HDB to launch over 17,000 BTO flats next year, says Desmond Lee
The HDB is set to open over 17,000 Build-to-Order flats in 2K22, published Channel News Asia mentioning MND Minister Desmond Lee.
Communicating in Parliament on Monday 26 Jul, Lee considered that the COVID-19 pandemic has certainly created building setbacks as well as manpower problem.
Even with this, Housing and Development Board persisted on course to open around 17,000 Build-to-Order units in ’21, up from the 16thousand 8hundred units in ’20 and even 14.6K apartments in 2K19, Lee spoke.
Desmond rendered the report in reply to Mbr of Parliament Gan Thiam Poh’s (People’s Action Party – AMK) point about if Housing and Development Board can increase the BTO amount in the coming three years to recompense the pandemic-led hold-up in construction.
Lee clarified that the Government had certainly ramped up BTO release for many years to meet the commitments of young family groups featuring “echo boomers”, and that refer to the kids of baby boomers.
” For subsequent yr, we are still reviewing necessity also taking note of the home industry, and we will definitely publish the figures for next yr’s release in the near future,” Lee reported as quoted by CNA.
” By spoke that, we don’t anticipate that we will lessen the quantity of units launched upcoming year and certainly, it will definitely be larger than 17K units.”
In an up to date news releases, HDB shared that interest for Build-to-Order flats has indeed boosted throughout the years, by having the entire request rate for each and every flat multiplying to 5.8 in 2K20 from 2.3 in 2K17.
Need for brand-new apartments located in matured neighbourhood was extremely strong, with requisition percentages for each and every flat raising to 6.7 in 2020 coming from 2.8 in ’27.