Adapted from The Edge Property, CBRE / by Tay Hock Meng | September 23, 2015
A bumper crop of 12,000 new Built-to-Order (BTO) flats will be launched for sale by the HDB in November, says Minister for National Development Khaw Boon Wan in his blog on Sept 23.
The decision to postponement the September BTO launch was to enable the government to finalise three major housing policies announced by Prime Minister Lee Hsien Loong in his National Day Rally Speech. The three schemes are – a new 2-Room Flexi Scheme, an increase in the income ceiling, and enhancements to the Special CPF Housing Grant.
“These three policies will further enhance affordability and build flexibility into our housing options,” says Khaw. “The delay will enable as many Singaporeans as possible to benefit from these new these initiatives, starting from the very next BTO launch.”
The delay will mean a bumper crop of about 7,000 BTO flats in six HDB towns across the country: Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang. The HDB will also concurrently launch 5,000 flats for sale under the Sale of Balance Flats (SBF) exercise. This means there will be a combined launch of 12,000 new flats at one go.