Tag Archives: Built to Order Scheme

Two BTO projects to start despite slower flat sales

Posted on 7 Oct 2009 | 1 comment

MODERATE sales at two Housing Board projects launched last year suggest that first-time home buyers still have plenty of choice despite the high demand for flats in some areas.

RELATED LINKS  89% OVERALL TAKE-UP RATE

The take-up rate at Punggol Breeze was 69 per cent while only 55 per cent of applicants selected flats at Fernvale Residence in Sengkang, according to new HDB data released to The Straits Times this week.

Some home seekers turned down a chance to buy as the waiting time for the build-to-order (BTO) projects – three to four years – was just too long.

‘Some eventually decided to opt for other housing that can be ready sooner than BTO flats,’ said the HDB. Other reasons buyers gave were that preferred flats had already been sold, or that they had decided to consider other housing options.

Waiting time is likely a key factor, given the overwhelming response to last week’s launch of 2,132 completed or nearly completed HDB flats. Continue reading →

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Eight more projects under BTO system to be launched by year end

Posted on 7 Oct 2009 | Comments Off on Eight more projects under BTO system to be launched by year end

The Housing and Development Board (HDB) will launch another eight “build-to order” (BTO) projects for flats by the end of this year.

These projects will be launched in Sengkang and Jurong West this month, two projects in Punggol next month and four projects in Dawson, Bukit Panjang and Sembawang in December.

National Development Minister Mah Bow Tan, who viewed one of the selection exercises at the HDB Hub on Wednesday, has assured Singaporeans that the supply of new flats under the BTO programme is more than adequate to meet the needs of younger couples.

He said that these flats are affordably priced and are good quality housing.

According to HDB, under the BTO system, the success rate for first timers who select their flat within the first try is 80 per cent, and within two tries is 96 per cent.

However, some have complained that they have not been able to get a flat after many attempts. Continue reading →

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