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

The Housing and Development Board is positioned to introduce over 17,000 BTO units in 2K22, announced Channel News Asia naming MND Minister Desmond L.

Communicating in Parliament on Mon 26 July, Desmond noted in which the COVID-19 pandemic has actually led to building stalls and workforce crunch.

Regardless of this, Housing and Development Board remained on course to release almost Seventeen thousand BTO units in 2021, increase from the 16thousand 8hundred units in ’20 and even 14thousand 6hundred flats in 2K19, Desmond claimed.

Parc Greenwich Condo Floor Plan

Lee rendered the report in solution to MP Gan Thiam Poh’s (PAP – AMK) inquiry concerning if HDB can escalate the BTO supply through the subsequent 3 years to outweigh the pandemic-led lag in building.

Desmond clarified that the Govt had multiplied Build-to-Order release accross the yrs to accommodate the commitments of blossoming family groups involving “echo boomers”, which in turn relate to the youths of baby boomers.

” For subsequent year, we’re continuing checking out requirement also tracking the housing mkt, and we will reveal the totals for coming yr’s commence soon,” Desmond spoke as quoted by Channel News Asia.

” By spoke that, we definitely not picture that we will probably reduce the quantity of units opened next yr and undeniably, it will certainly be beyond Seventeen thousand units.”

In a current marketing launch, Housing and Development Board pointed out that appeal for BTO units has actually grown for many years, with the overall application estimate for each and every flat ascending to 5.8 in 2020 out of 2.3 in 2K17.

Application for fresh apartments among mature estates was significantly powerful, with application numbers for every apartment rising to 6.7 in 2K20 coming from 2.8 in 2K17.

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