By Michelle Tay

IN THESE leaner economic times, the cheapest public housing option for newly-wed couples has been three times subscribed.

The Housing Board's latest Build-To-Order (BTO) flats, Punggol Arcadia, closed yesterday with 2,344 applications for just 750 units. The final update will be made today at 2pm.

The overwhelming response 'demonstrates that there is still a high demand for public housing', said the chief executive of property consultancy PropNex, Mr Mohamed Ismail.

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