Strong buyer interest in Toh Yi studio flats
Toh Yi project in Bukit Timah - known as Golden Kismis – received robust response from the public since it began its applications last week. There were about three applicants for every two units - or a subscription rate of 1.6 - when applications drew to a close yesterday.
The robust response is comparable to recent BTO launches of studio apartments, which are becoming more popular, say property agents. Studio apartments are getting more popular because as the population ages, many elderly couples prefer to downsize, unlock their asset appreciation and monetise for a better lifestyle with the excess funds for old age.
Source: The Straits Times – 4 April 2012