30 May '11, 7am

[News] Khaw asks HDB to look into building more BTO flats in mature estates: SINGAPORE: National Development Min...

SINGAPORE: National Development Minister Khaw Boon Wan said he has asked HDB to look into building more Build-To-Order (BTO) flats in mature estates. In his latest blog post, Mr Khaw said it is too late to prepare suitable sites for this year but HDB should be able to offer some BTO launches in mature estates next year. He said the National Development Ministry has been rather reluctant to launch BTO projects in mature estates as it worries that such popular launches would attract high subscription rates, further alarming the market. Mr Khaw said he believes Singaporeans understand that mature estates will always attract very high subscription rates. Rather than be daunted by such a prospect, Mr Khaw said HDB should try to meet the aspirations of many young couples wanting to set up homes near their parents. He said the response should be to put up more sites in mature est...

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

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