The 450 units in Ang Mo Kio are predicted to be the most sought after in the latest Build-To-Order (BTO) sales exercise as they are the initial flats to be launched inside the mature estate in 3 years, ” reported The Straits Times.
The last time Ang Mo Kio obtained fresh flats was in 2016, when 590 flats were provided.
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With unit costs starting from $170,000 to get a two-room flexi unit and $451,000 to get a four-room unit, the new BTO job — called as Yio Chu Kang Beacon — is expected to start next year.
Although it’s located beyond the main Ang Mo Kio city center, the project’s proximity to 2 MRT lines is anticipated to be its main selling point, said specialists.
Within Tampines, the larger units at Tampines GreenSpring were also oversubscribed using all the 218 four-room units getting 377 applications. Its 193 five-room units also obtained 413 applications.
PropNex Realty chief executive Ismail Gafoor noted that the relatively low amount of components provided in Ang Mo Kio, as compared with this year’s preceding BTO launches, will make the estate most sought-after this moment.
He considers that the 3 Tengah jobs will likely appeal to younger buyers that”want to purchase in the future”.
Among the couples expecting to secure a unit at Ang Mo Kio is 29-year older Jacob Ong and his girlfriend of eight yearsago The couple had applied 10 days for flats in additional mature estates such as Bidadari to no avail.
“What attracts us mainly is your location as it is near the MRT station and also to our parents’ homes in Yishun and Bishan. We are definitely hoping to obtain a fantastic queue amount, but fairly sure it’ll be equally as popular as Bidadari, or even more,” said Ong.
Meanwhile, the Tengah jobs, are also predicted to become popular, especially among younger buyers that”want to purchase in the near future”, according to Mr Mak. The 3 jobs will be within walking distance in prospective MRT stations along the coming Jurong Region Line (JRL), and extend two-room flexi into five-room flats as well as three-generation flats. He added that the two-room flexi flats extended in the Tengah jobs may appeal to retirees as they”can obtain their own flats near their kids; it is a way of preparing for the changing demographic in Singapore.”