2017 BTO flat supply set to dip
ERA key executive officer sees possible impact on resale market as a result of fewer BTO flats being available
Singapore
THE Housing & Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about 5 per cent fewer than the 17,900 build-to-order (BTO) flats launched in 2016.
National Development Minister Lawrence Wong said in his blog post on Wednesday: "We are gradually tapering supply but still ensuring a healthy pipeline to meet demand. Once again, we will offer a good spread across the mature and non-mature estates. This will give buyers a range of choices, including young couples who wish to live near their parents, or the elderly who want to right-size and age in place."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis
Chinese property developer Kaisa’s liquidation hearing adjourned to May 27
China developer Cifi gets bondholder go-ahead on restructuring plan
London's Canary Wharf sees £1.2b slashed from property values