35% more BTO flats to be launched in 2022 and 2023, private housing supply to go up sharply, too: Desmond Lee

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SINGAPORE — To meet growing demand for housing, the authorities will launch up to 23,000 Build-To-Order (BTO) flats yearly in 2022 and 2023 — a 35 per cent jump from the 17,100 flats launched this year.

The Government will also raise the supply of private housing via the Government Land Sales programme, which releases state land for development, National Development Minister Desmond Lee announced on Thursday .

Next year, BTO flats would be launched across mature and non-mature towns, such as Bukit Merah, Jurong West, Kallang Whampoa, Queenstown, Tengah, Toa Payoh and Yishun. The demand is being driven by a number of factors including more marriages as the larger cohorts of those born in the late 1980s to 1990s reach marriageable age as well as by the growing trend of smaller households.

 

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