Minister for National Development, Lawrence Wong, announced yesterday that about 1,000 Build-to-Order flats in non-mature estates will be built ahead of their launches next year. These flats will be ready in about 2 and a half years instead of the current 3 to 4 years. Young couples and first-time home buyers will receive their flats earlier.
For current situation, young couples or first time home buyers who urgently need flats will only have one option, which is the resale market and it cost much more.
HDB will shortern the waiting time for new Build-To-Order flats in some projects by one year. Mr Wong said, “We are achieving this not by rushing construction, but by commencing construction ahead of launch.” This means young couples can choose and plan their future with certainty.