Tag Archives: Build-to-Order scheme

HDB to launch 7,000 flats

Posted on 2 Oct 2009 | 3 comments

Potential home buyers can expect 7,000 more BTO flats soon.

THE Housing Board has moved aggressively to reassure flat buyers that there is ample supply amid growing concerns of affordability of housing in Singapore.

RELATED LINKS   FLAT SUPPLY

National Development Minister Mah Bow Tan said on Thursday that the board will ramp up its supply of build-to-order (BTO) flats from 8,000 to 9,000 units this year, and will make available 2,132 flats which are completed or nearly completed across the island for sale with immediate effect.

This means more than 7,000 flats will be on sale for the next three months.

The sale of completed flats, left from earlier BTO exercises, SERS and repurchased flats, will come under a new scheme called Sale of Balance Flats (SBF).

This will now replace the existing balloting exercise, quarterly sales, and half-yearly sales exercises. Continue reading →

3 Comments

Posted in HDB

Tagged , , , , , , , , , ,

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 →

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

Posted in HDB

Tagged , , , , ,