>> ASIAONE / BUSINESS / MY MONEY / PROPERTY / STORY
Tue, Oct 30, 2007
The Straits Times
10,200 applicants chasing after 354 flats

I REFER to the HDB's bi-monthly walk-in selection of flats. Since a computerised balloting system was introduced, it has been extremely difficult for first-timers, like me, who have been consistently unsuccessful in the balloting.

The response has been overwhelming for the past three bi-monthly walk-in selection exercises.

The August sector C exercise saw nearly 10,200 applicants for the 354 flats on offer. The main reason was that HDB did not close applications earlier even though the applications far exceeded the number of flats by the second day of release.

It continued to allow prospective buyers to apply, and even collected an administrative fee of $10 for each application. The same thing happened in the other two selections.

Why didn't HDB close applications or shorten the time given to three working days when it was known that the number of applications had far exceeded the small number of units offered?

HDB should amend its system immediately.

George Matthews

Is this article useful to you?
 
 
 

 
STORY INDEX
 
  $730k view
   
 
  10,200 applicants chasing after 354 flats
   
 
  7,750 homes could still be sold using deferred payments
   
 
  Govt watching property market 'carefully': PM
   
 
  Penang's luxury homes market plays catch-up
   
 
  Investing in property may be less profitable than buying shares
   
 
  Buyers paying way above valuation for HDB flats
   
 
  Rentals for private homes, HDB flats continue to soar
   
 
  Deferred payment scheme for homebuyers scrapped
   
 
  HDB resale prices up
   
>> RELATED STORY
$730k view
10,200 applicants chasing after 354 flats
7,750 homes could still be sold using deferred payments
Govt watching property market 'carefully': PM
Penang's luxury homes market plays catch-up

Elsewhere in AsiaOne...

Investor Relations: Vietnam's real estate market is booming

News: HDB to build more flats to meet rising demand as supply falls

Travel: New malls on the block: ION Orchard and Orchard Central

Motoring: HDB family season parking ticket available from Oct

Digital: Just click for details about your HDB flat

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: