{"id":58883,"date":"2022-09-05T17:41:05","date_gmt":"2022-09-05T09:41:05","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=58883"},"modified":"2022-09-09T12:14:29","modified_gmt":"2022-09-09T04:14:29","slug":"august-2022-bto-application-rate","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/august-2022-bto-application-rate\/","title":{"rendered":"181.7 second timers are competing for each available unit at Central Weave @ AMK"},"content":{"rendered":"
<\/div>

The August 2022 BTO<\/a> exercise will close today at 2359. As of 5pm today, a total of 35,694 applications have been submitted.<\/p>\n

As expected, all projects are oversubscribed. But what\u2019s even more striking is the application rate for a few popular projects.<\/p>\n

5,907 families are willing to pay up to S$877k for a BTO flat<\/h2>\n

Among the August 2022 BTO projects, the Central Weave @ AMK BTO<\/a> has been the most anticipated project before its launch.<\/p>\n

\"August<\/a>
Artist’s impression of Central Weave @ AMK BTO. Source: HDB<\/figcaption><\/figure>\n

When the exercise launched last week, one thing that stood out was the price range of S$720k to S$877k for the 5-room flats at the Ang Mo Kio project. The price range for the 3Gen flats is in the similar range of S$713k to S$842k.<\/p>\n

(We explain more about the history of BTO prices in Ang Mo Kio here<\/a>.)<\/p>\n

Nevertheless, this did not deter 5,907 people from vying for the 372 5-room and 3Gen flats. As of 5pm, 7.4 first timers are competing for each available unit. 95% of the flat supply has been allocated to the first timers, translating to approximately 353 units set aside for them.<\/p>\n

181.7 second timers are vying for each available unit in Ang Mo Kio<\/h2>\n

What\u2019s even more striking is the application rate for the second timers. 181.7 second timers are competing for each available 5-room or 3Gen unit at Ang Mo Kio! The stiff competition is due to the fact that only 5% of the units, or approximately 19 units, have been set aside for these second timers.<\/p>\n

178.2 second timers are competing for each available unit at Tampines<\/h2>\n

Equally competitive is the ballot for a 5-room flat at Sun Plaza Spring BTO<\/a> at Tampines. With only 117 units available, 2,813 applications have been submitted so far.<\/p>\n

Breaking down the numbers, 17.2 first timers are competing for each of the available flats set aside (approximately 111 units).<\/p>\n

And like what we\u2019ve seen with the Central Weave BTO, 178.2 second-timer families are vying for each available unit. Given the low number of flats in the project, only 6 units have been set aside for second timers.<\/p>\n

\"August<\/a>
Source: HDB<\/figcaption><\/figure>\n

So if you die die<\/em> also want to get a 5-room flat this time round, your best bet is to apply for the Keat Hong Grange BTO<\/a> at Choa Chu Kang. For first timers, the application rate currently stands at 1.8. For second timers, it\u2019s a little higher at 17.9. But your odds are still better than if you were to apply for the Ang Mo Kio BTO or Tampines BTO.<\/p>\n

In general, competition is stiffer for second timers, given the very low supply of flats set aside for them.<\/p>\n

On top of that, HDB recently announced<\/a> the increase in the allocation of BTO flats in non-mature estates for first timers (from 85% to 95% for 4-room flats). This means that the quota has been reduced for second timers.<\/p>\n

One strategy to increase your chance of getting a queue number is to look for projects with a higher supply of flats available. This includes the Bukit Merah BTO<\/a> (Alexandra Vale and Havelock Hillside) and the Choa Chu Kang BTO.<\/p>\n

Which August 2022 BTO project have you applied for? Let us know in the comments section below.<\/h2>\n

If you found this article helpful, 99.co recommends Aug 2022 HDB BTO stack analysis: Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines, Woodlands<\/a> and The REAL reasons why HDB doesn\u2019t build new five-room BTO flats in central areas<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The August 2022 BTO exercise will close today at 2359. As of 5pm today, a total of 35,694 applications have been submitted. As expected, all projects are oversubscribed. But what\u2019s even more striking is the application rate for a few popular projects. 5,907 families are willing to pay up to S$877k for a BTO flat…<\/p>\n","protected":false},"author":111,"featured_media":58884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53642,57131],"tags":[57356,57186,54601,53915,57357,53680],"persona":[57125],"class_list":{"2":"type-post","17":"entry","18":"has-post-thumbnail"},"acf":[],"yoast_head":"\n181.7 second timers are competing for each available unit at Central Weave @ AMK - 99.co<\/title>\n<meta name=\"description\" content=\"As expected, all projects are oversubscribed. 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