7 Aug 2012, 1.38PM
At least 20,000 new flats will be offered next year. This is part of the Government’s commitment to build at least 100,000 flats over five years.
HDB plans to launch another 3,000 balance flats next month, which were unsold in previous exercises, and another 8,000 new flats by the end of this year. By end of the year, 50,000 flats would have been launched over last year and this year.
This was announced by Minister for National Development Mr Khaw Boon Wan yesterday on his blog [http://mndsingapore.wordpress.com/2012/08/06/making-steady-progress/]. He said, “I expect this sustained supply to firmly stabilise the housing market. This will give Singaporeans many options as they make their flat purchases prudently and wisely.”
Mr Khaw also shared the application rates for first-timers and second timers in his blog. The application rate of first timers, or of those who have yet to enjoy a housing subsidy, remains below 2 at 1.7, while the application rate of second-timers is 11.4, a drop from the rate of 25 at the start of the year. “This means there is more certainty for the second-timers to get a flat”, said Mr Khaw.
What are your views on this?