December 31, 2013 / 12:56 AM / 4 years ago

SINGAPORE PRESS-Cut in supply of 3-room and larger BTO flats - Straits Times

After three years of ramped-up launches, the supply of new Housing Board flats will fall 3 percent next year to 24,300.

The drop comes from the number of new three-room and larger flats being slashed by nearly a fifth, to about 18,600 units.

But first-timers applying for such Build-To-Order (BTO) flats should not worry, say analysts, as their chances of securing them are unlikely to worsen.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Anshuman Daga; Editing by Anupama Dwivedi)

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