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

The Housing and Development Board is positioned to kick off beyond 17thousand Build-to-Order flats in 2022, announced Channel News Asia naming MND Minister Desmond L.

Speaking in Parliament on Mon 26Jul, the minister recorded in which the COVID-19 pandemic has already generated project delays and labor force crisis.

Inspite of this, Housing and Development Board continued to be on route to kick off nearly Seventeen thousand Build-to-Order flats in 2K21, up from the 16.8K apartments in ’20 furthermore Fourteen thousand Six hundred flats in 2019, he reported.

Lee started the explanation in respond to MP Gan T.P.’s (People’s Action Party – AMK) question regarding whether Housing and Development Board can expand the Build-to-Order stock during the coming three years to make up for the pandemic-led setback in building.

Leedon Green Condo Floor Plan

Desmond discussed that the Government had already increase Build-to-Order launches over times to cater to the essentials of growing family groups consisting “echo boomers”, and that describe the children of baby boomers.

” For subsequent yr, we’re constantly looking at requirement as well as tracking the property industry, furthermore we will release the sums for coming yr’s launch shortly,” Desmond pointed out as mentioned by Channel News Asia.

” By stated that, we do not imagine that we are going to minimize the lot of apartments released subsequent yr and without a doubt, it is going to be beyond 17,000 flats.”

In a new news releases, Housing and Development Board announced that requirement for Build-to-Order apartments has definitely risen throughout the years, by having the general request rate for every apartment growing to 5.8 in 2020 out of 2.3 in 2017.

Requirement for fresh units among mature community was specifically powerful, with requisition amounts for each and every flat raising to 6.7 in 2020 coming from 2.8 in ’27.

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