03 Oct '11, 8am

HDB launch in September a sign of 'good progress', says Khaw

HDB launch in September a sign of 'good progress', says Khaw

National Development Minister Khaw Boon Wan said the Housing Board's (HDB) latest launch of Build-To-Order (BTO) and Sale of Balance flats last month is 'making good progress' in meeting the housing needs of first-time flat buyers. -- ST PHOTO: JOYCE FANG By Cheryl Ong National Development Minister Khaw Boon Wan said the Housing Board's (HDB) latest launch of Build-To-Order (BTO) and Sale of Balance flats last month is 'making good progress' in meeting the housing needs of first-time flat buyers. In a blog post titled Light At End Of Tunnel on his online journal Housing Matters, Mr Khaw weighed up the application rates of HDB's largest crop of new flats launched, and said half of the 15,500 first-time applicants will get flats. Last month, the HDB released 8,200 flats - 5,415 for a BTO exercise, and 2,847 for a balance flats exercise. Balance flats are 'leftover' units fro...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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