Flats with shorter waiting times will become “a major feature” of Singapore’s upcoming flat supply, says Minister for National Development Desmond Lee.
New: You can now listen to articles.SINGAPORE: About 19,600 Build-to-Order flats will be launched in 2025, as part of the government's efforts to boost public housing supply and meet rising demand.
the backlog of delayed projects. The last batch of pandemic-delayed flats will be handed over to home owners within weeks, he said. ‘Build before order’ flats: Yet-to-launch BTO projects being built in Bukit Merah, Clementi and Toa Payoh To address housing affordability amid rising resale prices, the government has introduced cooling measures and enhanced grants for first-time buyers.But it must consider the cooling measures that are still working their way through the market, the significant housing supply that will eventually come on stream, as well as uncertainties in the global economic and geopolitical environment.In the year ahead, Mr Lee said the government is committed to initiatives to accommodate singles.
"The aim is to help genuine home buyers, particularly first-timers, to be able to get their flats,” the minister told reporters.
Housing And Development Board Desmond Lee BTO
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