1,521 Flats Sold Under HDB’s Open Booking Scheme

A sum of 1.521K flats have been marketed within the open selection system from its commence on Jun2019, reported MND KH Tan inside of Parliament on 2Mar.

He was replying MP Gan Thiam Poh who questioned the quantity of HDB public housing transacted under the release choosing system since its launch.

The release booking program helps residential property hunters “to request a flat via the internet, and receive their flat choice consultation on a first-come-first-served basis, which may possibly be as early as the next operating day”.

Tan said a total amount of 46 two room Flexi flats, Two hundred Seventy-three 3 room flats, 6hundred 1 4 room public housing, 597 five room/ 3Generation flats, and also 4 Exec flats have gotten ordered since 22 February ’21 via the open choosing system.

Gan furthermore questioned if HDB would think of throwing in an additional amount of flats more frequently and even increase the quantity of public housing in the market within the scheme.

Penrose price

Regarding this, Tan mentioned that HDB, currently, “holds open booking twice a year to add a new number of flats. The majority of flats given within the open booking arised from the group of flats which stick around unchosen on the two times yearly Sale of Balance Flats routines”.

He add on that Housing and Development Board has actually been looking into methods to put forward much more public housing with available booking.

Housing and Development Board, for example, has halted the Re-Offer of Balance Flat activities ever since February’20 to ensure that higher unselected flats from the SBF routines may possibly be put forward directly through open reservation, he claimed.

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