BTO sales postponed due to extended circuit breaker

  • The sales of Build-To-Order flats that was scheduled to begin in May 2020 has been postponed until the next notice, said the Housing Board on 24th April 2020. This came as a result of the extension of circuit break until June 2020.
  • 3700 BTO flats and 160 assisted flats for senior citizens were scheduled to launch in May 2020.
  • HDB exercises new flats sales in February, May, August and November every year. HDB has not revealed any information about the effect of the circuit breaker on the coming sales launches but the experts opined that the August and November sales will also be deferred to accommodate the delayed launch of sales exercise which was scheduled in May 2020.
  • If the launch in May is postponed to be launched in June and July then the delay of August launch will be certainly on the radar of HDB to avoid supply influx in the market said, Ms Christine Sun, Head of Research and Consultancy at OrangeTee and Tie. The chances of HDB offering a new batch of flats after a launch are highly unlikely, she added.
  • 4100 more BTO flats are scheduled to be launched in August hence it is likely that both the August and November launch will be deferred too.
  • Chances of May and August combined aren’t likely either as it will not go down on the hands of buyers as people are allowed to apply for one home per exercise.
  • Last December, National Development Minister Lawrence Wong announced that 16K-17K new flats will be offered by HDB in 2020 which is higher than the 14.6K flats released in 2019.

Related Articles

Responses

Your email address will not be published. Required fields are marked *