When Centrale 8 was launched, it was reported that it was oversubscribed by two times which technically translated, all should be sold as they were more buyers than units available. Today’s paper reported that till yesterday, on a notice board at the showroom, it showed that only 35% were sold. And the number of people visiting the showroom was about 20 families at any one time.
What happened to all the applicants? What happened to all the eager buyers and long queues? Centrale 8 was reported as a great place with great facilities, a mature estate, good value for money.
Was the report on the oversubscription wrong? Anything wrong with the 35% take sold figure? Anything wrong with all the hypes about the attractiveness of the estate?
Is the lack of interest got to do with the pricing, the location or the measures taken by HDB to build more new flats? Or is it that the influx of foreigners is slowing down?
Will Centrale 8 be the first DBSS project that is going to be partially sold, at least in the short term? Is this the first sign of a cooling down of the public housing market?