Sembawang Anchor, the other Standard project on offer, was less popular despite being the only shorter waiting time project in this exercise, with an estimated waiting time of less than three years.
The four-room and five-room units were undersubscribed, with an application rate of less than one among first-timer families, meaning such families were almost guaranteed a chance to pick a unit.
Ms Sun said this is within expectations because of the ample supply of new flats in the area, with almost 4,000 flats launched in both the February and June sales exercises collectively.
“Those who intended to stay here would have applied in the past. Moreover, there are more attractive projects launched in this exercise, which may have diverted buyers away,” she said.
Huttons’ Mr Lee added that the longer distance to an MRT station was a “big minus” for applicants. Sembawang MRT station is about a 10-minute bus ride from the project.
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