, Twenty Eight point Nine for 2nd timers, and also Two point Two for the entire pace.
On the other hand, presently there were 5,414 clients contending for the Six hundred Eighty four-room units at the Rochor Build-To-Order campaigns– River Peaks I and II– with a request level of 4.1 for first-timers and 80.5 for second-timers, as well as Eight point Zero concerning the total speed.
Being the very first properties beneath the prime location public housing type, the apartments come with more stringent possession requirements to operate flats in prime regions budget friendly also convenient to SGPreans.
Flats within this specific type involved a lengthier minimum occupancy period of 10 years, rather than the usual 5 years.
Proprietors of this type of apartments happen to be similarly disallowed from leasing the entire unit even upon 1 decade.
The thriving request to get four bed rooms apartments was driven by second time customers. Once more, with the three rooms apartments, second-time candidates represented a lot of the interest.
Besides the Rochor programs, currently there were at the same time seven Build to Order properties kicked off inside not seasoned estates Hougang, Chua Chu Kang, Tengah and also Jurong West alongside in developed community Kallang Whampoa.