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Hot HDB resale market, higher building costs pushing top range BTO prices closer to million-dollar mark: Analysts

An artist's impression of the Build-to-Order (BTO) flats at Central Weave @ AMK.

An artist's impression of the Build-to-Order (BTO) flats at Central Weave @ AMK.

Prices of Build-to-Order (BTO) flats across all flat types have been on the rise since 2015, a trend which has picked up pace since 2019.
Property analysts said that this was due to a hot resale market, growing construction costs and more BTO launches in central areas.
The recent Central Weave @ Ang Mo Kio BTO, launched last month, saw BTO prices almost touch S$900,000.
Property analysts said that a million-dollar BTO is “only a matter of time” given rising inflation and construction costs.
However, they believe that the Government will keep such a scenario from happening for as long as possible and ensure that affordable BTOs are available to Singaporeans.
4 STORIES REMAINING

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