Many choices for flat buyers

HDB ensures affordability of flats for different groups

Letter from LEONG CHOK KEH
Deputy Director (Policy and Property) for Director (Estate Administration and Property) Housing and Development Board

I REFER to the letter from Chan Han Jun, “A costly commitment” (Jan 8). The Design, Build and Sell Scheme (DBSS) was launched in 2005 to complement HDB’s sales scheme. The objective was to offer HDB flat buyers an additional choice to meet their needs and aspirations.

Under the DBSS, private developers would determine the price of the flats, bearing in mind the location, design features and demand from eligible buyers. It is intended to be one of the many sale options, including resale flats, to cater to the needs of flat buyers.

We wish to clarify that HDB’s Build-to-Order (BTO) sales exercises will remain the mainstay of new flat supply. Under the BTO sales exercises, buyers have a choice of Standard and Premium designs, as well as flats of various sizes, prices and locations. HDB remains committed to ensuring affordability for their target income groups.

HDB has increased the launch of BTO sale exercises in response to demand. Flat-buyers should consider the various types of flats available, based on their needs and affordability. As buying a home is a long-term financial commitment, buyers are advised to exercise financial prudence and purchase a flat within their affordability.

Source : Today – 23 Jan 2008

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