The resale prices of HDB (Housing and Development Board) flats in Singapore are influenced by multiple factors, including the supply of BTO (Build-To-Order) flats. We track the demand for BTO flats since 1960 and there is a correlation between the supply of BTO flats and HDB resale prices. When the demand for BTO flats exceeds the supply, it drives up the demand for resale properties and causes an...