12 Apr '17, 12pm

New post added at LushHomeMedia - Application rate for each 2-room Flexi BTO flat at 2.7 in 2016

The Housing & Development Board (HDB) received an average of 2.7 applications for every two-room Flexi Build-To-Order (BTO) flat offered in 2016, said Minister for National Development Lawrence Wong in Parliament on Monday (Apr 3). The applications came from a mix of families, elderly and singles, said Mr Wong who was responding to a parliamentary question by Dr Lee Bee Wah, Member of Parliament (MP) for Nee Soon GRC. According to Mr Wong, 40 per cent of two-room Flexi flats are set aside for elderly applicants, including singles aged 55 and above. The remaining flat supply is divided equally between non-elderly singles and families. Meanwhile, any balance of flats not taken up by elderly or families will be offered to singles, he said. Since July 2013, singles are allowed to buy new two-room flats in non-mature estates. To address the strong demand, the HDB has increased ...

Full article: http://www.lushhomemedia.com/manage_posts/2017/04/12/appl...

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