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

The HDB is readied to release beyond 17K BTO apartments in 2022, presented Channel News Asia citing MND Minister Desmond L.

Talking in Parliament on Monday 26July, the minister indicated in which the COVID-19 pandemic has certainly caused building and construction hold-ups including labor force crisis.

In spite of this, HDB remained on the right track to introduce around Seventeen thousand Build-to-Order flats in 2021, increase from the 16thousand 8hundred flats in 2K20 and even Fourteen thousand Six hundred units in ’19, he communicated.

Lee rendered the statement in reply to Member of Parliament Gan T.P.’s (PAP – Ang Mo Kio) point concerning if HDB can raise the BTO supply during the coming 3 yrs to make up for the pandemic-led setback in building and construction.

Lee explained that the Govt had already boosted BTO commencement over times to meet the demands of new families featuring “echo boomers”, in which describe the kids of newborn boomers.

” For upcoming yr, we are yet looking at appeal and also keeping track of the property mkt, moreover we are going to communicate the numbers for coming year’s launch soon,” Desmond reported as mentioned by CNA.

” By reported that, we definitely not foresee that we are going to cut back the amount of apartments kicked off following yr and surely, it will certainly be beyond Seventeen thousand units.”

In a new news releases, HDB stated that requirement for BTO units has actually risen for many years, by having the general request rate for each unit heightening to 5.8 in 2020 out of 2.3 in ’17.

Requirement for all-new flats within developed estates was particularly strong, with request numbers for each apartment ascending to 6.7 in 2020 out of 2.8 in 2017.

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