SUBSCRIBERS

HDB to build fewer larger flats and more two-room BTO flats next year

Shift in focus because demand from singles remains high, at 27.1 times

Published Mon, Dec 30, 2013 · 10:00 PM
Share this article.

[SINGAPORE] The supply of larger Housing and Development Board flats will be cut back by about 18 per cent while the number of two-room flats will be doubled in the coming year, as HDB transitions to a more sustainable Build-To-Order (BTO) flat supply.

Providing a breakdown yesterday, HDB said it will reduce the supply of new three-room and larger flats from 22,600 units in 2013 to about 18,600 next year.

Meanwhile, the number of two-room BTO flats in non-mature estates will be bumped up from 2,600 in 2013 to 5,000. H…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here