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

The HDB is readied to commence beyond 17thousand BTO units in 2022, published CNA quoting MND Minister Desmond Lee.

Talking in Parliament on Monday 26July, Lee documented that the pandemic has indeed resulted in building and construction postponements and even workers crisis.

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Regardless of this, HDB maintained on course to kick off approximately 17K Build-to-Order apartments current yr, raise from the 16.8K apartments in 2K20 and 14,600 flats in 2K19, Desmond said.

Desmond made the statement in respond to MP Gan Thiam Poh’s (PAP – AMK) questioning regarding whether HDB can multiply the BTO quantity throughout the subsequent three years to make up for the pandemic-led setback in construction.

Desmond described that the Govt had definitely ramped up BTO debut for many years to accommodate the needs of new family members such as “echo boomers”, and that known as the kids of baby boomers.

” For coming year, we’re continuing looking at demand and monitoring the residential property market, furthermore we will definitely publish the totals for coming yr’s debut very soon,” Lee mentioned as mentioned by CNA.

” Having communicated that, we do not really anticipate that we will cut down the amount of flats opened upcoming year and certainly, it is going to be beyond 17,000 flats.”

In a recent press release, HDB pointed out that need for BTO apartments has indeed raised throughout the years, with the general application numbers for every unit heightening to 5.8 in ’20 from 2.3 in 2K17.

Interest for fresh flats within developed community was predominantly solid, with application numbers for each and every flat jumping to 6.7 in 2020 from 2.8 in 2017.

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