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)