05 Dec '13, 4am

Slowing BTO supply won't affect resale flat market

After three years of ramped-up construction, reducing the supply of Build-to-Order (BTO) flats makes perfect sense considering reduced buyer demand. But the move will not affect resale prices, revealed media reports quoting analysts. This is because given that pent-up demand for new flats has now been addressed, “the profile of buyers going for resale flats and BTO flats is generally different”, said R'ST Research Director Ong Kah Seng. Analysts were responding to comments made by National Development Minister Khaw Boon Wan that the housing board will taper off its “massive construction programme” from 2014. The three years of ramped-up BTO supply means that first-time buyers can purchase a new flat instead of a resale flat. This exercise along with the introduction of various cooling measures has helped ease demand for resale flats. As a result, cash premiums and resale p...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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