Yet-to-launch BTO flats being built in Clementi, Toa Payoh, Bukit Merah

Resale flat price growth could slow down with the building of yet-to-launch Build-to-Order (BTO) projects. Market watchers also say such projects could also help to ease demand for resale public housing flats. Construction of hundreds of new BTO flats are in full swing well ahead of the official sales launch. The projects are located in Clementi, Toa Payoh and Bukit Merah. Industry watchers say the move to "build before order" could help to allay concerns over supply shortages, induced by the COVID-19 pandemic. This is especially as resale prices in some of these locations have hit the million-dollar mark. Alexandra Anand reports.