SINGAPORE — To meet higher demand from first-time applicants for Build-To-Order (BTO) flats, the Government will be increasing the ratio of flats in BTO launches for these aspiring homeowners.
In a statement on Saturday morning, the Ministry of National Development and Housing and Development Board said that the following change will take effect from the August 2022 BTO exercise:At least 85 per cent of the three-room BTO flat supply and 95 per cent of the four-room and larger flat supply in non-mature estates will be set aside for them.First-time applications by singles
“This is consistent with our past approach to revise the BTO allocation quota based on demand from first-time applicants and second-timer families,” said the agencies, adding that the Government is committed to helping Singaporeans own their first homes. In March 2012, the authorities also increased the allocation quota for all BTO flats in non-mature estates to families applying for the second time to provide them with more housing options after largely fulfilling demand from first-timers.Currently, applications by first-timers continue to form the bulk of BTO applications, said MND and HDB.
There were 4.1 first-time family applicants per BTO flat in 2021, compared with 2.2 in 2018, signalling robust demand for housing among this group, said MND and HDB.
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