” MORE BALANCED” DEMAND-SUPPLY Condition
National Development Minister , Desmond Lee said , that the , general application level for , first-timer families was over across all flat types, reflecting” a more healthy demand-supply scenario in the BTO market”.
At lunch, Mr. Lee was considering the information. Data on apps received , is updated at 8am, lunch and 5pm routine during the implementation phase. The final results may be updated on Tuesday at 2 p.m.
For first-timer families, the middle program rate for three- and four-bedroom BTO apartments was 1.0.
” This is lower than the median application rates when compared to all of the 2024 sales launches, and also pre-pandemic levels”, Mr Lee said.
There continued to be” powerful attention” from first-timer songs for two-room flexibility flats, he noted.
The lowest program price for three-bedroom, larger Sale of Balance apartments in the past three years was 2.5.
A full of 5, 590 like products are up for sale , in February, the largest SBF training to time.
Mr. Lee noted that provide in the resale industry is “relatively small” this season, with fewer flats exceeding their MOP.
This is due to fewer level tasks in 2019 and 2020, partly because of COVID-19 associated construction delays.
” We anticipate a steady increase in the number of new cottages completing their MOP in the upcoming times.”
The number of condos meeting their MOP may improve from 8, 000 in 2025 to 19, 500 in 2028, said Mr Lee.