Delay in next BTO launch

Home buyers looking to apply for a Build-to-Order (BTO) flat in Bidadari will have to wait a while longer as the next BTO exercise has been pushed back from August to September this year, reported Channel NewsAsia.

The Housing and Development Board (HDB) attributed the delay to the ongoing consolidation of the two-room flat and studio apartment schemes, and the review on the higher income ceiling for BTO applications.

These plans were announced by National Development Minister Khaw Boon Wan in a radio interview on 23 June. He had hoped the changes would be in place for the next BTO exercise.

Despite the delay and HDB’s announcement that it will be trimming new flat supply from 16,900 to 15,000 units, the agency assured there will still be four BTO launches in 2015.

The first two BTO and sale of balance flat exercises offered 8,039 and 5,387 units respectively.

The September BTO exercise will be the third one this year, and will see HDB offering the first batch of flats in Bidadari estate, which includes 2,150 studio apartments and three- to five-rooms.

 

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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