\n<\/p>\n
Four-room flats at Berlayar Rise drew 5,023 applicants for 988 units \u2013 the highest across all flat types and towns. This translates to an application rate of 3.2 for first-timer families.<\/p>\n
Demand for the 816 two-room flexi units was also high among first-timer singles, with an application rate of 7.5.<\/p>\n
Ms Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group, said the results were within expectations, as it was anticipated that this project would be the most popular during this sales exercise.<\/p>\n
\u201cBuyers were probably keen to snag a new flat in the area, given its strong locational attributes and capital appreciation potential. Moreover, resale flat options remain limited, while purchasing a private condominium would likely cost more than S$2 million (US$1.5 million),\u201d she said.<\/p>\n
Lakeview Cascadia at Bishan had the second-highest number of applicants overall. The project\u2019s two-room flexi units had an application rate of 7.3 among first-timer singles, while the four-room units had an application rate of 3.7 among first-timer families.\u00a0<\/p>\n
Ms Sun said the high demand could be attributed to the limited supply of new flats in Bishan, which is traditionally a popular housing estate among young couples.<\/p>\n
\u201cGiven that the new flats are within walking distance of an MRT station and are close to a few top schools, the project will be a huge draw for families with school-going children prioritising convenience,\u201d she said.\u00a0<\/p>\n
Demand for these projects was high despite restrictions under the Prime classification, which comes with a 10-year minimum occupation period (MOP) and higher subsidy clawbacks. This means that homeowners must pay back a percentage of a flat’s resale price or valuation to the government when first selling their homes.<\/p>\n
Berlayar Rise and Lakeview Cascadia have a subsidy clawback of 14 per cent and 10 per cent, respectively.<\/p>\n
The strong take-up for both projects shows that buyers remain willing to accept tighter resale conditions where new flats are affordable and well located, said Mr Eugene Lim, key executive officer at ERA Singapore.<\/p>\n
He added that the relative affordability of four-room flats at both projects likely made them a \u201cpalatable entry point\u201d for first-time buyers.
\u00a0<\/p>\n<\/div>\n
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STRONG DEMAND FOR PRIME PROJECTS Four-room flats at Berlayar Rise drew 5,023 applicants for 988 units \u2013 the highest across all flat types and towns….<\/p>\n","protected":false},"author":1,"featured_media":63441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Wymyw_Q1--\/c_crop,h_674,w_1198,x_1,y_0\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/06\/24\/sembawang_portico.jpg?itok=hAYcb1H6","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[3170,5508,3178,3174,8711,6209,576,3924,3175,654,3176],"class_list":["post-63440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-bto","tag-demand","tag-exercise","tag-flats","tag-flock","tag-june","tag-prime","tag-projects","tag-shorter","tag-time","tag-waiting","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63440"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/63441"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}