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HDB: 4,500 new flats to meet demand

Posted by jtsmyth8 on October 17, 2007

The Housing and Development Board (HDB) will offer about 4,500 new flats over the next six months, under its Build-To-Order Scheme, to meet rising demand for public housing.

It also reported good sales for its stock of surplus flats and is aiming to bring the number down to 2,200 units by year’s end, as revealed in the latest HDB annual report on Wednesday.

In the last financial year, HDB received 8,455 bookings for new flats – 7 percent more than the previous year.

Between January and September this year, HDB has offered 2,700 new flats under its Build-To-Order exercises.

Demand looks so good that HDB said it would roll out 4,500 flats, including a small number of five-room flats, in the next six months.

Tay Kim Poh, CEO of HDB, said: “The main focus would still be largely in Punggol and Sengkang. For Punggol, this is part of our plans to build up the catchment so that we can provide more facilities.

(continued)

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