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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