03 Oct '11, 8am

Gov't making "good progess' to ease housing shortage #Singapore

launches, the government is making good progress to ease the housing shortage , said Minister for National Development Khaw Boon Wan . In his blog post on Monday, Khaw said Housing Development Board 's (HDB) efforts in ramping up HDB flat supply will help stabilise the market. Putting the housing needs of newlyweds who are first-time home HDB buyers as his top priority, Khaw added, "We are beginning to see some light at the end of the BTO tunnel." He said that the September bumper launch of over 8,200 new flats -- 5,400 of which are BTO flats and 2,800 are from the Sale of Balance flats (SBF ) -- has eased part of the shortage in public housing. The new flats have attracted 27,900 applications -- 9,500 for BTO and 18,400 for SBF. Khaw aims to have half of this demand met in this BTO exercise, while he added, "The other half can look forward to another 4,200 BTO flats in No...

Full article: http://sg.news.yahoo.com/gov-t-making--good-progess--to-e...

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