As the Government reviews the income ceiling to qualify to buy new public housing - a move considered by some market watchers to be long overdue - property analysts cautioned that a balance would have to be struck between helping the sandwiched class and ensuring that the market could cope with an influx of new buyers. Analysts whom Today spoke to said that a higher income ceiling of S$10,000 a month -...
HDB News
Members of Parliament (MPs) said there is a need to raise the supply of rental flats significantly, to match demand. They said despite a shorter waiting time, there are still segments of the population who need rental flats quickly. Their comments come a day after Minister for National Development Khaw Boon Wan said there was a need to ramp up the supply of these flats by "tens of thousands". MPs said...
National Development Minister Khaw Boon Wan said he has asked HDB to look into building more Build-To-Order (BTO) flats in mature estates. In his latest blog post, Mr Khaw said it is too late to prepare suitable sites for this year but HDB should be able to offer some BTO launches in mature estates next year. He said the National Development Ministry has been rather reluctant to launch BTO projects in...
Analysts said the move by the Ministry of National Development to build more HDB flats may give the local construction industry a fresh boost. The majority of first time HDB home buyers can rejoice with the MND's decision to develop more build-to-order (BTO) flats this year. And with the decision to address rental flat shortages, industry observers said the planned supply changes would be positive for...
Minister for National Development Khaw Boon Wan said there is a shortage of rental flats in Singapore, and there is a need to ramp up supply by "ten of thousands". However, Mr Khaw said it will take some time to make up this shortfall, as the construction industry is unable to cope with the sudden surge in demand. Mr Khaw spoke about the need to ramp up the supply of rental flats, during a youth forum at...
Owners of flats at Segar Meadows' newly-completed block received the keys to their new homes on Saturday. Segar Meadows is a newly-completed Build-To-Order (BTO) project in the Bukit Panjang area. Environment and Water Resources Minister Vivian Balakrishnan, who is also an MP for Holland-Bukit Timah GRC, and his fellow MP Liang Eng Hwa were guests-of-honour at the completion ceremony. They handed over...
The six new BTO projects announced yesterday are spread out over four estates, namely Punggol, Pasir Ris, Tampines and Woodlands. Offering almost 4,000 units in all, these projects - Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood and Woodlands Peak - comprise flats in various locations and sizes to meet the different needs of home-seekers. Two of the...
Just days into his new job as National Development Minister, Mr Khaw Boon Wan (picture) has instructed the Housing and Development Board (HDB) to build flats "ahead of demand" - a significant change in policy from the "Build To Order" (BTO) approach which has been in place for the past 10 years. Mr Khaw's announcement coincided with HDB's launch of six BTO projects - the largest number launched at once....
National Development Minister Khaw Boon Wan has told HDB to build ahead of demand during this period of robust demand. Writing in his ministry's blog, Mr Khaw said the orders will definitely come, and HDB should call a tender as soon as architectural drawings and tender documents are ready. Currently, a tender is called only after 70 per cent of orders have been confirmed - hence "Build-to-Order" (BTO)...
The HDB is offering homebuyers close to 4,000 new flats in six Build-to-Order (BTO) projects launched on Friday - the largest supply of BTO flats in a single launch. It surpasses the 3,185 BTO flats offered last month. The BTO projects launched on Friday are at Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood, and Woodlands Peak. At least 95 per cent of...