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HDB: only 3 BTO exercises in 2024;19,600 units launch

Jan 15,2024 | OnSmart Living

 

In a noteworthy departure from the norm, the Housing and Development Board (HDB) has announced a recalibration in its approach to Build-to-Order (BTO) exercises for 2024. Breaking from the tradition of four BTO exercises, HDB will host three launches throughout the year, heralding a shift in strategy to enhance the housing selection process for aspiring homeowners.

 

Photo Source: HDB

Three Instead of Four: A Shift in BTO Exercises

In a departure from the norm since 2015, HDB will hold three BTO sales exercises in 2024 – in February, June, and October. This strategic move translates to a larger housing supply at each launch, providing homebuyers with a broader range of flats and locations to choose from.

Introducing Standard-Plus-Prime:

The October 2024 sales exercise marks a significant shift with the introduction of the Standard-Plus-Prime flat classification. This replaces the previous categorization of housing estates as mature or non-mature. Your home is not just a space; it's a reflection of your lifestyle.

Location Matters: February 2024 BTO Exercise Details

In the upcoming February 2024 BTO exercise, approximately 4,100 BTO flats will be offered in areas such as Bedok, Queenstown, Choa Chu Kang, Hougang, Punggol, and Woodlands. Additionally, around 1,500 Sale of Balance Flats (SBF) units will be available.

Reduced Waiting Times: A Goodnews to Homebuyer:

HDB is committed to reducing waiting times, with a focus on ensuring that 75% of the new flats launched in 2024 will have waiting times of four years or less. This strategic move aligns with HDB's goal of providing quicker access to affordable housing options. HDB completed about 21,400 flats across 23 housing projects in 2023. Despite challenges, 80% of pandemic-delayed projects were delivered. 


As the housing landscape undergoes transformation, homebuyers are encouraged to explore Smart Home Solutions that seamlessly integrate with the new housing classifications. From standard to prime, these solutions promise a technologically advanced and convenient living experience.We're committed to supporting this initiative by offering Smart Home Solutions that seamlessly integrate with your new home. 

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