3,200 applicants for Boon Lay Grove BTO flats are first-timer households


3,200 applicants for Boon Lay Grove Built-to-Order (BTO) flats are from first-timer households.

These are households which have never bought a flat with housing subsidies – the priority group that BTO sale exercises seek to cater for.

Among them, 53 per cent have not applied for any BTO projects in non-mature estates prior to Boon Lay Grove.

Also, 12 per cent are third-time applicants while nine per cent are fourth-or-more time applicants.

National Development Minister Mah Bow Tan says 95 per cent of new flats are set aside for first-timers and the Government is committed to help Singaporeans own their first homes.

To meet the demand for new flats, some 9,000 BTO flats were launched in the first half of 2010.

The Housing and Development Board says it is prepared to launch an additional 7,200 BTO flats by year-end.

In all, 2010′s BTO flat supply of 16,000 units is almost twice that of last year’s, says the HDB.

Source : Channel NewsAsia – 19 Jul 2010

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