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Limited supply of five-room BTO flats in central mature towns in the last five years due to space constraints: HDB
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Artist's impression of HDB's Bishan Towers Build-To-Order development.
PHOTO: HDB
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SINGAPORE - For many Singaporeans, successfully balloting for a Build-To-Order (BTO) flat in a centrally located mature housing estate is akin to striking the lottery.
Competition is stiff in the hotly sought-after estates of Toa Payoh, Geylang and Bishan, with the number of applicants per available flat sometimes veering into double digits, especially for five-room flats.
