HDB FLATS IN YISHUN NEW TOWN(Particulars)

Dr Koh Lip Lin asked the Minister for National Development (a) what is the targeted number of units of flats in Yishun New Town; (b) when will the building of these flats be completed; and (c) how many unsold flats are there in the New Town and what measures are being taken to encourage applicants to take up these flats.

Mr S. Dhanabalan: (a) Yishun New Town will have about 60,000 flats when fully completed.

(b) The building schedule for the targeted number of flats in Yishun will depend on the demand. It is anticipated that all the flats will only be completed after the year 2000.

(c) As at 30th June 1987, there are 11,125 unsold flats in Yishun New Town.

Experience shows that the take-up rate for vacant flats in Yishun Town Zones would initially be low. This is because the New Town infrastructural and transport facilities are less developed compared to those in established estates. There are plans to improve the transportation network and to speed up the building of other infrastructural facilities in Yishun New Town.

74% of the unsold flats are the smaller ones (3-room and 4-room Simplified).They are being allocated immediately to any eligible applicant who makes a request at the HDB's Sales Section.