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Almost 50% more BTO projects launched in mature estates in 2020 than 2017: HDB

The average application rate for a BTO flat in mature estates rose from 2.8 times in 2017 to 6.7 times last year

Published Mon, Jul 26, 2021 · 05:50 AM

Singapore

AS property seekers continue to home in on flats in mature estates, the Housing and Development Board (HDB) has rolled out more Build-To-Order (BTO) projects in these prime locations.

It said on Sunday that 13 such projects were offered last year, compared to nine in 2017 - an almost 50 per cent rise. Projects in mature estates formed 44 per cent of the overall BTO launches in 2017, but the proportion climbed to 55 per cent last year, said HDB.

Still, it was not easy to bag a unit in a choice area like Bishan, Toa Payoh or Kallang/Whampoa. The average application rate for a BTO flat in mature estates rose from 2.8 times in 2017 to 6.7 times last year.

The average rates in non-mature estates, which include Bukit Batok and Tengah, were 2.1 time…

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