It will also introduce more BTO flats with shorter waiting times of less than three years from 2024 onwards. These are flats that are launched while they are being built.
"In this way, we reduce waiting times and better support the homeownership as well as marriage and parenthood aspirations of Singaporeans.” Waiting times for BTOs increased to four to five years during the pandemic due to construction delays. Before the pandemic, flat applicants typically had to wait from two-and-a-half to four years for their new homes.
Mr Lee had also told the media in December last year that HDB will increase the proportion of BTO flats with waiting times of under three years.with waiting times of just over three years. They were the shortest waiting times among projects launched that month. The first-timer BTO applications in mature estates are about 1.6 times that of applications in non-mature estates last year.
more interested in plans for aging HDBs.
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