The latest HDB BTO exercise in August closed at 11.59pm on 5 September (Monday) with the final numbers updated on 6 September (Tuesday) afternoon There were about 39,000 applicants in this exercise, which is about 46 per cent more than the applications in May's BTO exercise. HDB launched 4,993 BTO flats in August, compared to the 4,583 BTO flats in May and with more flats in good mature estates near MRT stations this August.
Central Weave @ AMK project is seen as an attractive choice due to it being a matured estate conveniently located along Ang Mo Kio Central 2 within walking distance to the Ang Mo Kio public library surrounded by ample amenities and near MRT station.
HDB announced that for the BTO projects launched in August 2022, the waiting time generally ranges from three to 5.7 years. HDB also advised home buyers looking to move into their flats sooner to consider BTO projects in Choa Chu Kang, Tampines and Woodlands, such as flats at Keat Hong Grange, Sun Plaza Spring and Woodlands South Plains, as these have the shortest waiting times at 3.8 years or less.
The next BTO sales exercise is scheduled for November. HDB will offer about 9,500 BTO flats in towns and estates such as Bukit Batok, Kallang Whampoa, Queenstown, Tengah and Yishun.
HDB aims to launch up to 23,000 new flats this year.
In stark contrast, real estate professional Kiwi Lim said during the buyer's market in 2004, there were only 5,171 applications in total for the 1,232 four-room and 616 five-room flats at The Pinnacle@Duxton when HDB launched this city central area 50 storey BTO project comprising of 7 towering blocks connected by two sky gardens at level 26 and level 50 offering HDB residents an unparalleled view of Singapore.
Demand for The Pinnacle@Duxton is considered very low at prices ranging from $289,200 to $380,900 for 4-room flats and $345,100 to $439,400 for 5-room flats in 2004.