HDB construction to taper from 2014

[SINGAPORE] The massive construction of HDB flats will start to taper off from next year as balance is restored between demand and supply in the market, Minister for National Development Khaw Boon Wan said.

But "we will do so in a measured way, to allow the market to gradually adjust, just like what we had done to cool the property market earlier."

"Three years of sustained ramp-up have begun to restore the balance in our housing market," he wrote on his blog yesterday as the latest launch of 8,952 Build-to-Order (BTO) and Sale of Balance Flats (SBF) units last month drew to a close.