12,000 BTO flats to be built this year

The Housing and Development Board (HDB) will build about 12,000 new Build-To-Order (BTO) flats this year, if demand is sustained.

National Development Minister Mah Bow Tan said this would be supplemented by flats under the Design, Build and Sell Scheme as well as executive condominiums.

In reply to a Parliamentary question, Mr Mah said HDB is committed to ensuring a sufficient supply of new flats.

Last year, the housing board sold 13,500 new flats, half of which were launched in the last quarter to meet strong demand.

Mr Mah said HDB will continue to monitor changing demand and will make necessary changes to the BTO programme, to ensure that there is adequate supply of affordable public housing for the various income groups.

Source : Channel NewsAsia – 13 Jan 2010

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