Punggol “Waterway Terraces” oversubscribed by up to 12 times

The “Waterway Terraces” at Punggol have been making waves in the property circle, with 5-room units oversubscribed by 12 times.

The Build-to-Order project, which houses 1,072 units, opened for applications on June 30.

As of Tuesday evening, the 5-room units saw 12 times the number of applicants.

The smaller units are also favoured, with 4-room units in demand at a ratio of 9 applicants to 1 unit.

With the closing deadline looming next Tuesday, analysts said applications for the bigger flats will keep streaming in.

They are expecting a hundred per cent increase for the 4- and 5-room units.

Source: Channel News Asia, 6 Jul 2010