BTO QUOTA RAISED FOR SECONDS-TIMER FAMILIES
Mr. Lee also announced that the planning allotment for three-room, larger BTO apartments for second-timer people may be increased by five percentage points during the budget debate in parliament.
Second-timer people refer to families that have previously received one housing payment and are eligible for fewer subsidies for a second home.
The percentage of BTO provide set apart for BTO candidates was past changed by HDB in August 2022.
Finally, in response to strong requirement from first-time entrants, it was announced that at least 85 percent of three-room and 95 percent of four-room and larger cottages in non-mature lands would be set apart for first-timer people, an increase from the previous 85 and 70 percent.
Software prices for first-time families have since decreased as a result of government efforts to balance the COVID-19 pandemic’s impact on demand-supply disruptions, according to Mr. Lee.  ,
He noted that first-time families ‘ BTO program rates have stabilized to levels before the pandemic, rising from 3.7 days in 2019 to 2.1 days in 2024. First-time people ‘ application rates decreased even further in the most recent BTO sales training in February, 1.5 times.
With that, the government will consider the needs of various groups, including second-timer individuals.  ,
The shift in the planning limit for this team will become effective from the next BTO training in July 2025, he said, adding that” we even hear the concerns of second-timer people who need to purchase another sponsored level.  ,
We are building more BTO flats to meet need, so we do not anticipate a major impact on the software price for first-timer families, according to Mr. Lee.