{"id":36322,"date":"2016-11-29T11:30:17","date_gmt":"2016-11-29T04:30:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-from-second-timers-in-latest-bto-exercise\/"},"modified":"2016-11-29T11:48:42","modified_gmt":"2016-11-29T04:48:42","slug":"strong-demand-from-second-timers-in-latest-bto-exercise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-from-second-timers-in-latest-bto-exercise\/","title":{"rendered":"Strong demand from second-timers in latest BTO exercise"},"content":{"rendered":"


\nThis year\u2019s final Build-To-Order (BTO) exercise witnessed strong demand\u00a0as attractive locations help drive interest for\u00a0the projects on offer\u2014particularly from second-time home buyers, reversing the previous decline in overall subscription rate, according to media reports.
\nSubscription rates from\u00a0second-time home buyers for four-room units at Kallang Residences stood at 53.9, while that for three-, four- and five-room units in Bedok were all above 20. Meanwhile, nearly 3,700 second-timers applied for around 590 four-room units in Bidadari, reported TODAYonline.
\nProperty analysts attributed the robust demand from this group to the projects favourable locations. Century 21 chief executive officer Ku Swee Yong said this group, typically upgraders,\u00a0has greater spending power compared to first-time buyers and does not mind spending more for a centrally-located home.
\n\u201cSecond-time buyers may currently be living further away from the city, and they may wish to upgrade to a flat nearer to the Central Business District,\u201d added Caroline Koh, manager of research and consultancy at Suntec Real Estate Consultant.
\nNational Development Minister Lawrence Wong revealed in April that this year\u2019s ramped up supply of around 18,000 BTO flats will be gradually tapered off by his ministry to achieve a more sustainable level in the medium term.
\nHe underscored that applications from first-time buyers had stabilised at a rate of around 1.6 over the last 12 months.
\nAs at 5pm yesterday, the subscription rate from first-timers for three-room and larger units stood at 2.6.
\nWith demand \u201clargely satiated\u201d, Ku expects next year\u2019s BTO supply to be moderated.
\nSuntec\u2019s Koh, however, expects the first exercise in February 2017 to register strong demand as around 4,100 flats will be offered by the Housing and Development Board in Woodlands, Tampines, Punggol and Clementi.\u00a0\u201cThere seems to be a good selection of flats,\u201d she said.
\n\u00a0
\nNikki De Guzman, Editor at\u00a0CommercialGuru, edited this story. To contact her about this or other stories email\u00a0nikki@propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Strong demand from second-timers in latest BTO exercise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This year\u2019s final Build-To-Order (BTO) exercise witnessed strong demand\u00a0as attractive locations help drive interest for\u00a0the...<\/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-36322","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\/p75ss1-9rQ","jetpack-related-posts":[{"id":55905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flats-in-bidadari-geylang-most-sought-after\/","url_meta":{"origin":36322,"position":0},"title":"BTO flats in Bidadari, Geylang most sought-after","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Despite their higher prices, flats in the mature estates of Bidadari and Geylang attracted the most number of applicants in the Housing and Development Board\u2019s (HDB) latest sales exercise for Build-To-Order (BTO) flats, reported The New Paper. As of 5pm on Wednesday, the four-room units at the Dakota\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4089-flats-in-september-sales-exercise\/","url_meta":{"origin":36322,"position":1},"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":101231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nov-hdb-bto-launch-which-projects-are-the-most-attractive\/","url_meta":{"origin":36322,"position":2},"title":"Nov HDB BTO launch: Which projects are the most attractive?","date":"November 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Plantation Grove in Tengah. Source: HDB The Housing and Development Board (HDB) launched 3,802 Build-To-Order (BTO) flats for sale on Tuesday (13 Nov) under its latest sales exercise. \u201cThe final launch of BTO (flats) for 2018 sums up to a grand total of 15,811 units, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/11\/Nov-2018-BTO-Sales-Exercise.jpg?fit=624%2C316&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123369,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-four-room-flats-at-rochor-bto-projects-under-prime-housing-model\/","url_meta":{"origin":36322,"position":3},"title":"Strong demand for four-room flats at Rochor BTO projects under prime housing model","date":"November 22, 2021","format":false,"excerpt":"\r As of 2pm on 22 November, the subscription rate for 4-room flats stood at 4.1 for first-timers and 80.5 for second-timers, and 8.0 for the overall rate. Source: HDB Demand for four-room flats in the first Build-To-Order (BTO) projects under a new prime location public housing (PLH) model have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/hdb-flats-in-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/","url_meta":{"origin":36322,"position":4},"title":"5-room Bidadari flats more than 75 times oversubscribed by 2nd timers","date":"February 29, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB As of 5pm on Monday (29 Feb), the 236 five-room and 3Gen flats at Alkaff Oasis in Bidadari have emerged as the most popular units in the February Build-To-Order (BTO) exercise, with an application rate of 7.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":36322,"position":5},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. 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