[OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost citiesThrowawaytehpengcup t1_ivy9fex wrote
Reply to comment by lo_fi_ho in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Yea but the price of a Built-to-Order (BTO) is also based on the resale HDB market price.
Context: once you receive keys to your BTO flat, you have to fulfill a minimum accupancy duration (5 years) before you can sell them to the free market as a resale flat, where the price tend to be much higher even after a lot of government subsidies. Resale flats are quite expensive because you get to pick which HDB and location whereas BTO flats requires you to ballot (based on luck) + wait 7 years for it to be build.
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