With the potential delays in BTO projects due to Covid-19, it’s no surprise that many homeowners have moved towards resale HDBs instead – hence the price increases and new record prices being set every few months. And so, with that, the expected cooling measures finally came about.
But it’s not just about the cooling measures, the news of the increased BTO supply is very much music to the ears of expectant homeowners all over Singapore. Future homebuyers will be able to choose from a mix of new flats across mature and non-mature towns such as Bukit Merah, Jurong West, Kallang Whampoa, Queenstown, Tengah, Toa Payoh and Yishun in 2022.
That said, if you have much more urgent needs (and want a flat with a newer lease), your best bet will still be a flat that has just reached MOP (Minimum Occupation Period). This means it’ll just be 5 years old...