17,000 BTO flats to be launched in 2018, keeping supply steady

Singapore

AROUND 17,000 Build-to-Order (BTO) flats will be launched in 2018, maintaining a level of flat supply similar to this year's, National Development Minister Lawrence Wong announced in a blog post on Thursday morning.

These new flats will be spread around mature and non-mature towns. These include the upcoming Tengah town, the first time that Housing Board flats will be launched there.

Sembawang, Yishun and Sengkang will also see flat launches in the second half of the year that feature a shorter wait time of 2½ years, compared with the typical three to four years.

Said Mr Wong: "We will continu…