by OrangeTee & Tie Pte Ltd.

More 2-room flats in 3 non-mature towns

BTO Launches

Q1 2020

Singapore, 24 Feb 2020

Following a 2013 rule change by HDB, singles aged 35 and above can now purchase flats as first-time applicants and do not have to opt only for resale flats. HDB has also said that the supply for two-room flexi BTO flats in non-mature estates has remained steady at an average of about 4,000 units a year. It would continue to monitor the demand and calibrate the number of units.

Ms Christine Sun, head of research and consultancy at OrangeTee & Tie, said: "In 2008, the number of singles was 918,700. Since then it has surged past the 1 million mark to 1,057, 200 in 2018 - an increase of about 15 per cent.
There is a need to build more flats to address this growing number of singles."

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