11 Oct '16, 2am

Govt is looking to shorten waiting time for HDB BTO flats.

Young couples can soon move into their new homes quicker, as the Government is looking to shorten the wait for public housing. When implemented, the move will see the waiting period for Build-To-Order (BTO) flats dip to two to three years, from the current three to four years, said National Development Minister Lawrence Wong last week. Referring to young couples who are buying flats for the first time, Mr Wong said: "We would like to see how we can help them settle down and get their flat faster." Some couples who urgently need their own flat currently opt for provisional housing or balance flats not sold in previous launches. Such balance flats are closer to completion, but are subject to balloting as well. "The demand for moving in is always there, that's why balance flats are always more popular... People want to move in as soon as possible," he said. The shorter wait w...

Full article: http://www.srx.com.sg/singapore-property-news/25132/wait-...

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