This is the last BTO exercise for 2020. There are a few plum locations which buyers will definitely be looking at – Bishan, Bidadari and Tampines.
This is probably the last plot of land available for residential homes around Bishan MRT Interchange and the location is a mere 500m walk to the MRT station/bus interchange and amenities like Junction 8. It is probably going to see a very high application rate of up to 10. Competition among second timers is expected to be stiff as not many flats are set aside for them.
Bidadari is another hot location as it is in an upcoming central location. The new town is slowly taking shape and amenities will be ready by the time the flats are completed. We do not think the Mount Vernon columbarium will affect demand much as the design of the columbarium will be sensitive to the residents and will blend into the surroundings.
For Tampines BTO, it is closer to Bedok rather than Tampines. The MRT station is a short 5 minutes’ walk away and Bedok Reservoir is right across the road. Buyers will have the best of both worlds – good connectivity and proximity to nature.
Overall we think the application rate for this BTO exercise will be between 5 and 8.