Residential
9,707 BTO flats to be released by HDB this year
A total of 9,707 Build-To-Order (BTO) flats will be released by the Housing Development Board (HDB) this year. Out of the 6,454 flats that are put on sale this month, 3,383 are balance flats that are offered under the Sale of Balance Flat exercise, while the remaining flats are offered under the BTO scheme. Subsequently, another 3,071 BTO flats will be released in non-mature estates such as Bukit Batok and Woodlands. According to Nicholas Mak from SLP International, two-room flats are most popular among singles at the last BTO launch. Flats in Woodlands are expected to a hot favourite among buyers as the Woodlands Regional Centre is slated to be constructed as part of the draft Master Plan 2013. Eugene Lim from ERA Realty predicts that HDB prices will smoothen as demand for resale flats stabilises.
(Source: Business Times)
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