SINGAPORE — First-timer applicants who do not select a Build-To-Order (BTO) flat when invited to do so will be considered second-timers in subsequent flat applications for a year, starting from the August sales exercise. The tightening of the rule is meant to reduce the number of people who decline to pick a flat and ensure more efficient allocation, so that...
The tightening of rules is meant to reduce the number of people who decline to pick a flat and ensure more efficient allocation.SINGAPORE — First-timer applicants who do not select a Build-To-Order flat when invited to do so will be considered second-timers in subsequent flat applications for a year, starting from the August sales exercise.
Lee also announced other measures to help first timers secure their home during the debate on his ministry's budget, including setting aside more flats for a new subset of first-timer families — those with Singaporean children aged 18 and below as well as married couples aged 40 and below. Various MPs including Zhulkarnain Abdul Rahim , Foo Mee Har and Seah Kian Peng asked if more support can be given to help Singaporeans buy their first home amid the strong housing demand and elevated resale prices.
This increased supply should help to alleviate some pressure in the rental market as those who have been waiting for their keys will stop renting, and new homes will provide additional rental supply, said Lee in response to Louis Chua . Some reasons include people wanting only flats on high floors, trying their luck or the remaining flats being out of their budget, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5,400 new flats in HDB's BTO May exercise; 'affordable' for first-time applicantsAlso, HDB offers some stats and tips on how you can increase your chances of securing a BTO flat. Find out here.
Read more »
HDB to launch BTO flats in Bedok and Serangoon in MayThe mature estates of Bedok and Serangoon will get new Housing Board flats for the first time in about seven and nine years respectively, as 1,960 flats will be launched across both towns in the next Build-To-Order (BTO) sales exercise in May. Both BTO projects will have...
Read more »
HDB BTO focus: Picking our favourite projects in Feb 2023 launchThe first HDB BTO launch of the year is one that is eagerly anticipated. If you missed out on the 2022 B If you need help making a choice, here’s our take on the five BTO projects that have been released in the February 2023 launch. The relative proximity to Pioneer MRT station is definitely a selling point for this...
Read more »
February HDB BTO launch review: Ultimate guide to choosing the best unitIt's that time of the year again — the first HDB BTO launch of 2023! Some people may be surprised at the size of this launch, as with 4,428 flats, it is nearly half the 9,655 Build-To-Order flats launched at the last one in November 2022. This time, there are five projects spread out across Kallang Whampoa, Queenstown, Jurong West...
Read more »
HDB to improve ‘scary’ red-themed blocks in Tampines North BTO projectSINGAPORE - The Housing Board will look into improving the new red-themed HDB blocks in Tampines North which have left some residents displeased, after MP Baey Yam Keng said the colour choice was “not appropriate”. Read more at straitstimes.com.
Read more »
First look: Inside Pullman’s first hotel in Singapore, located on Orchard RoadPullman Singapore Orchard features spaces for both business and play, including co-working spaces, a glasshouse restaurant and a beach club with a swim-up pool bar.
Read more »