SINGAPORE: There are early indications that application rates for Build-to-Order (BTO) flats have 'reduced and are stabilising', said the Housing and Development Board (HDB) on Monday (Mar 6), hours before the February sales exercise closes at the end of the day.
spread across five projects in Kallang Whampoa, Queenstown, Jurong West and Tengah.
The median application rates for first-timer applicants for three-room and bigger flats is 1.8, said HDB. This is First-timer applicants have a better chance of securing a flat as they get two ballot chances instead of one, and up to 95 per cent of the flat supply is reserved for them.About 4,400 BTO flats launched for sale, including prime location units in Dover Forest and Farrer Park
The low first-timer application rates for these projects are between 0.2 and 1.8 across the various flat types, said HDB, which added that the average rejection rate at the flat selection stage in the past is 40 per cent.
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