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
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[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.
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