Skip to main content

Advertisement

Advertisement

Bumper launch of 12,000 new flats in November: Khaw

SINGAPORE – November will see a bumper crop of about 12,000 new flats enter the housing market due to a delay of a BTO launch previously scheduled for September, National Development Minister Khaw Boon Wan said today (Sept 23).

An artist's impression of the Bidadari estate. Graphic: HDB

An artist's impression of the Bidadari estate. Graphic: HDB

Follow TODAY on WhatsApp

SINGAPORE – November will see a bumper crop of about 12,000 new flats enter the housing market due to a delay of a Built-to-Order (BTO) launch previously scheduled for September, National Development Minister Khaw Boon Wan said today (Sept 23).

Of these, 7,000 will be BTO flats in six towns — Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang.

The remaining 5,000 are flats that are not sold in previous BTO exercises under the concurrent Sale of Balance exercise.

The delay in the September launch came as the Ministry of National Development (MND) was able to finalise three major housing policies and would like these initiatives to benefit “as many Singaporeans as possible”, said on his Housing Matters blog.

The new policies include the new 2R Flexi Scheme, an increase in the income ceiling, and enhancements to the Special CPF Housing Grant.

According to Mr Khaw, the policies will enhance affordability and build flexibility into housing options and benefit many Singaporeans, including families, singles and seniors.

“As implementation of any new policy does require some time, the MND therefore decided to delay the September BTO launch by a few weeks,” Mr Khaw said. “… Looking at the timing of the November BTO launch, we decided that a practical way is to merge the two launches into one mega launch in November.”

“I am sure home buyers will be able to find a flat that will suit their budget and needs,” Mr Khaw added.

A total of 2,150 flats in Bidadari estate will be in the November BTO launch. WONG PEI TING

Read more of the latest in

Advertisement

Advertisement

Stay in the know. Anytime. Anywhere.

Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.