16 Mar '18, 1am

Singles attain more success at securing new BTO flats

Singles have been able to apply for new HDB flats directly from the housing board since July 2013. 4 years down the road, have their housing needs been sufficiently met? HDB making progress in fulfilling singles’ housing needs High queue numbers were not uncommon when the new singles scheme commenced in 2013. Many singles balloted time and again for a 2-room build-to-order (BTO) flat but failed. The rate of success has however been raised, as more than 3,300 singles have received keys to their new BTO flat as of end-January. These 2-room flats which singles are eligible for are in non-mature estates . As of 2017, there are 5.9 single applicants vying for 1 unit. When the scheme started in 2013, the odds were much higher with 57.5 applicants trying to secure 1 unit. Related : Budget 2018: $4.7 billion in stamp duties last year HDB ramping up the supply of 2-room flats for e...

Full article: https://www.iproperty.com.sg/news/singles-attain-more-suc...

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