October BTO sales exercise applications 3 times the number of flats launched: Chee Hong Tat
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Applications for the October Build-To-Order (BTO) sales exercise have exceeded three times the number of flats launched, said Minister for National Development Chee Hong Tat.In a Facebook post, he said that a total of 31,095 applications were received as at WOctober BTO sales exercise applications 3 times the number of flats launched: Chee Hong Tat
Applications for the October Build-To-Order (BTO) sales exercise have exceeded three times the number of flats launched, said Minister for National Development Chee Hong Tat.In a Facebook post, he said that a total of 31,095 applications were received as at Wednesday (Oct 22) 5pm.The exercise — in which 9,144 Standard, Plus and Prime flats were launched across 10 projects — will close at 11.59pm today.Despite being oversubscribed, the minister assured that many first-time applicants have a good chance of securing a flat.«For first-timer families, majority of the three-room and larger flat types, have application rates of two and below,» he wrote.«Overall, the median application rates for first-timer families in the BTO exercises have come down this year (ranging from 1.1 to 1.7), compared to 2024 (ranging from 1.6 to 2.6).» Read more