15 Mar '13, 8am

Govt to drive down prices of BTO flats

Govt to drive down prices of BTO flats http://www.businesstimes.com.sg/arch...ats-20130309-0 Published March 09, 2013 Govt to drive down prices of BTO flats Public housing policy to be relooked as Khaw announces series of new measures By Mindy Tan SINGAPORE will relook its public housing policies and try to bring down the prices of built-to-order (BTO) flats. While the housing policy had enabled the vast majority of Singaporeans to own homes, it needed to be reviewed in the light of significant demographic and economic changes, said Minister for National Development Khaw Boon Wan yesterday. The primary mission of the Housing & Development Board (HDB) remained offering affordable homes. To that end, "we can now pause and see what else we can do to bring BTO (built-to-order) prices in non-mature estates to say, around four years of salary as it was before the current propert...

Full article: http://forums.condosingapore.com/showthread.php?p=379231#...

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