BTO Launch of new flats marks record supply
The recent launch of nearly 6500 new flats for selection under the Build-To-Order (BTO) scheme has made the total number of flats supplied by HDB this year to 34000. This includes 7153 flats supplied as “balanced flats”. This is the highest number seen since the system was introduced in 2002. In total, 3 matured estates (Ghim Moh / Toa Payoh / Bedok) and 2 newer estates (Seng Kang / Choa Chu Kang) were involved in the launch.
Below shows a table of the approximate price of various types of units sold in the respective areas:
HDB launched a total of 25,000 flats last year and plans to launch 20,000 next year. With more flats being offered, the success rate of first-timers in getting a new flats has increased dramatically. Experts have also commented that HDB has done a good job of keeping prices of HDB flats relatively stable.