95% of new BTO flats set aside for first-timers

And they’re said to be going at prices around 14% to 35% cheaper than similar resale flats in their areas.

Reacting to this development, PropNex Corporate Communications Manager Mr Adam Tan said, “The Government has certainly responded to the public’s demand for affordable housing, especially for first-time buyers. This is especially so, given that at least 95% of the units, or 3,759 flats, will be set aside for these first-timers.”

The Build-To-Order projects are spread out over Punggol, Pasir Ris, Tampines, and Woodlands estates. Mr Tan explained all the estates are well-developed and should see a huge take-up rate from potential buyers.

Based on previous BTO launches, he expects the overall oversubscription rate to be around four times, with demand still high from first-timers.