SINGAPORE - A total of 12,000 new flats will be up for a 'mega launch' in November, National Development Minister Khaw Boon Wan announced on Wednesday (Sep 23).
Mr Khaw said that the September BTO launch had been delayed to integrate three new housing policies: the new 2R Flexi Scheme, the increase in the income ceiling for new flats and enhancements to the Special CPF Housing Grant (SHG).
The minister added: "As implementation of any new policy does require some time, we therefore decided to delay the September BTO launch by a few weeks, so that these initiatives can benefit as many Singaporeans as possible starting from the very next BTO launch. 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."
The launch includes 7,000 Build-to-Order (BTO) flats in six HDB towns across the country - Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang - as well as 5,000 balance flats in a concurrent Sale of Balance Flats (SBF) exercise.
The September exercise would have yielded 2,150 studio apartments and three- to five-rooms in the Bidadari estate.
Wednesday, Sep 23, 2015
AsiaOne
Source: AsiaOne