Singapore, 25 May 2021 SINGAPORE - A total of 3,879 Build-To-Order (BTO) flats across four housing projects in four estates were launched for sale by the Housing Board on Tuesday (May 25) in the second sales exercise for the year, although some may take more than five years to be completed.
In addition, another 2,494 flats were on offer in this year's first Sale of Balance Flats (SBF) sales. In total, 6,373 new flats were launched on Tuesday.
Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said both the Bukit Merah and Geylang projects will likely draw more than 10 applicants for each available flat. Those applying for the Tengah project could be luckier, she noted, as the number of applicants has been dropping since November 2019. Despite construction delays due to Covid-19, she said some buyers will still choose to apply for BTO flats as prices of HDB resale flats and private properties have been rising.