Nov 2021 BTO application rate down 51% compared to Aug 2021 BTO exercise

EdgeProp Singapore

November 25, 2021

SINGAPORE (EDGEPROP) - Based on HDB’s data for the August 2021 Build-To-Order (BTO) sales exercise there were about 17,811 applicants vying for 4,501 new BTO flats. This translates to an average application rate of 4.0 as of 5pm on Nov 23.

This figure is down 51% from the 8.1 application rate that was clocked during the August 2021 BTO sales exercise which saw 4,989 BTO flats launched.

According to Ismail Gafoor, CEO of PropNex Realty, the drag in the number of applicants in the latest BTO sales exercise is due to a lower-than-expected turnout for some projects in non-mature estates at Tengah and Jurong West. Projects in these areas recorded application rates that range from 1 to 3.

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