17 Dec '13, 4am

Govt to build more two-room flats, studio apartments #PR

Dec 17, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share The Housing and Development Board (HDB) will build more two-room flats and studio apartments (SA) snd fewer three-, four- and five-room flats, National Development Minister Khaw Boon Wan wrote in his blog on Monday. 
The blog post illustrated the falling figures of demand for Build-To-Order (BTO) flats.

Mr Khaw explained that during the first BTO exercise in July, application rates for singles were “especially high” with 58 applications per available flats. However, this number fell to 27 in the November BTO launch.
 Meanwhile, the blog post also revealed the decline in first-timer and second-timer applications this year. It said: “first-timer application rate has come down steadily from 2.4 in January to 1.3 in November. Second-timer application rate has also fallen significantly, from 14.9 in J...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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