The demand for the second batch of Build-to-Order (BTO) flats launched this year has dropped, compared to the previous batch. But analysts Channel NewsAsia spoke to said the housing needs of some groups are still not being met. The exercise will close at midnight on Tuesday. There were 4.1 applicants vying for each unit in January's BTO exercise. But for the exercise this month, the number is at...
BTO Flats
The Housing and Development Board (HDB) launched four Build-To-Order (BTO) projects on Wednesday, offering 3,497 new flats in the non-mature towns of Sembawang, Sengkang and Yishun. The new flats comprise 2-room to 5-room flats, and Three-Generation (3Gen) flats. In a statement on Wednesday, HDB said the new flats are meant to meet the diverse housing needs of first-time buyers, second-timers,...
The Housing and Development Board (HDB) has launched six Build-To-Order (BTO) projects on Wednesday, the first exercise this year. A total of 3,139 new flats will be offered to meet the diverse needs of first-timers, second-timers, multi-generation families, the elderly and singles. This is the first tranche of the 24,300 BTO flats that HDB has planned for 2014. There will be studio apartments,...
The Housing and Development Board (HDB) launched 8,952 flats on Tuesday for sale in a mix of mature and non-mature estates. In a statement issued on Tuesday, HDB said its joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise for this month is its largest so far. Among the BTO flats launched for sale on Tuesday are 112 three-generation (3Gen) BTO flats at Boon Lay View. Also included...
Application rates for first-timers rose marginally in the latest Build-To-Order flats sales exercise, the first BTO offering this year. Applications close at midnight but overall as of 5pm, there were 2.2 first-timers applying for each new unit. This is higher than the 1.8 in the previous exercise in November last year. It is also the first time since March last year that the application rate for...
Property consultancy firm Colliers International has recommended the development of a "retirement village" for the growing population of senior citizens in Singapore. It has also suggested that a ratio/quota system be implemented to allocate Build-to-Order (BTO) flats to singles. Colliers said these are two groups within the larger population that have become significantly prominent over the last 12...
Large flats in mature estates have proven to be the most popular among home buyers in the November Build-To-Order (BTO) exercise. In the last BTO exercise for the year, there were three first-time buyers for each four-room flat in Toa Payoh. The same goes for five-room flats in Bedok. In Bedok's Fengshan GreenVille, there were 3.8 first-time buyers and 51.6 second-time buyers for each five-room...
HDB launched seven Build-To-Order (BTO) projects on Wednesday, offering 6,463 new flats in two non-mature towns (Choa Chu Kang and Sengkang) and three mature towns (Bedok, Queenstown and Toa Payoh). With this launch, the total BTO flat supply in 2012 will reach 27,084 units. This will be the largest BTO supply in a year since the BTO system was introduced in 2002. Together with another 7,153 balance...
Large flats in mature estates have proven to be the most popular among potential home buyers in HDB's latest Build-to-Order (BTO) exercise. As at 5pm, 8,776 applications have been received for 3,428 units offered, excluding studio apartments. Each four-room unit in Tampines Greenlace received about 3.3 applications from first-timers. Likewise, in Ang Mo Kio's Cheng San Court, each four-room unit had...
The Housing and Development Board (HDB) is increasing its new flat supply for 2012 by 2,000 units, boosting the number of Build-to-Order (BTO) flats for the year to 27,000 -- up from the originally planned 25,000. This is the biggest ever launch of new flats in a year. The news comes as HDB launched on Thursday 7,055 flats for sale under the joint BTO and Sale of Balance Flats (SBF) exercises in both...