{"id":123361,"date":"2021-11-22T02:55:26","date_gmt":"2021-11-21T19:55:26","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-for-bto-flats-due-to-hike-in-marriages-more-people-choosing-to-have-own-flat\/"},"modified":"2021-11-22T11:21:07","modified_gmt":"2021-11-22T04:21:07","slug":"higher-demand-for-bto-flats-due-to-hike-in-marriages-more-people-choosing-to-have-own-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-demand-for-bto-flats-due-to-hike-in-marriages-more-people-choosing-to-have-own-flat\/","title":{"rendered":"Higher demand for BTO flats due to hike in marriages, more people choosing to have own flat"},"content":{"rendered":"


\nThe overall number of BTO flat applications in 2020 was 87,800, up from\u00a038,500 in 2018\u00a0and 51,400 in 2019.
\nSingapore saw demand for Build-to-Order (BTO) flats more than double from 2018 to 2020, with the overall number of flat applications rising from 38,500 in 2018 to 51,400 in 2019, before jumping to 87,800 in 2020, reported Today citing the Housing and Development Board (HDB).
\nConsequently, the number of applications received for every BTO unit increased from 2.6 in 2018 to 3.7 in 2019 and to 5.8 in 2020.
\nFirst-time homeowners, comprising singles and families, fuelled demand.
\nHDB noted that applications from this group increased from 26,100 in 2018 to 55,300 in 2020.
\nThe number of first-timer families who applied for a BTO unit more than doubled to 51,400 in 2020 from 22,000 in 2018.
\nThe rate of increase from this group of buyers was sharper last year than in 2019, mirroring the overall trend in BTO applications in which first-timer families account for the vast majority of applicants.
\nThe number of first-timer singles who applied for a BTO flat declined from 4,100 in 2018 to 3,100 in 2019, before rising to 3,900 in 2020.
\nHDB attributed the strong demand for BTO flats to a higher number of marriages over the years and to more people opting to have their own flats.
\nCensus data showed that the number of married couples increased to 977,300 in 2020 from 880,800 a decade ago.
\nThe annual average of marriages registered between 2015 and 2019 stood at 23,600, up from the annual average of 22,400 posted between 2010 and 2014.
\nHDB expects housing demand to increase in the near term as more groups of those born in the late 1980s or 1990s reach marriageable age.
\nMeanwhile, more singles, young couples and elderly parents with adult children are living in their own flats instead of living together.
\nRelated article:\u00a0HDB Single Scheme: Single and Over 35? Should You Buy an HDB BTO or Resale Flat?
\nLast year\u2019s population census showed that the average resident household size declined to 3.2 persons in 2020 from 3.5 in 2010.
\nAbout 60% of the total households comprised three or fewer members in 2020, up from 44.5% in 2010.
\nThe proportion of single-person households also increased to 16% in 2020 from 12.2% in 2010, due to the growing number of singles and elderly.
\nHDB reiterated some of the efforts it has made to ensure that flats remain affordable over the years.
\nFor instance, the monthly household income ceilings for eligible applicants to acquire a flat from HDB has been raised in recent years.
\nSince September 2019, the income ceiling for families has been raised to $14,000 from $12,000 and to $7,000 from $6,000 for singles.
\nVarious housing grants were also provided, such as the Enhanced CPF Housing Grant, to help eligible buyers afford a new flat.
\nAbout 15,000 first-timer families received housing grants from 2018 to 2020, or 40% of first-timer families who purchased a new flat.
\nDuring the same period, around 3,000 first-timer singles or 64% of new, single flat owners, received housing grants.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Higher demand for BTO flats due to hike in marriages, more people choosing to have own flat<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The overall number of BTO flat applications in 2020 was 87,800, up from\u00a038,500 in 2018\u00a0and...<\/p>\n","protected":false},"author":1,"featured_media":123362,"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-123361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/hdb-singapore.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w5H","jetpack-related-posts":[{"id":121069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-new-bto-projects-in-mature-estates-increased-by-almost-50-says-hdb\/","url_meta":{"origin":123361,"position":0},"title":"Number of new BTO projects in mature estates increased by almost 50%, says HDB","date":"July 26, 2021","format":false,"excerpt":"\r In the last four years, almost 25,600 BTO flats were offered within older residential areas such as Queenstown, Bukit Merah, Tampines, Toa Payoh, Ang Mo Kio, Bishan and Clementi. The Housing and Development Board on Sunday (25 July) said the number of new Build-to-Order (BTO) projects in mature estates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BTO-FLAT-hdb.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":123361,"position":1},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-over-17000-bto-flats-next-near-says-desmond-lee\/","url_meta":{"origin":123361,"position":2},"title":"HDB to launch over 17,000 BTO flats next near, says Desmond Lee","date":"July 27, 2021","format":false,"excerpt":"\r HDB to launch over 17,000 BTO flats next near, says Desmond LeeDespite construction delays brought on by the COVID-19 pandemic, HDB is set to launch at least 17,000 BTO flats in 2022. The Housing and Development Board (HDB) is set to launch over 17,000 Build-to-Order (BTO) flats in 2022,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":72375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overall-subscription-rate-for-bto-flats-down-in-november\/","url_meta":{"origin":123361,"position":3},"title":"Overall subscription rate for BTO flats down in November","date":"November 21, 2017","format":false,"excerpt":"\r Tampines GreenCourt is nestled within the tranquil living environment of Tampines North, with several nearby parks. Despite the robust demand seen for three- and four-room flats in Tampines and Geylang, the overall subscription rate for Build-to-Order (BTO) flats continued to fall during the November sales exercise, reported Today Online.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-bto-exercise-sees-higher-demand-for-bto-flats-in-non-mature-estates\/","url_meta":{"origin":123361,"position":4},"title":"August BTO exercise sees higher demand for BTO flats in non-mature estates","date":"August 19, 2021","format":false,"excerpt":"\r 11,420 applicants applied for the 459 four-room units available at Hougang Citrine and Kovan Wellspring. Source: HDB The Housing and Development Board\u2019s (HDB) latest sales exercise saw greater demand for Build-To-Order (BTO) flats within non-mature estates, with four-room flats in Hougang registering the highest demand, reported Channel News Asia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/HOUGANG-CITRINE-BTO-AUGUST-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3739-flats-launched-in-first-hdb-sales-exercise-of-2019\/","url_meta":{"origin":123361,"position":5},"title":"3,739 flats launched in first HDB sales exercise of 2019","date":"February 13, 2019","format":false,"excerpt":"\r Artist\u2019s impression of the Towner Crest BTO project in Kallang Whampoa. Source: HDB The Housing and Development Board (HDB) on Tuesday (12 Feb) launched 3,739 flats for sale in this year\u2019s first Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. Of these, 3,162 BTO flats will be spread\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\/123361"}],"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=123361"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/123362"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}