16 Nov '11, 4am

Higher rate of success for first-time HDB buyers

Higher rate of success for first-time HDB buyers

The Housing Board's (HDB's) aggressive ramp-up of the supply of new homes seem to be soaking up the strong demand from first-time home buyers. -- ST PHOTO: MUGILAN RAJASEGERAN By Jessica Cheam The Housing Board's aggressive ramp-up of the supply of new homes seem to be soaking up the strong demand from first-time home buyers. Latest figures revealed by National Development Minister Khaw Boon Wan on Wednesday indicate that newlyweds now stand a high chance of succeeding in buying a flat at the Housing Board's build-to-order (BTO) projects. In the July BTO launch of new flats across towns such as Yishun, Bukit Panjang, Sengkang, Tampines and Jurong West, the success rate was 73 per cent. This means more than 7 out of 10 home buyers who applied were invited to select a flat. The Housing Board had received 12,116 applications for 3,556 flats in that launch, or a subscription r...

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

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