An Auspicious Start

Our first BTO launch this year, offering 4,000 new flats in several towns, will close shortly.

The first-timer application rate is currently a comfortable 1.5.  Not surprising.  This is similar to the rate of 1.6 in the November BTO.  Both are good rates; they mean that practically all will get a chance to choose a unit.

Our goal to help young couples get their first homes is coming true.

We can now move on to better help the second-timers. Their application rate is currently 23.9, compared to 25.9 in the November BTO.

I hope to be able to announce some changes to BTO balloting rules for the next BTO launch in March.

Let me use this opportunity to wish all Singaporeans a Happy Holiday and for the Chinese a great Dragon Year ahead!

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