‘Bumper crop’ of 12,000 flats available at November HDB launch

A “bumper crop” of 12,000 Housing and Development Board flats will be made available in November, National Development Minister Khaw Boon Wan announced on Wednesday (Sep 23).

The September launch of Build-to-Order flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August: A new 2-Room Flexi Scheme, an increase in the income ceiling, and enhancements to the Special CPF Housing Grant (SHG).

Said Mr Khaw in a blogpost on the MND website: “As implementation of any new policy does require some time, we therefore decided to delay the September BTO launch by a few weeks, so that these initiatives can benefit as many Singaporeans as possible starting from the very next BTO launch.

“We decided that a practical way is to merge the two launches into one mega launch in November.”

As a result, he said, there will be a bumper crop in November of about 7,000 BTO flats made available in six HDB estates: Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang.

In addition, about 5,000 flats will be released in a concurrent Sale of Balance Flats exercise.

“This means a combined launch of 12,000 new flats in one go. I am sure home buyers will be able to find a flat that will suit their budget and needs,” Mr Khaw said.

Source : Channel NewsAsia – 23 Sep 2015

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