Latest Build-to-Order exercise has lowest number of applicants since 2020, application rates stabilising: HDB
For example, HDB said, a total of 12,493 applicants applied for three-room and bigger flats in this latest BTO exercise, of whom 7,513 were first-timers.
The issue of BTO flat supply and demand has been a hot button topic of late, with the Government unveiling several measures during the Budget debate toIt has alsofor BTO applicants who are invited to book a flat but then do not do so, with the new rules to start from the August BTO exercise this year.
The lowest median application rates in HDB’s quarterly sales launches in the past three years are 1.8 and 2, which were during the November 2022 and February 2021 BTO sales exercises respectively.HDB added that first-timer applicants in several estates, such as at non-mature estates Jurong West Crystal and Brickland Weave in Tengah, as well as mature estates like Ulu Pandan Glades in Queenstown, will have a good chance of securing a flat.
"There are early indications that the BTO application rates have reduced and are stabilising," said HDB.
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