29 May '11, 10pm

Singapore needs to build 'tens of thousands' of new subsidised rental flats to meet demand: Khaw Boon Wan

Singapore needs to build 'tens of thousands' of subsidised rental flats to meet the demand for them - the sooner, the better, said new National Development Minister Khaw Boon Wan (above) on Sunday. -- ST PHOTO: ALPHONSUS CHERN SINGAPORE needs to build 'tens of thousands' of subsidised rental flats to meet the demand for them - the sooner, the better, said new National Development Minister Khaw Boon Wan on Sunday. 'For rental flats, we are studying, but all I know is we need to build more... How fast we can meet the supply - that depends on industry capacity, which I need to study,' he said on the sidelines of a youth forum. He cited neither a timeframe nor figures, but said it would take 'several years' to meet the shortfall. The minister's remarks come hot on the heels of an announcement on Friday that the Housing Board will build 25,000 new flats this year so young coupl...

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

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