SINGAPORE: With impact from the next Build-To-Order (BTO) launch on Aug 30, more newly-constructed flats will be allocated to families plus singles applying for the first time, in view of strong casing demand from this group and to increase their chances of acquiring their first houses.
In a joint press release issued on Saturday (Aug 26), the Ministry of National Advancement (MND) and the Housing and Development Table (HDB) announced that from your August 2022 BTO exercise, at least 95 per cent of four-room and larger even supply in non-mature estates will be set aside for first-time family members applicants – upward from 85 % currently.
Regarding three-room BTO ripped supply, at least eighty-five per cent of the sampling will be set aside for people families, up through 70 per cent at this point.
“For fully developed estates, we will continue to keep set aside at least 95 per cent of BTO flat supply for first-timer families, inch said MND plus HDB.
Designed for first-time single applicants, up to 65 per cent of non-senior two-room flexi flats within non-mature estates will be set aside for them, upward from 50 per cent currently.
The particular agencies noted that will first-timers continue to constitute the bulk of BTO programs, with the number of this kind of families seeking new flats increasing through more than 19, 1000 in 2018 in order to about 34, 1000 in 2021.
There were 4. one first-time family applicants per BTO level in 2021, compared with 2 . 2 in 2018.
Within 2021, there were 7. 5 first-time solitary applicants per two-room flexi flat within non-mature estates, up from 5. 1 in 2020.
“We also recognise that first-time applicants generally have more pushing and immediate housing needs to start their particular life plans, inch said MND plus HDB.
The BTO allocation quota has been previously revised based on demand from both new applicants and second-time family applicants.
In 2012, the subspecies for all BTO condominiums in non-mature properties for second-time applicants was increased; and 2009, the BTO quota for first-time families was increased amid tight casing supply.