of Yishun and Jurong West developments in the latest Build-To-Order flat application exercise, said real estate analysts.
One key reason would be the shorter completion time, according to Mr Nicholas Mak, head of research and consultancy at ERA Realty Network. “Besides the general desire for larger units, it could be due to the lack of affordable larger units in the resale market,” said Mr Lee Sze Teck, senior director for research at Huttons Asia.
Analysts also said that availability of alternatives may contribute to the weaker subscription numbers. The upcoming Bukit Merah BTO project, located next to Redhill MRT in August, as well as one development in Queenstown in November, also offer alternatives for buyers-to-be in a relatively short time frame.
During CB and lockdown, noticed a lot of pregnancies so must quickly build more flats, and bigger ones, to cater for a new generation of baby boomers?
And I have to wait 6 years for mine!