http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_674414.html
IN HIS third blog posting in five days, new Minister of National Development Khaw Boon Wan has asked the HDB to look into building more Build-To-Order (BTO) flats in mature estates.
Titled Making A Calculated Move, Mr Khaw acknowledged that his Ministry had been reluctant to launch BTO projects in mature estates for fears that its popularity 'would attract high subscription rates, further alarming the market.'
'While this is a valid concern, I believe that Singaporeans will understand that mature estates will always attract very high subscription. We should not be daunted by such a prospect, but should instead try to meet the aspirations of many young couples wanting to set up nests near their parents,' Mr Khaw wrote.
But even though the Minister pointed out that HDB doubles the balloting chances of such couples under the Married Child Priority Scheme, he advised young couples to look to get a HDB unit in newer estates, so as to 'better their chances of getting a flat.'
Mr Khaw's blog comes after the current BTO launch that saw about 8,000 applications for 4,000 new units so far, the highest demand coming for flats in Tampines, a matured estate.
To read more of Minister Khaw's latest blog post, go here: http://mndsingapore.wordpress.com/2011/05/30/making-a-calculated-move/
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