The Housing & Development Board (HDB) has seen strong demand for the 2,100 flats being offered under its "Sale of Balance Flats" exercise.
The HDB received more than 19,000 applications, just a day before the exercise closes, which means that the flats are nearly nine times oversubscribed. Demand was high for the flats — ranging from studio apartments to executive flats — in estates such as Bedok, Bukit Batok, Choa Chu Kang, Bukit Panjang and Woodlands.
Balance flats refer to those unsold flats in Previous Build—to—Order exercises, surplus flats under the Selective En bloc Redevelopment Scheme, as well as repurchased flats
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