We were lucky that we were able to get a flat under the BTO scheme on our 2nd try. The market was just beginning to heat up when we decided that we should purchase our love nest early last year. Initially, we were considering getting a resale flat but the COV was on the upward climb then and the areas that I was looking at was mainly AMK and Hougang and they were freaking expensive. We settled on BTOs as we did not have to pay for any upfront cash except for the $2K for the option to purchase which would be refunded to us on signing the lease agreement.
Our first BTO that we signed up for was the Fernvale Crest and Punggol Residences when it was released a month later. Our queue number for FC was in the 500+ range and PR was 100+. We were hoping that there would be no more units left when our turn came to choose for FC as PR had a better location and it was near my parents. Our wish came true when we received an SMS from HDB informing us that the Chinese quota had been reached.
We are now anxiously awaiting the day when we (mainly me, J is busy worrying over the renovation costs) can get the keys to our new home. Pretty happy with the progress of the building and thanks to the kind Forumers who went down to take beautiful photos to keep all of us updated on the progress.
19 November 2010
3 December 2010
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