Resale flat prices are at their highest in around eight years, and it’s painful for first-time flat buyers. In this Covid-19 environment, with high risks of construction delays, picking between BTO and resale is the proverbial “rock and a hard place” scenario. However, have we developed a skewed perspective of how big the price difference really is? Here’s a look at how the price gap between BTO and resale HDB flats has changed over the years:
How did we derive the data for the following?
The following is based on transaction data from HDB. From here, we derived the average resale flat price for the given year and flat type. We then compared it to the average BTO price for the estate and flat type, in the given year.
As some of the information – such as BTO prices for some areas and years – are patchy,