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by OrangeTee & Tie Pte Ltd.

Some rethink BTO plans, current living arrangements

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SG, 14 Nov 2020

In the August sales exercise of the BTO flats, which are available to Singaporeans who do not own any other property, the expected completion date of some BTO projects was pushed back to four to five years, instead of the usual three to four.

Ms Christine Sun, head of research and consultancy at real estate agency OrangeTee & Tie, says "the reluctance to wait - for those who can afford it - could have fuelled the recent spike in demand for resale flats." She adds: "Many BTO launches were also heavily oversubscribed, and unsuccessful candidates may have bought resale flats as an alternative."

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