October BTO exercise to receive increased interest from singles

Experts cite four Prime flats that singles will likely apply for.

The October BTO exercise is likely to attract keen interest from singles, especially those with limited financial means, said OrangeTee.

The real estate expert said the October BTO exercise allows singles to "buy flats at a much lower price compared to resale flats or private housing."

"The opportunity for singles to purchase a unit in city fringe areas and prime locations, particularly downtown, is a positive move as it may reduce commuting time for individuals working in the CBD," OrangeTee said.

"Successful applicants will no longer need to rent or incur the high cost of purchasing a private property to live closer to town," OrangeTee added.

Amongst the Prime flats, OrangeTee expects Towner Breeze (Kallang/Whampoa) to be popular among singles, particularly those working in the downtown area.

The Bayshore project in Bedok is also expected to appeal to singles seeking the allure of residing in the East by the sea.

Singles working in the East, such as those in the Changi Business District, are likely to consider 2-room Flexi flats in Kembangan Wave.

Meanwhile, Central Trio @ AMK, with its easy access to the Orchard shopping belt via the MRT line, is also expected to attract singles, according to OrangeTee.

PropNex anticipates an increase in single applicants, particularly in Ang Mo Kio, Bedok, Pasir Ris, and Kallang/Whampoa — areas previously classified as mature estates, where singles were not eligible to apply.

PropNex added that some singles may also wish to buy flats in these more established towns to be closer to their parents or family members residing in those areas.