BTO prices will not rise with resale market: Khaw
Published on Jan 31, 2013 11:58 AM
National Development Minister Khaw Boon Wan today made clear that he has de-linked the prices of new flats sold by HDB from the resale flat market.
He has done this ever since he took over the housing portfolio in 2011 to ensure that Build-to-Order (BTO) flats remain affordable despite the rising resale market, he said.
Speaking to reporters at the HDB hub on Thursday morning, he noted that BTO prices across HDB's new launches in the past 18 months have been stable, although prices of resale flats have been steadily climbing.
This means that the subsidy that the Government is giving for the construction and sale of new flats has been growing.
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