HDB to do away with re-offer of balance flats exercises

Singapore

THE Housing & Development Board (HDB) is doing away with the re-offer of balance flats (ROF) exercises, so that most of the unselected flats from the sale of balance flats (SBF) exercises can be offered directly for open booking.

Minister for National Development Lawrence Wong shared this on Wednesday. Currently, unsold flats from build-to-order (BTO) exercises are first offered at SBF exercises.

Flats not taken up are then offered through the RO…

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