{"id":113092,"date":"2019-12-16T14:05:24","date_gmt":"2019-12-16T07:05:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/"},"modified":"2019-12-16T14:08:48","modified_gmt":"2019-12-16T07:08:48","slug":"up-to-17000-bto-flats-to-launch-next-year-lawrence-wong","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","title":{"rendered":"Up to 17,000 BTO flats to launch next year: Lawrence Wong"},"content":{"rendered":"


\nThis is to meet the additional demand for houses after key policy changes.\u00a0
\nNational Development Minister Lawrence Wong revealed that HDB will be launching 16,000 to 17,000 Build-To-Order (BTO) flats next year to meet additional demand after the roll-out of key policy changes this year, reported The Straits Times.
\nIn September, the Ministry of National Development (MND) unveiled a new Enhanced Housing Grant (EHG)\u00a0and raised the income ceiling for buyers.
\nWith the new grant, young HDB flat buyers can enjoy up to $80,000 in grants when they purchase a new flat, and up to $160,000 in grants when they opt for a resale HDB flat in the open market.
\nIn his blog post, Wong noted that the projected number of BTO flats for 2020 is more than the supply of 14,000 flats for this year.
\n\u201cBesides ensuring housing affordability, we also want existing HDB flats to remain good homes for their owners. Hence, we are investing significantly in the upgrading of HDB estates,\u201d he said.
\nIn fact, the government has spent around $3 billion on various HDB upgrading programmes in the last five years.
\n\u201cIn the coming years, we will continue to do more to provide better, greener and smarter homes across all HDB precincts,\u201d added Wong.
\nPropertyGuru: Grants and increased income ceilings will create more demand for new and resale HDB flats
\nWhile HDB has announced that more BTO flats will be built in mature estates\u00a0to provide first-time buyers with more options, the PropertyGuru Market Outlook report predicts that this will\u00a0\u00a0
\nAccording to the PropertyGuru Market Outlook report, more BTO launches in mature estates could result in a slight price moderation of resale flats in the same estates. However, resale demand will not fall as the recently increased grant amount for resale flats will also give sellers more leverage in their asking prices.
\nAdditionally, the increase in income ceiling for BTO and EC homes will also bring about a new pool of demand. BTO flats in mature estates are likely to be multiple times oversubscribed, funneling first-time buyers into the resale market.
\nRead the Singapore Property Market Outlook 2020 Report here.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Up to 17,000 BTO flats to launch next year: Lawrence Wong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is to meet the additional demand for houses after key policy changes.\u00a0 National Development...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-113092","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tq4","jetpack-related-posts":[{"id":38179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flat-supply-to-taper-in-2017-lawrence-wong\/","url_meta":{"origin":113092,"position":0},"title":"BTO flat supply to taper in 2017: Lawrence Wong","date":"December 15, 2016","format":false,"excerpt":"\r Fewer BTO flats will be launched next year, but the government will look to shorten waiting times for applicants. (Photo: Erwin Soo, Wikimedia Commons)\u00a0 The government will gradually taper the supply of Build-To-Order (BTO) flats in 2017, with the HDB launching around 17,000 units, down from the 18,000 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-maintain-a-steady-supply-of-flats-next-year-wong\/","url_meta":{"origin":113092,"position":1},"title":"HDB to maintain a steady supply of flats next year, Wong","date":"December 15, 2017","format":false,"excerpt":"\r The Housing and Development Board (HDB) will keep a steady supply of around 17,000 new flats in 2018, comparable to the 17,584 flats launched this year, revealed Minister for National Development Lawrence Wong. \u201cWe will continue to calibrate our flat supply carefully, taking into account underlying demand and the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49345,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-hdb-resale-a-buyers-market\/","url_meta":{"origin":113092,"position":2},"title":"Get the Guru View: HDB resale – A buyer\u2019s market","date":"March 24, 2017","format":false,"excerpt":"\r Upcoming BTO launches could draw demand away from the HDB resale market. The HDB resale market has seen prices stay flat since Q2 2015. With an increase in the grants available for use, will this market start to see a pickup in 2017? We give you the Guru View.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Guru-View-HDB-Resale-Price-Index-and-Transcation-Volume.jpg?fit=792%2C442&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4089-flats-in-september-sales-exercise\/","url_meta":{"origin":113092,"position":3},"title":"HDB launches 4,089 flats in September sales exercise","date":"September 12, 2019","format":false,"excerpt":"\r A total of 3,373 Build-To-Order (BTO) flats were launched in Punggol and Tampines, which were spread across three projects \u2013 Punggol Point Crown, Punggol Point Cove and Tampines GreenGlen. The Housing Board launched 4,089 flats for sale on Wednesday (11 September), just a day after National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bto-projects-to-be-announced-earlier-balloting-time-shortened\/","url_meta":{"origin":113092,"position":4},"title":"New BTO projects to be announced earlier, balloting time shortened","date":"March 8, 2019","format":false,"excerpt":"\r HDB will start sharing information about upcoming BTO projects six months in advance, instead of the current three months. Those looking to buy Build-to-Order (BTO) flats will now have more time to plan ahead as the Housing and Development Board (HDB) will share information about upcoming BTO projects six\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/enhanced-housing-grant-to-boost-demand-for-hdb-resale-flats\/","url_meta":{"origin":113092,"position":5},"title":"Enhanced housing grant to boost demand for HDB resale flats","date":"September 11, 2019","format":false,"excerpt":"\r The new housing grant, streamlines two existing grants and comes with a higher wage ceiling. It also removed restriction on the location and type of flats being purchased. Analysts expect the Enhanced Central Provident Fund (CPF) Housing Grant unveiled on Tuesday (10 September) to further boost demand in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113092"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=113092"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113092\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}