A viral TikTok video questioning why hundreds of flats from a Bukit Merah BTO project later appeared in the Sale of Balance Flats exercise has reignited debate about fairness and transparency in Singapore’s public housing system. The Housing Board has clarified that such units are typically unsold, unselected, or returned flats that are only offered after all eligible BTO applicants have had their chance to book a unit.

But the episode also reflects a broader frustration many homebuyers feel — repeatedly balloting for flats in popular locations and still coming up empty-handed. Nicholas Mak, Chief Research Officer, Mogul.sg joins the Breakfast Show to unpack how balance flats arise, why supply can appear suddenly in later exercises and what this reveals about demand patterns in Singapore’s housing market.

A viral TikTok video questioning why hundreds of flats from a Bukit Merah BTO project later appeared in the Sale of Balance Flats exercise has reignited debate about fairness and transparency in Singapore&rsquo;s public housing system. The Housing Board has clarified that such units are typically unsold, unselected, or returned flats that are only offered after all eligible BTO applicants have had their chance to book a unit.
But the episode also reflects a broader frustration many homebuyers feel &mdash; repeatedly balloting for flats in popular locations and still coming up empty-handed.&nbsp;Nicholas Mak, Chief Research Officer, Mogul.sg joins the Breakfast Show to unpack how balance flats arise, why supply can appear suddenly in later exercises and what this reveals about demand patterns in Singapore&rsquo;s housing market.

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Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

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Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.