HDB to launch over 17,000 BTO flats next year, says Desmond Lee - Midwood™ Condo @ Hillview Rise (Updated - 2022)

HDB to launch over 17,000 BTO flats next year, says Desmond Lee

The HDB is settled to open beyond Seventeen thousand Build-to-Order units in 2K22, broadcast CNA pointing out MND Minister Desmond L.

Speaking in Parliament on Monday 26July, Lee noted that the COVID-19 widespread has resulted in building and construction delays and even manpower problem.

Inspite of this, HDB continued to be on course to commence almost 17thousand BTO apartments in 2021, up from the 16thousand 8hundred units last year furthermore 14thousand 6hundred units in 2019, he mentioned.

Lee produced the statement in answer to MP Gan T.P.’s (PAP – AMK) question on whether Housing and Development Board can multiply the Build-to-Order quantity throughout the subsequent three yrs to outweigh the pandemic-led hindrance in installation.

Desmond clarified that the Government had definitely ramped up Build-to-Order debut throughout the years to meet the desires of developing family groups such as “echo boomers”, and that known as the youths of infant boomers.

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” For coming year, we’re yet evaluating demand and keeping an eye on the property mkt, furthermore we will publicize the numbers for following year’s release shortly,” Lee stated as mentioned by CNA.

” Having reported that, we do not picture that we are going to reduce the lot of units commenced subsequent yr and absolutely, it is going to be more than 17thousand units.”

In a latest press launch, HDB reported that need for Build-to-Order flats has indeed grown throughout the years, with the entire application numbers for each flat doubling to 5.8 in 2020 out of 2.3 in ’17.

Requirement for all-new flats among matured neighbourhood was predominantly vigorous, with requisition rates for each flat escalating to 6.7 in 2K20 out of 2.8 in ’27.

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