The government is looking into decreasing the waiting time for public housing, and that means couples and families planning to bid for Build-To-Order (BTO) flats can look forward to getting them in two to three years instead of three to four years. According to National Development Minister Lawrence Wong, this move, when implemented, will bring forward construction and building ahead of certain BTO launches.
But there will still be a range of BTO flats with varying waiting times to offer more options for home buyers, as it’s not possible to build all the flats within such a short period of time.
Wong told The Straits Times that the shorter wait will be put into practice as soon as possible, after the Housing Board finalises all the details and the steps to take to advance the construction process. As for whether there will be a price tag that comes with a shorter wait, Wong said it’s likely that prices will fluctuate more according to location.
