21 Oct '14, 2am

25% fewer BTO flats next year

Comment E-mail to friend Bookmark & Share Only 16,000 Build-to-Order (BTO) flats will be launched in 2015, down 25 percent from this year, said National Development Minister Khaw Boon Wan in a blog post. This is because the public housing market is stabilising after more than 25,000 BTO flats were launched each year between 2011 and 2013 to meet pent-up demand from first-timers. That amounts to a total of 77,000 new flats in the three years, which has been effective in clearing the waiting queue. As a result, the BTO programme was reduced by 10 percent to 22,400 units this year and the housing board is on track to deliver on this schedule, said Mr Khaw. He also noted that fewer BTO launches will take place next year. In recent years, such launches occurred six times a year, or every other month at an average of around 4,000 units per exercise. This will be reduced to four ...

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

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25% fewer BTO flats to be launched in 2015. Read the full story here

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