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.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Radiant World table shows six lenders with US$870 million exposure
