Thursday, May 22, 2008

new project, new hopes

i signed up for HDB alerts quite some time back, quite kiasu about updates on upcoming projects on Build-To-Orders and Design-Build-Sell-Schemes. so today, i received an alert that the new BTO projects are Sengkang and Punggol.



"Homes to be Treasured".... pun intended?? that's pretty much like a bad cliche for a tagline. gawd! i mean, after all that hoo-haa on the facade of oversubsciption to new projects, and resulted many keen subscribers didn't manage to get an appointment to view the flats, so there's alot of controversy going on about that. anyway, they've applied new rules to application of projects like this, which i believe aids 1st-timers like me. =D

after much consideration and careful selection, we felt Punggol project was a better option. despite that i've been ranting how ulu both sides are, i thought of the location and the potential developing projects in near future, we finally threw in 10 bucks of hope to try. here's the reason why i chose this place instead:



the distance between Punggol NEL station and the proposed location is almost exactly the same distance as my current location. i'm bad with maths, so i presume is within 500m range. pretty ideal, even though i didn't like the idea to have an LRT circling round the place. also, i didn't think it's that favorable to stay next to the expressway....

and FYI, those who're interested to get a 2-storey HDB flat, this project offers 23 units for sale. they called it a 5-Room loft. based on the block plan, all the 2-storey houses are located at the top of the building; i.e. the 16th level. something similar to that of a penthouse, even though there isn't an open rooftop offered. quite reasonably priced between $442k to $447k.

there're approximately 1000 units available for this Punggol project. of which, 700 units are 4-rooms. and just today, there're more than 150 hopeful applicants vying on the the same 4-room units as me. probably that's why i didn't see wasting time on pondering whether to ballot or not. even though it's doubtful that they would generate queue number based on 1st-come-1st-serve basis, i didn't feel "secure" till i throw in my 10 bucks.

actually, our ideal project is DBSS at Simei. we threw in our 10 bucks for Punggol is becoz':

1st: DBSS flats are relatively more expensive, hence the affordability issue involved
2nd: we have completely NO idea whether they'll be proposing HDB flats or Executive Condos, coz' the location is like next to EastPoint kind of thing...
3rd: if they would to propose ECs, dang, we have to wait for more projects over the next few years.... bearing in mind that we may have to wait long for a favorable location
4th: i don't want to wait so long to secure a flat lah!

considering that if i really got to secure a unit in this project, i have to wait approx. 3 to 5 years for the completion. that duration is really killing for me coz' i'll be staying with my in-laws - it kinds of explains the rest, doesn't it?

oh well, so i can only hope for the best right now. it's quite exciting, really. i think it's even more exciting than betting that ToTo. kekekeke....

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