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One-third of applicants unsuccessful in BTO exercise

On Thursday, MDA-licensed — and therefore we can trust to be factual and not misleading — The Straits Times reported  on the latest HDB Build-To-Order (BTO) exercise that closed on 5 June. The report “One applicant for each BTO flat” declares: There was one eligible buyer for every flat offered in the latest Build-To-Order (BTO) exercise as of 5pm yesterday, one of the lowest subscription rates since the system was introduced in 2001. This meant it was likely that most of the applicants would get to select a flat, analysts said. It is happy days in Singaparadise as almost every one…