Building New HDB Flats Ahead of Demand

Parliament of Singapore · 15 October 2012

Official Report, 15 October 2012, Vol 89, Issue 8 · Open in the reader (summaries, search, filters)

Gerald Giam Yean SongKhaw Boon Wan
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Mr Gerald Giam Yean Song asked the Minister for National Development whether HDB will consider building flats ahead of demand so that first-time buyers, especially young couples, can obtain the keys to their new flats earlier than what is possible under the current Build-to-Order system whereby a construction tender is called only when about 70% of the units are booked.

Page: 914

Mr Khaw Boon Wan: Since May last year, HDB has adopted a new approach and would proceed to call tenders for construction as soon as architectural drawings and tender documents are ready. They no longer wait for the 70% take-up rate.

Page: 914

Source: Singapore Parliament Official Report (Hansard) for 15 October 2012. Republished on SGParliament.