Build-To-Order (BTO) projects are usually the first step for Singaporeans when it comes to owning a home.
But with it comes a long wait time of about four to five years.
Some of us may have also heard horror stories of couples waiting for a whopping seven years.
Source: Giphy
With wait times already this long, delays only make matters worse.
But, should we be pointing fingers?
In this article, we will be exploring the causes of BTO delays, what is being done to help those affected and what we can expect going forward.
Sengkang BTO Delay
The most recent delay affects buyers of the Anchorvale Village BTO project in Sengkang.
Here’s what happened.
The Anchorvale Village BTO was launched in November 2017 with an expected completion in Q1 2022.
After a series of delay announcements from the Housing Development Board (HDB) since 2020, the completion date will now be pushed back more than a year to May – July 2023 ....