SINGAPORE - Fewer home seekers are expected to apply for Build-To-Order (BTO) flats when stricter rules to reduce the rejection rate take effect in August, said property analysts.
But until then, application rates for new flats could remain high as some potential buyers may view the ongoing February BTO launch and the next one in May – which do not come under the stricter rules – as their last consequence-free chances at the ballot, they added.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said while it is possible for the February and May launches to attract more applicants, she does not expect a huge jump in numbers compared with previous launches.