The Housing and Development Board (HDB) will continue to explore ways to further reduce the delivery time for its building projects, said National Development Minister Khaw Boon Wan. He was responding to a question by Non-constituency Member of Parliament Gerald Giam on whether HDB aims to reduce the average waiting time for Build-to-Order flats (BTOs). Typically, BTO projects of 20 storeys and below now...
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4.3 per cent, or 1,135 couples, who had booked a flat from 2009 to 2011 and the first half of 2012, cancelled their bookings and had to forfeit their deposit. Among these couples, 367 cited relationship break-up including annulment and divorce as the reason for the cancellation. Minister for National Development, Khaw Boon Wan, shared these figures in a written reply to Member of Parliament for Hougang...
National Development Minister Khaw Boon Wan has described the application rate for the May BTO as "quite encouraging". He said in his blog on Tuesday evening that as at 5 pm, the overall application rate is 2.5. He said based on the responses in the recent Build-to-Order (BTO) launches, first-timers are enjoying a high chance of getting their first homes while chances for second-timers have improved...