City View @ Boon Keng

We did our application online for City View at Boon Keng on the first day of its launch though only till the third week we went to the showroom.

Few months ago before the launch, we have been driving pass the construction area a few times and were surprised to see that it is under HDB and how come we have miss such information since we tried applying for the Telok Blangah BTO on HDB website. We though the application must have ended since they are building it now and thinking it be so nice if we can get it.

We really like the location and its very near Des's parents. We thought we have quite a high chance of getting it, thinking living near parents can increase our chances. However, results were out a few days ago, we did not get it. Wonder how do they determine the successful applicants and if i'm not wrong, i think the balloting part was done by Hoi Hup since we applied from their website.

However, I'm not really disappointed of not getting it cause as time goes by and with all the sad and bad news on inflation, the sub prime woes and the stock market, we started to have mixed feelings on getting a $720k HDB flat.

A lot of people were saying that it is not worth to pay so much for a HDB flat. Yup, i do admit that it is expensive, but i also remember 3-4 yrs ago people was complaining that The Pinnacle @ Duxton was expensive and small, but today, they are having the last laugh.

I was thinking since HDB at centralised location has make a record sale of $600k to near $900k, i strongly believe one day HDB may become a million dollars due to the inflation or at the next economic boom.

With all the scary news at the US side, the possibility of bubble burst in China, increased price in wheat, oil, soya, rice and now veges and the ever increasing ERP gates, I thought maybe we should not commit so much in property or not at this moment since prices now are on the high side.

It seems so tough to get a house now. We did not manage to get the BTO at Telok Blangah, City View, and our Q number for the Queenstown was like 2000+ out of 10000 applicants for over like 200 units? The horrible part was when we applied for the 'new flats' in mature estate recently, we saw over 2000+ application on its first day of applying only over 200 units. Scary...