26 Dec '11, 10am

2nd-time flat buyers priority in 2012?

2nd-time flat buyers priority in 2012?

SINGAPORE: With the backlog of first-time buyers of HDB flats largely cleared, Singapore's Minister for National Development Khaw Boon Wan has set his sights on helping second-timers get their homes faster in the new year. Experts said this could be in the form of increasing the percentage of Build-To-Order (BTO) flats allocated to second-timers currently set at five per cent. 2011 has been about answering the needs of first-time HDB buyers. From ramping up supply to 25,000 units, to building ahead of demand, Mr Khaw made it clear that helping newly weds get their first home was his top priority. Government Parliamentary Committee for National Development Deputy Chairman Liang Eng Hwa said: "I think we have seen the worst of this housing imbalances and I think now the minister can then focus on other home buyers, for example the second-time home buyers, and the other aspir...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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