Strong demand for four-room flats at Rochor BTO projects under prime housing model
Need concerning four rooms units in the 1st Build to Order projects for a brand new prime location public housing type have indeed gotten solid, with this kind of units earning two times the amount of candidates than apartments attainable only a day following their launch on 17November, announced Today.
On the other hand, demand intended for the three bedroom apartments stands soft. Depending on to Housing and Development Board, the registration level as of 1400hrs on 22Nov concerning three rooms units set at Zero point Eight concerning first-timers, 28.9 concerning second time applicants, and also 2.2 with regard to the total rate.
Alternatively, there were 5,414 individuals competing to get the Six hundred Eighty 4 bedroom apartments at the Rochor Build-To-Order programs– River Peaks I and II– with a registration estimate of 4.1 intended for first-timers and Eighty point Five for second-timers, including 8.0 for the whole estimate.
Being the very first projects under the prime location public housing model, the flats come along with stricter possession standards to keep apartments in key locations cost effective also easily accessible to Singaporeans.
Housings within this particular type possessed a much longer minimal habitation duration of ten years, not the typical five years.
Homeowners of this type of flats happen to be similarly banned from renting out the entire apartment even when you finish 10 yrs.
The solid demand intended for four-room apartments was generated by second time applicants. Again, with the three-room apartments, 2nd time clients justified most of the interest.
Apart from the Rochor programs, currently there were also seven Build to Order properties released inside not developed estates Hougang, Chua Chu Kang, Tengah also JW as well as in mature estate Kallang Whampoa.