by OrangeTee & Tie Pte Ltd.

November 2022 BTO exercise sees lower application rates

BTO Launches

SINGAPORE (EDGEPROP) - The November 2022 Build-To-Order (BTO) sales exercise closed on Dec 2 with 24,562 applications received, according to data released by HDB. HDB is offering 9,655 flats for sale under the exercise, making it the largest offering to date for a single launch.

The number of applications received works out to an overall application rate of 2.5. This is lower than the 7.8 application rate registered for the August 2022 BTO sales exercise, when 39,136 applications were received for 4,993 launched flats.

Christine Sun, senior vice president of research and analytics at OrangeTee & Tie, notes that the number of applications in November fell by 37.2% compared to the August exercise. “This is the lowest overall BTO application rate since September 2019 with an application ratio of 2.1,” she highlights.

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