Singapore’s public housing authority, Housing & Development Board, is stepping up its supply of new flats to meet increased demand.
In a news release issued on Thursday, it said that with the good response to recent Build-To-Order (BTO) launches, it will be increasing its BTO supply this year from 8,000 units to 9,000 units. The BTO system was introduced in 2001.
In addition, HDB launched a Sale of Balance Flats (SBF) exercise on Thursday, and offered another 2,132 flats for sale. The SBF consists of flats accumulated from earlier BTO exercises, surplus Selective En-bloc Redevelopment Scheme (SERS) replacement flats and repurchased flats, among others
‘It replaces the existing Balloting Exercise, Quarterly Sales and Half-Yearly Sales. HDB will only conduct the SBF as and when there are sufficient numbers of such flats accumulated,’ HDB said.
Source : Business Times – 1 Oct 2009
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