19 Jul '17, 6am

1,000 new BTO flats in Sembawang, Sengkang and Yishun to be made available faster

SINGAPORE - A total of 1,000 Build-To-Order (BTO) flats in Sembawang, Sengkang and Yishun will be made available to homebuyers faster, with a shorter wait time of 2 1/2 years compared with the three to four years currently, said the Housing Board in a statement on Wednesday (July 19). They will be launched for sale in the second half of next year (2018), and the first of these flats will be completed by between the fourth quarter of 2020 and the first quarter of 2021. In its statement, HDB said this will help young couples get their flats faster. Priority will be given to first-time applicants. At least 95 per cent of the four-room or bigger flats will be set aside for first-time, applicants, up from the current quota of 85 per cent. The faster times are achieved not by speeding up the construction. Instead, HDB will commence construction of selected BTO projects ahead of ...

Full article: http://www.straitstimes.com/singapore/housing/1000-new-bt...

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