30 Dec '15, 6am

#GlobalREBubble #Singapore 18,000 new flats to be launched in 2016

#GlobalREBubble #Singapore 18,000 new flats to be launched in 2016

Comment E-mail to friend Bookmark & Share The Housing and Development Board (HDB) is planning to launch about 18,000 new Build-To-Order (BTO) flats in 2016, more than the 15,000 units launched this year, said National Development Minister, Lawrence Wong, in a blog post. The new flats will be spread across different locations, catering for every budget and need. “While the 2016 flat supply will be increased to meet new demand from the recent policy changes, the broader plan remains to keep supply at a more sustainable level over the long-term,” said Wong. This year will see around 26,000 BTO flats being completed, noted the Minister, after visiting a few families who recently moved into their new flats in the Tampines Greenlace BTO project. He revealed that the BTO application rate for first-timer families (applying for 3-room and bigger flats in non-mature estates) has sta...

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

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