Singapore to allocate more new flats to first-time homebuyers, starting from next BTO exercise on Aug 30
Channel NewsAsia - Commentary·2022-08-27 12:11
SINGAPORE: With effect from the next Build-To-Order (BTO) launch on Aug 30, more newly-constructed flats will be allocated to families and singles applying for the first time, in view of strong housing demand from this group and to increase their chances of securing their first homes.
In a joint press release issued on Saturday (Aug 26), the Ministry of National Development (MND) and the Housing and Development Board (HDB) announced that from the August 2022 BTO exercise, at least 95 per cent of four-room and larger flat supply in non-mature estates will be set aside for first-time family applicants - up from 85 per cent currently.
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