BTO flats in Sengkang and Kallang/Whampoa could be more popular

By EdgeProp | February 13, 2019 3:13 PM SGT
Towner Crest (Credit: HDB)
HDB has launched 3,739 flats for sale, which include 3,162 BTO units and 577 ROF units across various estates, under the latest Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise for February.
The BTO flats are spread across five projects - three in the non-mature towns of Jurong West and Sengkang, and two in the mature town of Kallang/Whampoa.
Source: HDB
“Flats in Sengkang and Kallang/Whampoa could be more popular, with the latter being more likely to be oversubscribed,” says Christine Sun, head of research & consultancy at OrangeTee & Tie.
Sun attributes the likely high demand for flats in Kallang/Whampoa to the fact that this is the first BTO sales launch in the area since November 2016. Also, they are in well-located in the city fringe and near MRT stations, she says.
Kallang Breeze (Credit: HDB)
The last BTO exercise at Kallang Residences in November 2016 was 12.1 times oversubscribed for the four-room HDB flats, and 3.3 times oversubscribed for the three-room flats, adds Sun.
Eugene Lim, key executive officer at ERA, foresees more second-timer demand for the Kallang/Whampoa flats, especially as their price points are higher compared to flats in non-mature locations.
For Sengkang, OrangeTee’s Sun notes that there was “healthy demand and positive price appreciation” for the flats there last year. Based on data provided by the Singapore government, four- and five-room standard resale flats in Sengkang saw 1% and 2% y-o-y price increases respectively in 2018, she says.
Among the non-mature estates, Sengkang was one of the two towns to see...