Wednesday, April 4, 2012

Strong buyer interest in Toh Yi studio flats

Straits Times: Wed, Apr 04
THE controversial Housing Board (HDB) studio apartment project in Toh Yi has attracted strong interest from home buyers, despite concerns that the chosen site - which sits on top of a slope - would be inconvenient for elderly residents.


There were about three applicants for every two units - or a subscription rate of 1.6 - when applications drew to a close yesterday.


The Toh Yi project in Bukit Timah - known as Golden Kismis - has 132 planned units. It is part of the bumper crop of 7,978 Build-To-Order (BTO) flats offered last week.


The robust response is comparable to recent BTO launches of studio apartments, which are becoming more popular, say property agents...

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