fbpx

New Rules for BTO application? Good news or bad news?

Property analysts predict that stricter rules for Built-to-Order (BTO) flats will result in fewer applicants beginning in August. These new rules include limiting the number of times a person can apply for a flat and requiring a longer minimum occupancy period before selling a flat. Analysts believe that this will increase demand for resale flats and private properties.

Andy’s point of view: The government’s new rules for BTO flats are intended to keep public housing affordable for Singaporeans. This, however, may have unintended consequences, such as increasing demand and prices for resale flats and private properties. In the coming months, it will be interesting to see how the market reacts to these changes.

Share it!

Related articles

Greater increase in condo and HDB rents in February as volumes decline

Rents in Singapore’s Housing and Development Board (HDB) flats and condominiums increased more sharply in February 2023 compared to the previous month. The rental volume, on the other hand, has been declining. The SRX Property Rental Index, which measures monthly rents in Singapore, provided these findings. According to the data, while rental rates are increasing, […]

Share it!
Learn More

ABSD increase yet again

ABSD increase impact foreigners and Entities most Foreign buyers and businesses have become more active in the Singapore property market in recent year, and so the government thinks that the higher stamp duty rates, together with an additional 30% to 35% stamp tax for foreigners and companies, will discourage speculative buying and bring property prices […]

Share it!
Learn More

Your bto or resale flat can be taken away from you if

The Housing and Development Board of Singapore took action against 25 people who bought a public housing flat and broke the rule of having to live in it for a certain amount of time before selling it. These cases happened over the course of five years, from 2017 to November 2022. Out of the 25 […]

Share it!
Learn More

Leave a Reply

Your email address will not be published. Required fields are marked *