Tag Archives: BTO

7,000 HDB flats to be made available in next three months

Posted on 2 Oct 2009 | Comments Off on 7,000 HDB flats to be made available in next three months

The Housing and Development Board (HDB) will release 7,000 new flats in the next three months, to cope with strong market demand.

This is more than that offered in the first nine months of the year.

From now to December, the HDB will launch 5,000 new flats for sale under its Build-to-Order (BTO) scheme.

These will be in both new and mature towns, including 1,700 units in Dawson estate in Queenstown.

The Dawson developments will be part of the HDB’s Remaking Our Heartlands programme.

This is the second time this year that authorities are bumping up the supply of new flats, and the move should please some first-time homebuyers.

In July, National Development Minister Mah Bow Tan announced that the HDB will build 8,000 flats this year, up from the original target of 6,000. But speaking to reporters on Thursday, he said continued strong demand from homebuyers in July and August has prompted his ministry to revise its target upwards once more. Continue reading →

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Married, but no place of their own

Posted on 20 Sep 2009 | Comments Off on Married, but no place of their own

Mr Jayce Ng and his wife Jacelyn, both 30, live in separate homes as they wait for an affordable flat. — ST PHOTO: ALPHONSUS CHERN

Each time after a movie or dinner date, married couple Jayce Ng and Jacelyn Yong return to separate homes.

He goes to his parents’ apartment in Hume Avenue and she to Hougang.

The couple, who are both 30 and registered their marriage last year, have yet to find a home to call their own, priced out by the current property rally.

‘I recently received a text message from an agent, who gave a listing of 10 Bukit Panjang flats, all asking for cash over valuation (COV) of between $40,000 and $50,000,’ said Mr Ng, a process analyst. ‘But we just can’t fork out the cash.’ Continue reading →

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