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Do We Really Need To BTO Still? 8 Outdated Property Practices That Need To Change In Singapore

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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kopi lim
kopi lim
1 year ago

It is my view that the crazy resale HDB prices will continue to rise unabated for at least the next 10 years. There is just too much pent up demand from 2 years of construction delays for 35% to put even a dent in.

Also IMO but resale HDB prices will never be artificially depressed or manipulated back to a more sensible level. Your average Singaporean citizen who went all in on his flat and looks to it as a secure investment cum own stay property is likely to flip table and switch allegiances at the next toto shading session.

Stacked Homes
Admin
1 year ago
Reply to  kopi lim

Thanks for sharing your thoughts. Hopefully prices would not continue in its current trajectory as it could be quite unsustainable for the new generation of buyers. Over time, the increase in supply and reduction in lease remaining should see prices come down to a more affordable level, we hope.

Andrew
Andrew
1 year ago

in 1990, a HDB 5 room executive apartment costs $101K. Today, a smaller 5 room flat under BTO will cost $400-500K. Almost 4-5 times more. Even allowing for inflation, the increase is incomprehensible. Any reasons for such a high price since HDB doesn’t pay anything for public land? or it isn’t true any more?

Stacked Homes
Admin
1 year ago
Reply to  Andrew

Well Singapore’s inflation isn’t as high as real estate growth e.g. prices doubled between 2007 – 2013 but a plate of chicken rice didn’t, and HDB does factor in the location when it comes to pricing its BTOs – mature estate BTOs are more expensive due to its proximity to amenities and connectivity. HDB doesn’t price its BTOs to recover costs, however, prevailing market conditions does have a say in how it’s priced too. You can find out more about how HDB prices their BTOs at https://www.hdb.gov.sg/cs/infoweb/about-us/news-and-publications/publications/hdbspeaks/HDB-Does-Not-Price-Flats-to-Recover-Land-and-Building-Costs

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