Higher BTO demand expected after income ceiling raised, but supply can keep pace: Chee Hong Tat
Minister for National Development Chee Hong Tat says Singapore will keep “building more, building faster” to meet higher BTO demand, while more resale supply could help stabilise prices.
Singapore's Minister for National Development, Chee Hong Tat, expects higher demand for Build-to-Order (BTO) flats after the government raised income ceilings. According to Tat, there will be sufficient supply to meet this increased demand, which the government is committed to meeting through continued rapid construction. The rising number of eligible BTO buyers could also help stabilize resale prices, as some demand may shift from the resale market to BTO flats.
The government aims to offer at least 55,000 new BTO flats between 2025 and 2027, with a goal of exceeding this number if demand remains strong. In addition, the administration is planning to offer extra ballot chances for first-time families with each Singaporean child aged 18 and below starting next February.
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