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
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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."
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