06 Feb '13, 4am

[S'PORE PROPERTY NEWS] BTO prices delinked by 'varying discounts to first-timers'. Read more here

NATIONAL Development Minister Khaw Boon Wan said the Government has delinked the prices of new flats from the prices of resale flats by varying the discounts given to first-time buyers. This is to keep the prices of new flats stable and affordable for Singaporeans buying public housing for the first time, and the discounts are in addition to the housing grants these buyers also enjoy, he said in Parliament yesterday. "The meaning of delinking means I vary the discounts so that the prices can remain steady," he said in reply to a question from Ms Lee Bee Wah (Nee Soon GRC). Last Friday, Mr Khaw said he had delinked these prices since he took over the housing portfolio in 2011, to keep prices affordable amid a rising property market. That is how Build-to-Order flat prices across HDB's launches have remained largely stable, despite the resale price index rising 12.5 per cent ...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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