HDB to ramp up 2-room BTO flats supply

National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats.

In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month.

The release will add 1,100 flats to the September BTO launch of about 190 units, more than doubling the number launched in July.

Another 450 units will also be launched in November.

In all, the authorities will launch some 2,500 two-room flats in non-mature estates this year.

Mr Khaw also said the authorities are altering the design and layout of BTO flats for next year.

That is to allow the ramp-up of two-room BTO supply in non-mature estates to 5,000 units next year — about double the supply of 2-room flats this year.

Mr Khaw said the measures will enable more singles to realise their dreams of owning their homes.

In the July BTO balloting, singles were allowed for the first to time to apply for new HDB flats in the two-room category.

There were 519 two-room HDB flats on offer in the exercise.

Up to one third of the 519 flats on sale were set aside for singles. Some 8,800 singles applied for them.

Source : Channel NewsAsia – 23 Sep 2013

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