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'Underwhelming' application rate of 1.4 for October BTO exercise as new non-selection penalty kicks in

https://www.todayonline.com/singapore/underwhelming-application-rate-14-october-bto-exercise-new-non-selection-penalty-kicks-2278251

SINGAPORE — The Build-to-Order (BTO) sales exercise for October saw an overall application rate of about 1.4 times its available supply, a few hours before applications for flats were slated to close on Tuesday (Oct 10) night.

3 comments

HidingCat

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I do wonder if the HFE issues have to do with it as well, Overall it's actually good news, as it means people who really need a flat are a lot more likely to get it.

peachfaced

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I suspect that contributed to the situation, but you won't hear them criticizing their own changes to policies.

I know someone who applied more than 2 months in advance, had it stuck in pending status, sent reminders because the launch was coming, and only got it approved 1 day before BTO launch.

HidingCat

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At least they got theirs. They should be feeling pretty good about their chances now at least! Hope they get the home they want.