Singapore’s June Build-To-Order (BTO) exercise saw reduced demand for flats located further from public transport, specifically in Sembawang. This shift is attributed to increased applicant interest in Prime Location Public Housing (PLH) projects, offering more central locations. Consequently, waiting times for non-Prime flats may decrease due to lower application rates. Analysts note that distance from Mass Rapid Transit (MRT) stations is a significant factor for prospective buyers. The increased popularity of PLH projects indicates a willingness among applicants to accept income ceilings and resale restrictions for more desirable locations. This trend suggests a potential recalibration of demand within the BTO system, influenced by location preferences. The HDB has not yet released official application figures for this exercise.
