pstrongAs of 5 pm on 9 Oct, there were slightly more than 8,400 applicants for the 6,800 flats on sale./strong/p pThe response to the October BTO exercise was underwhelming, and a real estate expert is pointing to the penalties for non-selection of flats as a chief reason./p p“Fearing being penalised, some applicants may have stayed out of this BTO exercise. Some applicants may be waiting for Dec 2023 BTO where
The response to the October BTO exercise was underwhelming, and a real estate expert is pointing to the penalties for non-selection of flats as a chief reason.
“Some applicants may not have their HFE letter in time to apply for the BTO. The long wait between May and Oct 2023 BTO may have seen some demand diverted to the resale HDB market,” Lee added. In comparison, the Feb 2023 BTO exercise received more than 16,000 applicants with 4,428 flats on sale, and the May 2023 BTO exercise had more than 20,000 applicants with 5,495 flats on sale.
“This clearly shows the shift in demand for larger homes to accommodate work-from-home and home-based learning,” Lee said....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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