Number of HDB BTO Projects over Time
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
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.