More than 70% newlywed first-timers invited to select flats in July BTO exercise

Seventy-three per cent of newlyweds who are first-time flat buyers were invited to make a selection in the Build-to-Order (BTO) exercise for HDB flats this July.

This was revealed by National Development Minister Khaw Boon Wan in his latest blog entry where he provided a breakdown of selection results for the July BTO exercise.

Mr Khaw said with ramped-up construction and priority treatment, newlyweds now stand a high chance of getting their flats.

He said after the first-timer queue is cleared, the government will tweak balloting rules to enhance chances for second-timers.

Source : Channel NewsAsia – 16 Nov 2011

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