23 Oct '14, 3am

James @ 8699 1517 Reduced BTO flats will not affect resale market: Analysts

Comment E-mail to friend Bookmark & Share The government’s plan to slash the number of Build-to-Order (BTO) flats to be launched next year will have no significant impact on the resale market, said analysts interviewed in the media. Given the declining application rate for BTO flats and the balance flats from the past years which are expected to be introduced back into the market, analysts believe that the estimated 16,000 BTO flats set to be launched in 2015 are more than adequate. “In 2007 and 2008, the government actually offered less than 10,000 BTO units every year. The large ramp-up in BTO supply over the past three years was something necessary but not sustainable. Hence, the government needed to scale back to a more sustainable level,” explained SLP International’s Executive Director Nicholas Mak. Aside from the reduced BTO flats, the government also plans to curb ...

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

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Comment E-mail to friend Bookmark & Share The government’s plan to slash the number of Build-to-Order (BTO) flats to be la...

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