HDB to launch over 17,000 BTO flats next year, says Desmond Lee

The Housing and Development Board is readied to commence beyond 17K Build-to-Order apartments in 2K22, recorded Channel News Asia presenting National Development Minister Desmond.

Communicating in Parliament on Monday 26 Jul, Desmond noted in which the COVID-19 pandemic has certainly created building postponements furthermore labor force critical point.

Inspite of this, Housing and Development Board kept on the right track to introduce about 17,000 BTO units this year, up from the 16,800 units last year and 14.6K apartments in 2019, Lee mentioned.

Lee started the announcement in action to MP Gan ‘s (People’s Action Party – AMK) question concerning if Housing and Development Board can rise the Build-to-Order supply in the coming three yrs to recompense the pandemic-led stall in installation.

Lee explained that the Government had definitely ramped up Build-to-Order release over the years to accommodate the requirements of growing family members involving “echo boomers”, that known as the children of newborn boomers.

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” For next year, we are after all evaluating application as well as taking note of the housing industry, and we will certainly release the figures for subsequent year’s release pretty soon,” he pointed out as mentioned by Channel News Asia.

” Having mentioned that, we don’t see that we are going to minimize the number of apartments debuted next year and undoubtedly, it will be greater than 17thousand apartments.”

In an up to date media release, Housing and Development Board reported that interest for Build-to-Order units has certainly multiplied for many years, with the general application rate for every unit doubling to 5.8 in 2020 out of 2.3 in 2017.

Request for all new flats inside fully grown community was specifically strong, with request amounts for each apartment rising to 6.7 in 2020 coming from 2.8 in 2017.

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