2. Yishun Chencharu
attracted many buyers despite being a new area
The 2-room flexi flats had the
second-highest number of applicants, with high take-up rate from
first-timer singles. It also attracted more than 1,400 applicants for the
3-room and bigger flats. The strong demand could be due to the excellent location
– close proximity to schools and within walking distance to the MRT station.
The project also has a short waiting time and five-year MOP. This means that
the buyers could potentially collect the keys earlier and exit the market
faster when compared to other homeowners who purchased Prime and Plus flats.
Furthermore, there are many 5-room flats available, which means that applicants
will have a better chance of successfully balloting a unit.