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

The HDB is readied to debut more than 17thousand Build-to-Order flats in 2K22, published Channel News Asia mentioning National Development Minister Desmond Lee.

Communicating in Parliament on Monday 26July, Desmond indicated in which the COVID-19 widespread has indeed resulted in project hindrances plus workforce critical point.

Even with this, HDB remained on the right track to introduce around 17,000 BTO units in 2021, increase from the 16.8K units previous yr and even 14.6K flats in ’19, Desmond stated.

Lee made the report in answer to Member of Parliament Gan Thiam Poh’s (PAP – Ang Mo Kio) inquiry about if Housing and Development Board can increase the BTO number during the following three yrs to make up for the pandemic-led lag in development.

Royal Green Condo Floor Plan

Desmond clarified that the Government had definitely rose Build-to-Order launches over times to deal with the needs of new households consisting “echo boomers”, and that known as the kids of newborn boomers.

” For following yr, we are still assessing appeal as well as keeping track of the home industry, furthermore we will certainly publicize the sums for coming year’s release quickly,” he announced as mentioned by Channel News Asia.

” Having communicated that, we do not really picture that we may minimise the lot of units debuted next yr and surely, it will definitely be beyond Seventeen thousand flats.”

In a current media announcement, HDB claimed that demand for BTO apartments has definitely escalated for many years, by having the overall requisition numbers for each and every apartment heightening to 5.8 in 2K20 coming from 2.3 in ’17.

Demand for fresh flats inside developed neighbourhood was specifically strong, with requisition scales for each apartment escalating to 6.7 in ’20 out of 2.8 in 2017.

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