Press Releases

For media enquiries, please contact corpcomms@propnex.com.

Welcoming News for HDB Home Buyers
Singapore Property Market News and Analysis


Latest Property Real Estate News - Published on 22/09/2011

HDB home buyers are rejoicing to delightful news today as HDB announces a bumper release of 8,200 flats for sale under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) Exercise. This is the largest supply of flats in a single launch and a great relief for those homebuyers as their chances of getting a dream flat is is likely to come true sooner.

“The abundant supply of flats is timely with the increased income ceiling in August as those who are eligible to purchase BTO homes are now having a higher chance of securing a flat. First-time buyers are given priority, thus more will be successful and we estimate that the subscription for BTO flats will not exceed 3 times. As for flats released in matured estates, we foresee that the application will not be more than 5 times. Singaporeans’ dream of owning a home remarked Mr Mohamed Ismail, CEO of PropNex Realty.

Home owners can now look forward to the availability of more flats for their own occupation as HDB will be launching another 4,200 BTO flats in November, bringing the total flat supply offered under the BTO and SBF to 28,000 in 2011.

END

For media enquiries, please contact:

Carolyn Goh
Corporate Communications and Marketing Manager
P & N Holdings Pte Ltd (holding company of PropNex Realty)
480 Lorong 6 Toa Payoh #10-01 HDB Hub East Wing Singapore 310480
DID : (65) 6829 6968 / 98287834 | Main : (65) 6820 8000 | Fax : (65) 6829 6600
www.PropNex.com
 



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