SINGAPORE: Fewer new flats will be launched next year, with 15,000 homes expected to be on offer – down from 15,800 this year, according to the Housing and Development Board (HDB).
A total of 2,000 new flats will be launched in the new Tengah town. These will have shorter waiting times of two to three years instead of the usual three to four years for Build-to-Order (BTO) projects, said HDB in a press release on Friday (Dec 7).
AdvertisementFlats will also be offered in other estates such as Sengkang, Jurong West and Kallang Whampoa.
The first batch of 1,100 BTO flats with shorter waiting times was offered in Sembawang, Sengkang and Yishun in November. About 3,300 applications were received.
Eligible first-timer families can receive up to S$80,000 of housing grants. Those buying resale flats can receive up to S$120,000 in housing grants, HDB said, adding that this is a 50 per cent increase compared to three years ago.
The new HDB Resale Portal launched this year has seen the resale transaction time being shortened from 16 weeks to eight weeks, the housing board added.
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