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.
FLAT SUPPLYNational 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
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