More BTO Supply Should Cool Prices — But This Singapore Town Suggests Otherwise

When the development of Punggol New Town was underway, the Build-To-Order (BTO) launches were nearly back-to-back as the government pressed on with plans to transform the area into the newest public housing estate at the time.

This resulted in overlapping waves of new flats that entered the market, as projects were completed and subsequently eligible for resale after they fulfilled their minimum occupation period (MOP).

Typically, we see new BTO flats enter the market in phases throughout the year, and new public housing supply in most HDB towns and estate is relatively sporadic and irregular – barring master planned areas like Tengah and growth areas like Berlayar.