22 Feb '16, 4am

18,000 new flats to be launched in Singapore in 2016 following high demand! Read more here-

18,000 new flats to be launched in Singapore in 2016 following high demand! Read more here-

The Business Times Lim Meixian Singapore's Minister of National Development Lawrence Wong on Wednesday said that the Housing and Development Board will launch 18,000 new flats in 2016, 3,000 more than what was launched in 2015. This is to accommodate higher demand for new flats following new policies that were announced in August this year, including a higher income ceiling for new flats and tweaks to housing grant schemes. Mr Wong said the broader plan remains to ensure that Singapore has a sustainable supply of housing over the longer term. He was speaking to reporters after visiting BTO project Tampines Greenlace, meeting families who had moved into their new homes. He also said that HDB resale prices have come down over the past few years but in recent months, they have stabilised. "They have come to a point where resale prices are stable now at about the 2011 level, a...

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

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