Notwithstanding its past as a cemetery, Bidadari is seeing 12 applicants for every Build-To-Order (BTO) five-room flat.
Looking at the Housing Development Board’s largest sales exercise, BTO flats in Bidadari saw the highest demand, with applicants not batting an eyelid at the area’s past as a cemetery.
There are at least 1,833 applicants vying for the 151 five-room units in Bidadari, The Straits Times reported – a ratio of over 12 applicants to each flat.
Four-room units there were popular too, with 3,249 applicants contending for 1,229 flats on offer.
Demand simply kept rising, largely due to the estate’s relatively central location in Toa Payoh town and its proximity to transport nodes.
This is despite Bidadari flats commanding higher prices than those in the other new projects. Excluding grants, prices start at $433,000 for four-room units and $544,000 for five-room units.
Account executive Jovina Ng, 22, and her husband are among the applicants for a five-room flat in the hot district. “I’m not superstitious. It’s conveniently located and I think it’s a good investment,” she explained.
For more information, read The Straits Times.
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