Tuesday, January 05, 2010

Oversubscribed on Day 1 - HDB BTO

It is actually amazing to see that the just released BTO flats at Choa Chu Kang N5 C12 are already over-subscribed on the 1st day!

There are only 188 4-room flats but as of 5pm today there are 457 applications for this category!

Actually it is somewhat disturbing to see such over-whelming response, especially when the Chinese papers reported that some folks are already offering their 'Pinnacle@Duxton' flats for rents straight after they obtained their keys to the flats. The asking price is $1,000 for a room, and $3,000 for the whole flat.

Makes the whole falt application exercise seems like a Toto lucky draw. Scary.

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