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January 23, 2008 Wednesday
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Jan 23, 2008
BTO exercises mainstay of new flat supply
I REFER to the letter from Mr Chan Han Jun, 'Review criteria of HDB design-&-build scheme' (ST, Jan 8).

The Design, Build and Sell Scheme (DBSS) was launched in 2005 to complement HDB's sales scheme. The objective was to offer HDB flat buyers an additional choice to meet their varied needs and aspirations. Under the DBSS, private developers will determine the pricing of the flats, taking into consideration the location, design features and demand from eligible buyers. It is intended to be only one of the many sales options, including resale flats, to cater to the diverse needs of flat buyers.

We would like to clarify that HDB's Build-to-Order (BTO) sales exercises will remain the mainstay of new flat supply. Under the BTO sales exercises, buyers are given a choice of Standard and Premium designs, as well as flats of varying sizes, prices and locations. HDB remains committed to ensuring their affordability for their target income groups. HDB has also increased the launch of BTO sales exercises in response to demand.

Flat buyers should consider the various options of flats available, based on their needs and affordability. As buying a home is a long-term financial commitment, buyers are advised to exercise financial prudence and purchase a flat within their affordability.

Leong Chok Keh
Deputy Director
(Policy & Property)
for Director (Estate Administration & Property)
Housing & Development Board

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