Tag Archives: Built to Order

Launch of 1,000 BTO flats

Posted on 15 Oct 2009 | 1 comment
The Housing Board will launch two new Build-to-Order projects offering more than 1,000 flats in Sengkang and Jurong West on Friday. — ST PHOTO: CAROLINE CHIA

THE Housing Board will launch two new Build-to-Order projects offering more than 1,000 flats in Sengkang and Jurong West on Friday.

This will be followed by six more launches with 4,000 flats in Punggol, Sembawang, Bukit Panjang and Dawson estates in November and December.

This will bring the number of new BTO flats the board is launching to 5,000 in three months.

In total, the HDB will be supplying 9,000 new BTO flats this year, far more than the 2,900 balance flats sold under the current and previous sale exercises for this year, said the board in a statement on Wednesday.

‘The large number of new flats offers choice and certainty to first-time flat buyers,’ said the HDB.

‘HDB will continue to monitor housing demand and ensure that there is sufficient flat supply for first-time flat buyers.’

Read also: 20,394 apply for 2,132 flats

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HDB figures put perceptions in perspective

Posted on 8 Oct 2009 | Comments Off on HDB figures put perceptions in perspective

High number of BTO applications does not equate to urgent housing need

Slightly more than half of first-timer applicants invited to book a flat under HDB’s Built-To-Order system between May 2008 and June 2009 did not book a flat, although this rejection rate is lower than before HDB refined its BTO application process in May last year.

That fine tuning saw HDB removing first-timer priority for those who had turned down two chances to select a flat.

Ninety per cent of flats in each BTO project are set aside for those who have first-timer priority.

HDB issued figures yesterday to debunk the perception that a high number of applications for BTO projects equates to urgent housing need, given the relatively still high rates of rejections by first-time applicants.

The average rejection rates furnished by HDB yesterday refer to BTO flats in non-mature estates, where the vast majority of such flats are located, and exclude studio apartments. HDB’s figures yesterday showed that between March 2007 and March 2008, before the application process was refined, 9,088 or 67 per cent of the 13,605 first-timer applicants invited to make their selection did not book a flat. Between May 2008 and June 2009, the rejection rate had fallen to 52 per cent or 6,747 of the 13,080 first-timer applicants invited.

The rejection rate for first-half 2009 has declined to 45 per cent. Continue reading →

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