{"id":69746,"date":"2023-10-11T17:19:13","date_gmt":"2023-10-11T09:19:13","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=69746"},"modified":"2023-10-11T17:19:13","modified_gmt":"2023-10-11T09:19:13","slug":"bigger-flats-preferred-october-bto-exercise","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/bigger-flats-preferred-october-bto-exercise\/","title":{"rendered":"Why first-time homebuyers in Singapore are opting for bigger flats in the October BTO exercise"},"content":{"rendered":"
<\/div>\r\n

(Image credit: nic chi\u00a0on\u00a0Unsplash)<\/p>\r\n\r\n\r\n\r\n

In recent years, Singapore’s housing landscape has witnessed a notable shift. The October Build-To-Order (BTO) exercise<\/a> highlighted a growing trend: first-time homebuyers are increasingly leaning towards larger flats. But what’s driving this preference? Let’s delve into the reasons behind this trend.<\/p>\r\n\r\n\r\n

\r\n\r\n\r\n

Growing preference for larger flats<\/h2>\r\n\r\n\r\n\r\n

The October BTO exercise<\/a> revealed a pronounced demand for larger flats, especially in non-mature estates like Choa Chu Kang and Tengah<\/a>. As of the close of the exercise, approximately 1.6 first-time applicants were vying for each of the available five-room and three-generation flats in these regions.<\/p>\r\n\r\n\r\n\r\n

The trend isn’t isolated to the recent exercise. Data from the August BTO exercise<\/a> also showcased a significant demand for larger flats, particularly in mature estates like Tampines<\/a>.<\/p>\r\n\r\n\r\n

\n
\n
\n

HDBs in Tampines<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
\n
\n
\n \"349\n <\/div>\n
\n
349 Tampines Street 33<\/div>\n
Singapore 520349 \u00b7 D18<\/div>\n
\n
\n \"bedroom\"\n 3<\/span>\n <\/div>\n
\n \"bathroom\"\n 2<\/span>\n <\/div>\n
\n 1,356 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 728,000<\/div>\n <\/div>\n
\n