by OrangeTee & Tie Pte Ltd.

HDB offers 9,655 BTO flats in mega launch; application period extended to 9 days

BTO Launches

SINGAPORE - The Housing Board launched 9,655 Build-To-Order flats for sale on Wednesday, in what was the biggest sales exercise since the BTO system was implemented in 2002.

The units are spread across 10 housing projects in five estates. Three of these – two in Queenstown and one in Kallang/Whampoa – fall under the prime location public housing (PLH) model, which comes with a 6 per cent subsidy clawback upon their sale.

Another 1,071 flats are on offer in 2022’s second and last Sale of Balance Flats (SBF) scheme, bringing the total number of new flats on sale in this launch to 10,726.

OrangeTee & Tie senior vice-president of research and analytics Christine Sun said that while application rates have fallen in recent PLH projects as more such projects were introduced, overall BTO demand has remained high in the past year as BTO flats are still the most affordable housing option in the market.

“The prices of BTO flats in mature estates are also not considered high compared with private housing, as prices are ‘capped’ to a certain extent since there are no five-room flats offered in mature estates in this sales exercise,” she added.

To read full article: click here

For more news, research and information,