Channel NewsAsia
Updated: 07/08/2014 20:53 | By Channel NewsAsia

12,700 more flats to be launched in next six months

12,700 more flats to be launched in next six months


12,700 more flats to be launched in next six months

SINGAPORE: Another 12,700 flats will be launched in the next six months, according to a parliamentary written response by National Development Minister Khaw Boon Wan on Tuesday (July 8).

Of the 22,400 Build-to-Order (BTO) flats targeted for this year, 9,700 flats have been launched.

The Housing and Development Board will conduct a second Sale of Balance Flats Exercise later this year to augment the BTO supply.

Mr Khaw added that the ministry will monitor the BTO application rates closely and decide on the supply for next year in due course, but he expects the number to be lower than this year's supply. - CNA/xk

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