THOSE who turn down their first chance to choose a flat in the HDB’s Build-To-Order (BTO) exercises will be bumped down the BTO queue, in a rule tightening designed to shorten the long lines for new public housing flats.
While BTO application rates are likely to fall as a result and flat allocation will improve as intended, some buyers may then turn to the resale market, analysts said.
Queue drop-outs would include those who had applied multiple times targeting popular mature estates or specific flat types that are deemed to yield better returns, said Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie.