Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223692
Title: ENHANCING THE EFFICIENCY OF THE BUILT-TO-ORDER PUBLIC HOUSING SCHEME IN SINGAPORE
Authors: KOH SHU TIAN JANICE
Keywords: Real Estate
Alice Christudason
2010/2011 RE
Issue Date: 14-Apr-2011
Citation: KOH SHU TIAN JANICE (2011-04-14). ENHANCING THE EFFICIENCY OF THE BUILT-TO-ORDER PUBLIC HOUSING SCHEME IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: The Built-to-Order Scheme (BTO) is the primary mode of sale for Housing and Development Board (HDB) flats. Under the scheme, HDB constructs new flats according to demand. In recent years, reports have shown that BTO projects are facing the problems of high oversubscription and dropout rates. This study seeks to examine the root causes of these problems. Secondary research is done to obtain relevant information and statistics. The primary research consists of interviews with five BTO home buyers, a survey and an interview with HDB, the authority which oversees the administration of the scheme. The survey is conducted on 250 respondents who were at least once applicants of the BTO scheme. By obtaining differing opinions and perspectives of the different stakeholders, a holistic understanding of the issues underlying the scheme is obtained. A variety of causes for the two main problems have been identified and categorised into three groups: Macro property market conditions and the housing landscape of Singapore; Inherent shortcomings within the scheme; and Psycho-demographics and attitudes of the applicants. Statistics from survey results provide strong evidence to support the prevalence of certain phenomena discussed. Factors with regards to the macro property market conditions and the housing landscape include over-demand for public housing, escalation of property prices and Singapore’s homogeneous public housing landscape. Inherent shortcomings of the scheme include the limited choices, less-than-stringent application process, system which accepts a high number of applicants, equity of the ballot and penalty systems, uncertainty of the scheme and the long waiting period. Psycho-demographic factors include unrealistic expectations among Singaporean young couples of their first home purchases, lack of crucial knowledge regarding the BTO scheme and ‘take-for-granted’ attitude towards public housing provision. With a thorough understanding of the various causes of the two main problems, recommendations, using a multi-prong approach, are formulated to fine-tune the scheme.
URI: https://scholarbank.nus.edu.sg/handle/10635/223692
Appears in Collections:Bachelor's Theses

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