But perceptions that new Build-to-Order flats are expensive continue to linger, according to this survey conducted in November.
Last year, the average price of a four-room unit in a non-mature estate was $295,000.
A third of the respondents did not know how much such flats cost, while another four in 10 overestimated the price.
The most common estimate, chosen by 28 per cent, was between $300,001 and $400,000.
That price range is higher than the average and includes many of the priciest units. Last year, more than eight in 10 new four-room flats went for under $350,000.
Another 11 per cent thought such flats cost between $400,001 and $500,000, while 5 per cent thought they cost even more.
Of the other respondents, 19 per cent estimated a price of $200,001 to $300,000, and just 3 per cent thought they cost less.
The survey was conducted via telephone with 1,477 randomly selected Singapore residents aged 20 and above. The results were weighted to be representative.
It also found that those who intend to buy a flat in the next one to two years are largely willing to pay as much as or more than actual Build-to-Order prices in non-mature estates (see table).
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