Impact of reduction of BTO flats in Singapore

Property analysts in Singapore say that the reduction in the supply of Build-to-Order (BTO) flats will not affect resale prices. After three years of ramped-up construction, Singapore government recently decided to reduce the supply of Build-to-Order (BTO) flats recently.

Analysts say that the profile of buyers going for resale flats and BTO flats are generally different. 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.

Number of BTOs built in Singapore

If you look at the marriage rates in Singapore and the number of BTOs build in Singapore, it seems that the government is supplying almost one brand new HDB flat to one married couple. Do you think this rate is sustainable?

5RM HDB for Sale at Punggol

Six new BTO projects by HDB in Sep 2013

Singapore Housing Development Board (HDB) launches six new Build-To-Order (BTO) projects in Sep 2013 – Matilda Edge, The Verandah @ Matilda, Waterway View in Punggol, as well as Palm Breeze @ Yishun, Saraca Breeze @ Yishun and Khatib Court in Yishun. These BTO projects offer a total of 4,156 units of Studio Apartments, 2-, 3-, 4-, 5-room and 3Gen flats
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Pricing Strategy for HDB Flats in Singapore

The Prime Minister of Singapore said the government strategy is to use more grants to bring down the effective costs of HDB (Housing Development Board) flats in Singapore, rather than change how they are priced at the moment. This statement defied the expectations of some who thought the Government would announce a radical move to lower HDB’s Build-To-Order (BTO) prices in Singapore. This means a lot positive for the residential market in Singapore – the base is set and not going to change soon!