MND can now move on to help second-time flat buyers: Khaw

National Development Minister Khaw Boon Wan has said his ministry can now move on to better help second-time flat buyers.

This comes as first-timers enjoyed a 1.5 application rate for the last Build-To-Order (BTO) launch in January.

This means practically all will get a chance to choose a unit.

This is similar to the rate of 1.6 in the November BTO.

Mr Khaw announced this on his blog on Tuesday.

The application rate for second-timers is currently 23.9 compared to 25.9 in the November BTO.

Mr Khaw also said he hopes to announce some changes to the BTO balloting rules for the next BTO launch in March.

Source : Channel NewsAsia – 18 Jan 2012

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