November 2021 BTO exercise launches 4,501 flats for sale

Demand for the flats is expected to stay strong, according to OrangeTee.

4,501 flats from the Housing Development Board (HDB) go on sale under the November 2021 Build-to-Order (BTO) exercise. 

This is the last project launch for the year across nine projects in six towns. 

Buyers for these units will be restricted to the features of the Prime Location Public Housing (PLH) model, such as an extended minimum occupation of 10 years and clawback of additional subsidies by 6% of the release price. 

OrangeTee expects strong demand for flats after the BTO exercises for the month of November.  

Christine Sun, Senior Vice President of Research & Analytics, said that buyers will be drawn to the Rocher and Kallang/Whampoa locations due to their proximity to the CBD area.

The Rochor site is also expected to attract buyers, even with a longer completion period and smaller units. 

Launches in these areas are expected to be more than five times oversubscribed for first-timers of 4-room flats. Rochor, in particular, can be impacted due to the long completion period and longer MOP. 

Meanwhile, the least popular would be flats in Tengah, Sun said. Despite a gradual rise in subscription rates from 2.1 times in November 2020 to 3.2 times in May 2021, around 10,000 units have been launched from May 2019 to May 2021.

Around 2,000 units were launched in May 2019, with the application rate for the Tengah site to be around 2 to 3.5 times. 

Overall, Sun is expecting 30,000 applications, with around 4,500 units on offer for the launcher. This follows the approximate 40,000 applications for about 5,000 units in August 2021. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.
VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end.