Application rates for 2-room flats in the SBF (Data: HDB)

The unwanted HDB 2-room flats

The table above shows the application rates for 2-room flats for both the September and March sale of balance flat (SBF)  exercises this year. Data is available from the HDB website. Highlighted in red are the towns that were under-subscribed. Looking at these statistics leaves me puzzled – am I missing something here? – but I will come to that later. The first question, looking at these numbers, is why are 2-room flats so unpopular? These two exercises were conducted after the income ceiling increase from $2000 to $5000 for mature estates, allowing not just lower income but also more lower-middle…