Analysis: Too soon to tell if dip in BTO applications means stablising demand as projects may have been less attractive to buyers
for the latest Build-to-Order sales exercise mean that demand for BTO flats is stabilising, property analysts said on Monday .
One prospective applicant, Ms Low Wei Xin, 23, told TODAY that she and her partner chose to sit out the February exercise because they preferred to save their application for May to try for a unit in Serangoon. However, analysts also noted that the previous BTO sales exercises may have featured more attractive offerings, which led to fewer applicants for the current sales exercise.
Mr Nicholas Mak, head of research and consultancy at ERA Realty Network, said that for BTO projects launched in non-mature estates, there were fewer applications in this exercise than in previous ones. "Some couples who fit the new category... could be waiting to put in their application later this year as it gives them a higher chance of getting their flats in more attractive locations of their choice," he said.Some couples who fit the new category... could be waiting to put in their application later this year as it gives them a higher chance of getting their flats in more attractive locations of their choice.
For instance, for first-timer families looking to buy a two- to four-room resale flat, the grant will be raised to S$80,000, up from S$50,000.
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