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Tuesday, August 31, 2010

Surge in new HDB flats

The HDB said on Monday it will offer 16,000 new flats this year, and up to 22,000 next year under its build-to-order (BTO) scheme - together, surpassing the 35,400 flats in Toa Payoh today.

http://www.straitstimes.com/STI/STIMEDIA/image/20100830/ln-sg-hdb.jpg

It will also release more land for tender for executive condominiums (ECs) and its design, build and sell scheme (DBSS), where private sector operators develop public housing projects. These could yield 7,000 DBSS flats and 8,000 EC units over the next two years if demand is sustained. MORE

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