Take-Up Rates of Different Flat Types in BTO Exercises

Mr Gan Thiam Poh asked the Minister for National Development (a) in the past two years what is the take-up rate for each flat type of BTO flats; (b) what is the number of HDB resale flats transacted for each flat type for each of the last two years; and (c) whether the Ministry will consider the option of executive flat type as a separate category from the 5-room flat type in the flats selection exercise for relevant BTO projects.

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In 2010 and 2011, the take-up rates for BTO exercises were above 90% for all flat types except for 2-room flats. Take-up rates for 2-room flats were 29% in 2010 and 44% in 2011. Nonetheless, the unsold flats will eventually be taken up during the Sale of Balance Flats Exercise when they are nearer completion.

For the resale market, there were about 32,300 resale transactions in 2010; 3-room and 4-room flats were the most commonly transacted flat types, at 30% and 36% of total transactions respectively. In 2011, there were about 24,600 resale transactions. 3-room and 4-room flats were again the most commonly transacted flat types, also at 30% and 36% of total transactions respectively.

As for Executive Flats, HDB no longer builds them. A small number of repossessed Executive Flats were offered for sale under Sale of Balance Flats exercises. Their numbers are small and HDB has consolidated them with the 5-room flats to give flat applicants more choices.

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