Committee of Supply 2023 debate, Day 5: Louis Chua on improving BTO system
The long wait for Build-to-Order (BTO) flats is not just an “inconvenience” but seriously affects Singaporeans’ life plans, said MP Louis Chua. Speaking in Parliament on Thursday (Mar 2), he pointed out that it is time for a “fundamental rethink” of the BTO system. He said the risk of marginal excess supply of flats would be worthwhile taking to achieve the social need to reduce average BTO wait times and in turn support Singaporeans in charting their lives and starting new families.
The long wait for Build-to-Order (BTO) flats is not just an “inconvenience” but seriously affects Singaporeans’ life plans, said MP Louis Chua. Speaking in Parliament on Thursday (Mar 2), he pointed out that it is time for a “fundamental rethink” of the BTO system. He said the risk of marginal excess supply of flats would be worthwhile taking to achieve the social need to reduce average BTO wait times and in turn support Singaporeans in charting their lives and starting new families.
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