18 Jan '12, 1am

Balloting rules for BTO Housing Board flats set to change; 2nd-time home buyers likely to benefit

Balloting rules for BTO Housing Board flats set to change; 2nd-time home buyers likely to benefit

Currently, 5 per cent of flats launched under the build-to-order scheme, such as the Vista [email protected], are set aside for second-time home buyers. -- PHOTO: HDB By Jessica Cheam, Housing Correspondent The Housing Board may soon change its balloting system for new flats, with second-time home buyers likely to benefit. National Development Minister Khaw Boon Wan said on Tuesday that he hopes to announce changes to the HDB's build-to-order (BTO) balloting rules for the next sales launch in March. The Housing Board's first BTO project for the year was launched earlier this month and offered 4,000 new homes across Tampines, Choa Chu Kang, Punggol and Sengkang. The launch 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 was 'not surprising', and was similar to the subscription r...

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

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Changes coming up for HDB's BTO balloting rules

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