HDB BTO Projects Supply Analysis – 2008 to 2018

HDB BTO Projects Supply Analysis – 2008 to 2018

Number of HDB BTO Projects over Time

Number of BTO projects launched between 2008 - 2018
BTO projects from 2008 to 2018

Between 2008 to 2018, HDB launched a total of 312 BTO projects.

That average out to around 28 BTO projects in a year.

BTO Projects Between 2015-2018

BTO projects from 2015-2018

In the recent 4 years between 2015 to 2018, HDB launched a total of 82 BTO projects. That is to say that every year, HDB launched an average of around 20 BTO projects a year. We can start to see a new average being established here.

In an article mentioned by Today, BTO flat supply between 2015 to 2019 are as follow:

  • 2019: 15,000
  • 2018: 15,800
  • 2017: 17,000
  • 2016: 18,000
  • 2015: 15,000

What we can expect for BTO projects moving forward is that the number of projects will remain the same at 18-20 projects a year or lesser.

What’s the implication?

As the amount of flats available decreases each year and the application rate for new BTOs are showing no signs of slowing down.

Based on the supply and demand theory of economics, we can expect that the expected resale value of flats will increase and as BTO flat prices are tagged to their resale counterpart, the prices of new BTO flats will be slowly creeping up as well.

Are you concern about the trend in the supply of BTO projects or have an alternative viewpoint? Please feel free to leave a comment to discuss.

BTO Projects Data Source: https://www.teoalida.com/singapore/btolist/
Analysis uses BTO data from 2008 to 2018.

Written by
Wei Long
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Wei Long

Wei Long is a data enthusiast and aims to advocate and to empower people to use data to make data-driven decisions.

He is a business analytics consultant and the business owner of Semicolon Works, a leather crafting workshop provider that promotes upcycling.

In 2018, He fell in love with data analytics and data visualization after joining Qlik which provides the engine and platform to enable individuals and enterprises to see the whole data story that lives within their data.

His passion is in data and helping people uncover new insights within them. He aims to use his experience, training, and diverse industry knowledge to get you as excited about data as he is.

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