12,700 applications for 2,132 HDB flats under Sales of Balance Flats scheme
From our Correspondent In less than a week since the Sale of Balanced Flats is launched by HDB, 12,700 applications have been filed for only 2,132 available flats - about six times oversubscribed! Analysts say applications could hit 20,000 when the process closes next Wednesday, making 10 bids for every available flat. The scheme...
HDB to increase supply of flats to soothe frayed nerves
From our Correspondent Faced with a massive revolt from the electorate over the rising prices of HDB flats which is exacerbated by the relentless influx of foreigners who become PRs in recent years, HDB finally succumbs to public pressure by increasing the supply of new flats. National Development Minister Mah Bow Tan said on...
How much money is HDB making or losing from the sale of new flats?
From our Correspondent The rising disgruntlement on the ground over exorbitantly priced HDB flats had to another round of "damage control" by the HDB through the state-controlled media. Days after days, HDB officers wrote to the Straits Times Forum explaining painstakingly why HDB flats are still affordable and how the prices...
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