04 Mar '11, 12am

Buying HDB flats: Easier, more affordable

Buying HDB flats: Easier, more affordable

More low- to middle-income home buyers will have a chance to buy affordable three-room flats, as part of sweeping changes to the Housing Board's (HDB) build-to-order (BTO) scheme. -- ST PHOTO: ALPHONSUS CHERN MORE low- to middle-income home buyers will have a chance to buy affordable three-room flats, as part of sweeping changes to the Housing Board's (HDB) build-to-order (BTO) scheme. There will also be more flats of all sizes on offer in the first half of the year, and buying them will be a breezier affair with processing time cut by half. Announcing this in Parliament on Thursday, National Development Minister Mah Bow Tan said that the monthly household income ceiling for three-room standard flats will be raised from the current $3,000 to $5,000. The change will be implemented starting with the recent BTO flat launches in Sengkang and Bukit Panjang, but will also apply ...

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

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