Analysis: Sale of Balance Flats Oct 2009

We are reaching the deadline of 15 Oct. Will be interesting to see the responses so far. Let's look at how much these flats are oversubscribed, which is an indicator of the pent-up demand and how the lack of COV plays a part.

Taking the top spot is the 5-room flats at Bukit Panjang with a whooping 8533% oversubscribed with only 3 units available! Next is Choa Chu Kang.. Surprisingly, the top few spots are estates in the far-flung locations. The most oversubscribed estate nearest to Central is Toa Payoh with 69 applications for 3 units of 5-room and these units have a quantum of >$500k (a seemingly resistance quantum).

Scanning from the bottom, it's also notable that Kallang and Bukit Merah are languishing there. Aren't these the estates with high COVs in the resale market yet they are merely 200-400% oversubscribed. Perhaps these are locations worth an application.

That said, perhaps these applicants are the genuine owners who typically prefer to stay near parents and resistant to high quantum.