Additional BTO ballot chance for 'prioritised first-timers' a fairer move than reserving more flats for them: Analysts
SINGAPORE — It is better to give Built-to-Order (BTO) flat applicants who are "prioritised first-timers" another ballot chance rather than allocating more units in such public housing developments to them, property analysts said.
- Families with children as well as married couples aged 40 and below looking to secure their first home will receive more support in the form of an extra ballot chance for their BTO flat applications
- This was announced by Deputy Prime Minister Lawrence Wong as part of Budget 2023
- Property analysts said that the extra ballot is a fairer advantage rather than setting aside flats for this sub-group
- This is because this group of applicants may be small in number and their numbers may differ in different BTO sale exercises
16 Feb 2023 12:22AM
(Updated: 16 Feb 2023 11:24AM)
Source: TODAY
