16 Dec '16, 5am

New post added at LushHomeMedia - 17,000 BTO flats to be launched next year

Some 17,000 Build-To-Order (BTO) flats will be launched next year, about 1,000 fewer than the number put up for sale this year, as the Government tapers the supply of public housing units. Announcing the supply for next year, National Development Minister Lawrence Wong also said that young couples can look forward to shorter wait times for BTO units, possibly by 2018. “Over the past year, I’ve received feedback from young couples to make the waiting time for BTO flats shorter,” he said on his blog. “So I’ve asked the HDB (Housing and Development Board) to plan and prepare the land for several new sites which can subsequently be put out as BTO units with shorter waiting time. These units will not be ready next year, but I hope we can begin to offer them by 2018.” Mr Wong had said in October during an interview with the Straits Times and Lianhe Zaobao that he was looking to ...

Full article: http://www.lushhomemedia.com/manage_posts/2016/12/16/1700...

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