Not practical at all.
First, more people will rush to apply, but many will end up unsuccessful in getting a unit.
Second, this will drive up resale prices even further, making it even harder for those who didn’t secure a BTO.
Third, those who do get a BTO will likely sell it later at a higher price in the resale market, hoping to cash in on the “lottery effect.”
I suggest allowing each Singaporean couple to apply for a BTO only once, but still granting them access to two HDB housing loans. This way, the profit they earn from their first HDB can give them a financial head start in life. To ensure long-term stability, a portion of the proceeds — say 50% — should be locked into their retirement account. This helps reduce the amount of money flowing back into the property market or being spent on non-essential things like gambling.