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Hike in BTO supply may ease HDB resale price surge, but construction delays still a concern
"One of the main reasons people turn to the resale market is because they can't afford the longer waiting time which comes with a BTO flat. And this waiting time is further extended by the pandemic. Introducing new BTO flats won't solve that problem," one analyst said. "However, if the government can give a guarantee that they'll complete the projects within certain years and offer compensation if it's delayed, they can increase people's confidence. The longer the delivery time, the less effective it is."
