25% fewer BTO flats to be launched in 2015

Singapore

THE government will launch 25 per cent fewer Build-to-Order (BTO) flats next year, said National Development Minister Khaw Boon Wan in a blog post on Monday evening.

This would mark a further slowdown in pace - the BTO programme has already been reduced by 10 per cent to 22,400 units this year - that would avoid an oversupply.