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Construction Backlog and BTO Exercise Updates
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Construction backlog remains high, while contractor confidence remains strong. The application rates for Singapore's October BTO exercise were lower, attributed to new rules and delayed launch. Two prime location projects in Kallang and Tanglin Halt were launched in the October BTO exercise, with tightened rules for non-selection and new priority categories.
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How might the high construction backlog and tightened rules in the BTO exercise impact the housing market in Singapore?
How might the introduction of new priority categories in the BTO exercise influence the housing preferences of different groups in Singapore?
What strategies can contractors adopt to navigate the challenges faced by the industry?
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