Strong demand for 5-room BTO flats in Ang Mo Kio despite prices of up to $877k

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SINGAPORE - Almost all larger flats in the ongoing Build-To-Order sales exercises have been oversubscribed just a day after the launch, with the five-room and three-generation units in Ang Mo Kio proving to be the most popular.

The larger Ang Mo Kio flats have drawn more applicants than the four-room flats in the two Bukit Merah BTO projects that fall under the prime location public housing model. The three-room flats, the only other flat type in both projects, drew fewer applicants and are currently still undersubscribed.

 

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AMK had only 2 $1 million dollar flats in 2020, 5 in 2021 but 11 before July 2022 though the recent Kebun Bahru Court account for half of it. So why should these flats be worth the price of a dawson hdb or is HDB also part of the reason of this property price rise?

At this rate I need the housing market to crash before I can afford a house.

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