HDB to launch over 17,000 BTO flats next year, says Desmond Lee

The Housing and Development Board is set to debut more than 17thousand BTO apartments in ’22, mentioned CNA quoting National Dvlpmt Minister Desmond.

Talking in Parliament on Mon 26Jul, Lee documented that the COVID-19 pandemic has created development lags and also labor force crisis.

In spite of this, HDB stood on the right track to open nearly 17,000 Build-to-Order units this yr, raise from the 16,800 apartments in 2020 and 14thousand 6hundred units in 2019, Desmond communicated.

Desmond made the report in solution to Member of Parliament Gan Thiam Poh’s (PAP – Ang Mo Kio) concern on whether HDB can boost the BTO supply in the next three years to make up for the pandemic-led lag in building and construction.

Sengkang Grand Residences Condo Floor Plan

Desmond discussed that the Government had actually ramped up BTO release over times to supply the needs of blossoming family members consisting of “echo boomers”, which in turn refer to the children of baby boomers.

” For next year, we are yet examining appeal and keeping track of the home mkt, and we will certainly publish the figures for following year’s release pretty soon,” he spoke as quoted by Channel News Asia.

” Having stated that, we do not imagine that we will probably lessen the quantity of flats opened upcoming year and definitely, it will be beyond 17,000 apartments.”

In a new news releases, Housing and Development Board announced that demand for Build-to-Order units has indeed escalated throughout the years, by having the overall request percentage for each and every apartment soaring to 5.8 in 2K20 starting with 2.3 in 2K17.

Demand for all new flats located in matured community was predominantly powerful, with request numbers for each apartment rising to 6.7 in 2020 from 2.8 in 2017.

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