Reduce Waiting Time for BTO Flats
Today, the waiting time for standard BTO projects is mainly down to actual construction time, which takes about 3 to 4 years.
To reduce the waiting time for couples buying their first homes, we have introduced several measures over the years:
• From 2011, we started building flats ahead of order, with construction typically commencing soon after the launch of the BTO project. Before that, tender would proceed only after 70% of the flats have been booked.
• In 2017, we further advanced the construction of selected BTO projects, about one year ahead of their launches. The first batch of about 1,000 BTO flats with shorter waiting time will be launched in the 2nd half of 2018, in Sembawang, Sengkang, and Yishun. Buyers can expect to get their flat in about 2.5 years from the application of the flats.
• We have also adopted various productivity measures, such as the use of precast technology to expedite construction and maintain quality standards.
Those who are in urgent housing need can consider applying for balance flats under the Sale of Balance Flats and Re-Offer of Balance Flats exercises.