Expect attractive BTO projects in November: PropNex

Over 9,500 units will be offered in three locations.

Unsuccessful applicants in the previous HDB build-to-order (BTO) exercise will expect attractive projects in November 2022, property expert, PropNex, said.

In its analysis, PropNex Realty CEO Ismail Gafoor said over 9,500 units will be offered in several attractive locations, including three in Queenstown (Dover, Alexandra, Ghim Moh) and another in Kallang.

“Given the attractive locations of the projects in the November line-up, we may see an even larger turn-out of applicants,” said Gafoor.

Meanwhile, in the August 2022 BTO exercise, there are more first-timers going for the project in Tampines, which has the shortest waiting time.

“This perhaps indicates that some first-timers are prioritising getting the keys to their home as soon as possible, rather than the prospect of landing a flat in more central locations,” said Gafoor.

In August, the HDB revealed that almost 5,000 new flats were on sale, which were closed on 5 September.

It received “overwhelming interest” for the non-Prime Location Public Housing BTO projects in mature estates, specifically in Tampines and Ang Mo Kio.