19 Oct '15, 7am

Minister: Supply of BTOs next year might increase; not time yet to ease cooling measures

Minister: Supply of BTOs next year might increase; not time yet to ease cooling measures

Comment E-mail to friend Bookmark & Share National Development Minister Lawrence Wong said the government may offer more Build-To-Order (BTO) flats next year, as demand is expected to increase with the recent policy changes, such as more CPF grants and higher income ceilings, reported Channel News Asia. Notably, the supply will be a slight adjustment from the 15,000 units planned for 2015, but still below 20,000 units. “We had a huge housing programme where we built more than 20,000 at one time over a few years, then tapered off to 15,000. We are not going back to over 20,000, but it’s a slight adjustment from 15,000,” said Wong, during a visit to the Waterway Terraces in Punggol. He explained that the increase in new flat supply does not mean the government is diverting from its “tapering approach” to the housing market. “We are continuing to taper the housing programme a...

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

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