Singapore to launch 17,000 new Buy To Own flats in 2018

Singapore to launch 17,000 new Buy To Own flats in 2018

1,000 flats in Sembawang, Sengkang, and Yishun will be launched in H2.

The Housing and Development Board (HDB) will launch 17,000 new build-to-order (BTO) flats next year, slightly lower than the supply of 17,584 in 2017, Minister for National Development Lawrence Wong said.

“We will continue to calibrate our flat supply carefully, taking into account underlying demand and the stability of the HDB resale market,” Wong said in his blog.

The minister added that new flat buyers will be able to choose from projects in both mature and non-mature estates, including the new Tengah town.

In the second half of 2018, about 1,000 flats will be launched in Sembawang, Sengkang, and Yishun. These flats will have shorter waiting times of about 2.5 years, instead of the typical three to four years for most other BTO projects.

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