17 Jan '12, 11am

Changes coming up for HDB's BTO balloting rules

Changes coming up for HDB's BTO balloting rules

National Development Minister Khaw Boon Wan said on Tuesday he hopes to announce changes to HDB's build-to-order (BTO) balloting rules for the next sales launch in March. -- PHOTO: SPH By Jessica Cheam Home buyers may soon see changes to the Housing Board's balloting system for its new flats, and second-time home buyers are likely to benefit. National Development Minister Khaw Boon Wan said on Tuesday he hopes to announce changes to HDB's build-to-order (BTO) balloting rules for the next sales launch in March. The Board's first BTO project for the year, which offered 4,000 new homes across the island, closed on Tuesday with an application rate of 1.5 first-timers for every flat available. Mr Khaw wrote in his Housing Matters blog that this rate is 'not surprising' and is similar to the subscription rate of 1.6 seen in HDB's November BTO launch. Please enable JavaScript to ...

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

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