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From 2019 to 2021, 20 to 24 per cent of first-time households have been profitable on their first try for a Construct-to-Order (BTO) flat in mature estates, says Minister for Nationwide Growth Desmond Lee.
This can be a written response to a parliamentary query by Employees’ Get together Member of Parliament (MP) He Ting Ru on Nov. 30.
He introduced up just a few questions pertaining to Housing and Growth’s (HDB) BTO purposes in mature estates during the last three years:
- What number of candidates are profitable of their BTO flat software on their first try?
- What’s the median variety of makes an attempt for a BTO flat earlier than acquiring a profitable software?
- What number of purposes required greater than 5 makes an attempt for a profitable software?
- What’s the most variety of failed makes an attempt that an applicant places in for a BTO flat?
On the success charge of getting a BTO flat
“From 2019 to 2021, the share of all first-timer households who have been profitable on their first mature property BTO try was between 20 and 24 per cent,” mentioned Lee.
There’s usually a excessive demand for BTO flats in mature estates, and given the sturdy demand and restricted flat provide, not all candidates are profitable.
As such, candidates are inspired to use for studios in non-mature estates to enhance their probabilities of securing a BTO flat.
“Just about all first-timer households who apply for non-mature property BTO flats got an opportunity to pick a flat inside their first three tries, and nearly 90 per cent got an opportunity to pick a flat inside their first two tries.”
The median variety of makes an attempt for BTO flats in mature estates earlier than a profitable software was one.
Nevertheless, Lee identified that it could not be consultant to take a look at the utmost variety of failed makes an attempt for a BTO flat in mature estates earlier than candidates are profitable.
He attributes this to some candidates not having an pressing want for a BTO and could also be solely making use of to BTO initiatives in mature estates or extra engaging BTO initiatives solely.
“Nonetheless, our data present that over the previous three years, of all first-timer households who have been profitable for mature estates BTO flats, lower than two per cent took greater than 5 tries,” mentioned Lee.
Why do some profitable candidates select to not choose a unit?
In a separate query, the Folks’s Motion Get together’s MP Mariam Jaafar introduced up the problem of those that are profitable of their poll for HDB BTO flat however select to not choose a unit and if the explanations differ between candidates in mature and non-mature estates.
Lee responds that about 4 in ten candidates who have been profitable for a BTO flat selected to not choose a flat.
The explanations for not choosing a flat are related throughout candidates of BTO flats in each mature and non-mature estates.
“Frequent causes cited by such candidates have been their most popular items not being out there, wanting to use for studios in different gross sales workouts, or having determined to buy a resale flat as an alternative,” defined Lee.
Lee understands that some candidates might have real causes for not choosing a flat, however they crowd out others with extra urgent housing wants.
Subsequently, HDB encourages all candidates to e-book a flat when invited to take action. Those that select to not will likely be issued a non-selection rely.
First-timer households who accumulate two non-selection counts can have their subsequent flat purposes moved to the second-timer class for a yr.
Second-timer households who’ve two on-selection counts won’t be able to take part in subsequent gross sales workouts for a yr.
“That is to be truthful to those that have extra urgent housing wants.”
High picture from Gettyimages
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