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. HDB will also offer 700 Studio Apartments to meet the needs of seniors looking to right- size.

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