Resale HDB Prices to Rise Even As More BTO Flats are Launched
27,000 Build-To-Order (BTO) flats have been released this year, and 20,000 more units are planned for next year. Despite the amped-up supply in new flats, experts believe that HDB resale flat prices are set to still increase.
This is because BTO launches do not affect resale flat buyers, and thus do not address the demands of this group. BTO flat prices are normally pegged to the current resale prices, but will be sold at a discount. Because of such attractive discounts, BTO flats are usually bought by first-time buyers, who wish to save on their first homes.
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