{"id":121092,"date":"2021-07-27T00:51:16","date_gmt":"2021-07-26T17:51:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-over-17000-bto-flats-next-near-says-desmond-lee\/"},"modified":"2021-07-27T11:04:35","modified_gmt":"2021-07-27T04:04:35","slug":"hdb-to-launch-over-17000-bto-flats-next-near-says-desmond-lee","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-over-17000-bto-flats-next-near-says-desmond-lee\/","title":{"rendered":"HDB to launch over 17,000 BTO flats next near, says Desmond Lee"},"content":{"rendered":"


\nHDB to launch over 17,000 BTO flats next near, says Desmond LeeDespite construction delays brought on by the COVID-19 pandemic, HDB is set to launch at least 17,000 BTO flats in 2022.
\nThe Housing and Development Board (HDB) is set to launch over 17,000 Build-to-Order (BTO) flats in 2022, reported Channel News Asia (CNA) citing National Development Minister Desmond Lee.
\nSpeaking in Parliament on Monday (26 July), the minister noted that the COVID-19 pandemic has led to construction delays and manpower crunch.
\nDespite this, HDB remained on track to launch about 17,000 BTO flats this year, up from the 16,800 flats last year and 14,600 units in 2019, he said.
\nLee made the statement in response to Member of Parliament Gan Thiam Poh\u2019s (PAP-Ang Mo Kio) question on whether HDB can increase the BTO supply in the next three years to make up for the pandemic-led delay in construction.
\nLee explained that the Government had ramped up BTO launches over the years to cater to the needs of young families including \u201cecho boomers\u201d, which refer to the children of baby boomers.
\n\u201cFor next year, we\u2019re still looking at demand and keeping track of the property market, and we will announce the figures for next year\u2019s launch soon,\u201d he said as quoted by CNA.
\n\u201cHaving said that, we do not see that we will reduce the number of flats launched next year\u2014and certainly, it will be above 17,000 flats.\u201d
\nIn a recent media release, HDB said that demand for BTO flats has increased over the years, with the overall application rate for each unit rising to 5.8 in 2020 from 2.3 in 2017.
\nDemand for new flats within mature estates was particularly strong, with application rates for each flat jumping to 6.7 in 2020 from 2.8 in 2017.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB to launch over 17,000 BTO flats next near, says Desmond Lee<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB to launch over 17,000 BTO flats next near, says Desmond LeeDespite construction delays brought...<\/p>\n","protected":false},"author":1,"featured_media":121093,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vv6","jetpack-related-posts":[{"id":113092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","url_meta":{"origin":121092,"position":0},"title":"Up to 17,000 BTO flats to launch next year: Lawrence Wong","date":"December 16, 2019","format":false,"excerpt":"\r This is to meet the additional demand for houses after key policy changes.\u00a0 National Development Minister Lawrence Wong revealed that HDB will be launching 16,000 to 17,000 Build-To-Order (BTO) flats next year to meet additional demand after the roll-out of key policy changes this year, reported The Straits Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4056-bto-flats\/","url_meta":{"origin":121092,"position":1},"title":"HDB launches 4,056 BTO flats","date":"February 14, 2017","format":false,"excerpt":"\r A total of 17,000 new flats are set to be launched in 2017.\u00a0 The Housing and Development Board (HDB) launched 4,056 flats for sale this morning under the February 2017 Build-To-Order (BTO) exercise. Spread across six projects in Punggol, Clementi and Tampines, these flats comprise the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-wait-times-for-bto-projects-remains-at-four-to-five-years-says-desmond-lee\/","url_meta":{"origin":121092,"position":2},"title":"Average wait times for BTO projects remains at four to five years, says Desmond Lee","date":"October 6, 2021","format":false,"excerpt":"\r The total waiting time for BTO projects is still under six years, with\u00a0BTO projects launched this year and last year having wait times ranging between\u00a0three to 5.5 years. Including delays brought about by the pandemic, the average waiting time for ongoing Build-to-Order (BTO) projects has remained between four to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HOUGANG-CITRINE-BTO-AUGUST-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/89-ongoing-bto-projects-have-received-bcas-approval-to-resume-works-desmond-lee\/","url_meta":{"origin":121092,"position":3},"title":"89 ongoing BTO projects have received BCA's approval to resume works: Desmond Lee","date":"August 24, 2020","format":false,"excerpt":"\r Lee also reassured homeowners that HDB will \u201ccontinue to do their best to minimise these delays for all other BTO projects, while working with contractors to ensure COVID-safe compliance\u201d. Photo: HDB The Building and Construction Authority (BCA) has approved 89 ongoing Build-to-Order (BTO) projects to resume works, including\u00a0Senja Valley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-ramps-up-supply-of-private-homes-hdb-to-offer-more-bto-flats-with-shorter-wait-times-and-more\/","url_meta":{"origin":121092,"position":4},"title":"Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more","date":"December 12, 2022","format":false,"excerpt":"\r Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more6th December to 12th\u00a0December 2022 The Government has ramped up the private housing land supply on the Confirmed List under its Government Land Sales (GLS) Programme to 4,090 units for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/12\/private-homes-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","url_meta":{"origin":121092,"position":5},"title":"HDB resale prices, transactions up in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%. Resale prices for Housing and Development Board (HDB) flats rose 2.9% in the third quarter of 2021, moderating from the 3% increase registered in the previous quarter, showed HDB data on Friday (22 October). Nonetheless, it is still slightly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121092"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121092"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/121093"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}