Bigger supply of HDB flats with shorter waiting time

Singapore

TO HELP more young couples buy their first home, the Housing Board will double the number of flats it offers in 2019 to shorten their waiting time.

It will also let them apply for a flat and defer the assessment of their income for the unit to nearer the time they collect the keys. This would let them get their flats earlier while they build up their finances, National Development Minister Lawrence Wong said on Tuesday.

Announcing the moves in Parliament, Mr Wong said the about 2,000 flats to be offered next year will have a waiting ti…