Condo-style HDB flats at AMK four times oversubscribed

August 22, 2008 | By Raymond Tan In Property |

The recently launched Design, Build and Sell Scheme (DBSS) project Park Central @ AMK received over 2,300 applications - or four times the 578 units on offer. The average selling price for units in Park Central @ AMK is $490-$500 per square foot (psf).

However, some market watchers said that this over-subscription will not necessarily mean that the project will eventually be fully sold. For instance, the previous DBSS project City View @ Boon Keng, some 3,500 applicants vied for 714 flats, but only 460 homes were sold after the first round.

But regardless, Park Central will fare better than City View as the pricing is more attractive. The majority of the flats at City View @ Boon Keng were priced higher than $600,000, which some potential buyers considered high.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.