40% of applicants invited to book BTO flat do not do so: HDB

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SINGAPORE - About 40 per cent of applicants who have been invited to book a Build-To-Order (BTO) flat end up declining the offer. This is despite robust housing demand in the past two years, with some of the most popular BTO projects seeing up to 16 applicants vying for each of the four-room flats available. In a statement on Sunday...

The Straits Times file

In a statement on Sunday , the Housing Board said applicants who are invited to book a flat should take up the offer. There were about 19 BTO projects that had flats with first-timer application rates of 1.7 or lower, said HDB.For seven of these 19 projects, the flats came with a shorter waiting time of less than three years.

The locations for these BTO projects included areas in Bukit Batok, Jurong West and Tengah for non-mature estates, and in Tampines for mature estates. “From our records, virtually all first-timer applicants of BTO flats in non-mature estates had a chance to book a flat within their first three tries.”

 

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Then who are snapping up the BTOs? BTO is only for Singaporeans right?

SingaporeHDB maybe lower the age of singles to be able to get the flat? Increase years of stay before sales also. Some ppl really want to buy and live. Not to invest.

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