National Development Minister Khaw Boon Wan is assured that Singapore is on the right track for its public housing programme.
He said this in a posting on his Facebook page on Tuesday evening.
Mr Khaw noted that as the Housing and Development Board (HDB) launched its latest Build-To-Order exercise on Tuesday.
HDB also announced housing grants of up to S$60,000 for two-room flats.
With the grants, the two-room flats can cost as little as S$16,000 for low income families. For three-room flats, the grants can take the starting price to as low as S$115,000.
Mr Khaw said he looks out particularly for the lower income group to make sure that they can afford two- or three-room flats so that they can become home owners.
He cited the examples of two families at Punggol Spectra who started as rental flat tenants but now own their flats.
Mr Khaw also noted that he shared these anecdotes with the President of Georgia who visited Singapore recently, and the Georgian leader was full of admiration for Singapore’s public housing programme.
Source : Channel NewsAsia – 30 July 2013