HDB’s inaugural re-offer of balance flats exercise highly oversubscribed

HDB Flat

 

The initial re-offer of Balance Flats (ROF) workout by the respected Housing and Development Board (HDB) was over subscribe for use when it ended on 7 August (Monday), with 5,587 applications established for the 1,394 classic units presented, reported by Today Online.

First-time applicants alleged for nearly 50% of the purchasers at 2,647, whereas the other 2,175 are second-timers. The rest were elderly and single purchasers who have applied no less than twice earlier for a flat.

Units presented comprised two-room flats from the classic Flexi Structure for dearest elderly Singaporeans, 3-5 room units along with executive flats and “three generation”. These units are scattered across 26 elegant housing estates, including Clementi, Bedok, Bukit Batok, Ang Mo Kio, Serangoon and Woodlands.

HDB mentioned that the re-issue of unsold flats is intended at helping those with more vital housing needs – along with those who are less certain on attributes and location – to secure a flat rapidly.

“Now we present the ROF. if I was not fortunate in my previous Sale of Balance flats or BTO (offer), I will absolutely go in for this once more since few of the flats are, perhaps, in good sites or some are accessible in a shorter time (as liken to BTO flats where you must wait longer),” said Chris Koh the director of Chris International.

Ku Swee Yong the chief executive of the International Property Advisor exposed that 70% of the units under the ROF workout are “ready”.

“It is perhaps revealing that there are some households whose needs are somewhat more crucial and they can’t wait for 4 years (for a flat).”