{"id":74592,"date":"2017-12-15T09:12:13","date_gmt":"2017-12-15T02:12:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-maintain-a-steady-supply-of-flats-next-year-wong\/"},"modified":"2017-12-15T10:02:48","modified_gmt":"2017-12-15T03:02:48","slug":"hdb-to-maintain-a-steady-supply-of-flats-next-year-wong","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-maintain-a-steady-supply-of-flats-next-year-wong\/","title":{"rendered":"HDB to maintain a steady supply of flats next year, Wong"},"content":{"rendered":"


\nThe Housing and Development Board (HDB) will keep a steady supply of around 17,000 new flats in 2018, comparable to the 17,584 flats launched this year, revealed Minister for National Development Lawrence Wong.
\n\u201cWe will continue to calibrate our flat supply carefully, taking into account underlying demand and the stability of the HDB resale market,\u201d he said in a blog post.
\nWong noted that around 1,000 flats will be launched in Yishun, Sembawang and Sengkang in the second half of 2018. The flats will have shorter waiting times of around 2.5 years, instead of the usual three to four years for most other Build-to-Order (BTO) project.
\nNew flat buyers can expect a \u201cgood spread of projects across mature and non-mature estates, including flats in the new Tengah town\u201d.
\nFor this year, Wong said the government focused on helping first-timer families acquire their own home.
\nTo help such couples better afford a flat on the open market, the government raised the Central Provident Fund Housing Grant from $30,000 to $40,000 or $50,000 in February 2017.
\nThe enhanced grant has benefitted close to 6,900 first-timer households, said Wong.
\nThe government also raised the rent subsidies for the Parenthood Provisional Housing Scheme (PPHS), benefiting around 840 households who are waiting for their new flats to be ready.
\nIn August 2017, the government also launched the first Re-offer of Balance Flats (ROF) exercise for those with urgent housing needs or who are not so particular about location.
\n\u201cWhile the flat selection exercise is still ongoing, about 800 households have already managed to book a flat,\u201d shared Wong.
\n\u201cAll these mean that young couples will have even more affordable and accessible housing options to start their marriage and parenthood journey early.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB to maintain a steady supply of flats next year, Wong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Housing and Development Board (HDB) will keep a steady supply of around 17,000 new...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-74592","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jp6","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":74592,"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":38179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bto-flat-supply-to-taper-in-2017-lawrence-wong\/","url_meta":{"origin":74592,"position":1},"title":"BTO flat supply to taper in 2017: Lawrence Wong","date":"December 15, 2016","format":false,"excerpt":"\r Fewer BTO flats will be launched next year, but the government will look to shorten waiting times for applicants. (Photo: Erwin Soo, Wikimedia Commons)\u00a0 The government will gradually taper the supply of Build-To-Order (BTO) flats in 2017, with the HDB launching around 17,000 units, down from the 18,000 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-scrap-re-offer-of-balance-flats-exercise\/","url_meta":{"origin":74592,"position":2},"title":"HDB to scrap Re-Offer of Balance Flats exercise","date":"March 5, 2020","format":false,"excerpt":"\r The change is part of the various measures unveiled by Wong to make housing more accessible as well as to better support Singaporeans\u2019 diverse housing needs. Homebuyers can look forward to faster access to public housing as the Housing and Development Board (HDB) will do away with the Re-Offer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1500-hdb-flats-launching-in-tengah-in-nov\/","url_meta":{"origin":74592,"position":3},"title":"1,500 HDB flats launching in Tengah in Nov","date":"May 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Tengah new town. (Photo: HDB) The Housing Board plans to launch in November the first batch of HDB flats in Tengah, Singapore\u2019s newest town in over 20 years, revealed National Development Minister Lawrence Wong. \u201cIt will be a substantial offering of around 1,500 flats, with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-sellers-restricted-by-ethnic-integration-policy-may-get-extension-wong\/","url_meta":{"origin":74592,"position":4},"title":"HDB flat sellers restricted by ethnic integration policy may get extension, Wong","date":"January 10, 2018","format":false,"excerpt":"\r Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National Development Lawrence Wong in Parliament on Tuesday (9 December). \u201cFor those who are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-not-all-old-hdb-flats-are-eligible-for-sers\/","url_meta":{"origin":74592,"position":5},"title":"Wong: Not all old HDB flats are eligible for SERS","date":"March 27, 2017","format":false,"excerpt":"\r The vast majority of HDB flats will see their leases run out, with the flats returned to the government. Do not assume that all old HDB flats are automatically eligible for the Selective En bloc Redevelopment Scheme (SERS), cautioned National Development Minister Lawrence Wong in a blog post last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74592"}],"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=74592"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}