Publicising BTO Sites in Advance

Debated in Parliament on 14 Jan 2013.

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Gan Thiam Poh asked if the Ministry could share proposed new HDB BTO sites one year in advance and allow public registration of interest for better planning.
Khaw Boon Wan responded that the Ministry will try to publish likely BTO towns for the next 12 months, but detailed sites cannot be finalized until about two months before launch due to evolving planning factors.
He added that allowing public registration for all proposed sites would not improve demand matching, as it lacks commitment and could crowd out genuine buyers, unlike the current one-application-per-exercise system.

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Gan Thiam Poh

Mr Gan Thiam Poh asked the Minister for National Development (a) whether the Ministry can share with the public the proposed new HDB BTO sites one year in advance; and (b) whether the Ministry can consider allowing the public to register their interest for all the proposed sites to enable better planning and matching of demand.

Khaw Boon Wan

We will try to publish the names of the towns in which the BTO projects are likely to be launched in the next 12 months. However, the actual sites and other detailed information cannot be firmed up until about two months before launch. This is because such planning is an evolving process, dependent on the site condition and the level of project readiness.

However, allowing the public to register their interest for all proposed sites will not improve planning and matching of demand. This is because such information will not accurately reflect actual demand as there is no commitment to buy. The current system of only allowing one application per BTO exercise is

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better as it prevents genuine buyers from being crowded out by less-committed buyers.

Summary written by AI (learn more)

Gan Thiam Poh asked if the Ministry could share proposed new HDB BTO sites one year in advance and allow public registration of interest for better planning.
Khaw Boon Wan responded that the Ministry will try to publish likely BTO towns for the next 12 months, but detailed sites cannot be finalized until about two months before launch due to evolving planning factors.
He added that allowing public registration for all proposed sites would not improve demand matching, as it lacks commitment and could crowd out genuine buyers, unlike the current one-application-per-exercise system.

Questions identified by AI (learn more)

Publicising BTO Sites in Advance | PAPERCUTS

Publicising BTO Sites in Advance

Debated in Parliament on 14 Jan 2013.

Summary written by AI (learn more)

Gan Thiam Poh asked if the Ministry could share proposed new HDB BTO sites one year in advance and allow public registration of interest for better planning.
Khaw Boon Wan responded that the Ministry will try to publish likely BTO towns for the next 12 months, but detailed sites cannot be finalized until about two months before launch due to evolving planning factors.
He added that allowing public registration for all proposed sites would not improve demand matching, as it lacks commitment and could crowd out genuine buyers, unlike the current one-application-per-exercise system.

Questions identified by AI (learn more)

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

Page: 132

better as it prevents genuine buyers from being crowded out by less-committed buyers.

Summary written by AI (learn more)

Gan Thiam Poh asked if the Ministry could share proposed new HDB BTO sites one year in advance and allow public registration of interest for better planning.
Khaw Boon Wan responded that the Ministry will try to publish likely BTO towns for the next 12 months, but detailed sites cannot be finalized until about two months before launch due to evolving planning factors.
He added that allowing public registration for all proposed sites would not improve demand matching, as it lacks commitment and could crowd out genuine buyers, unlike the current one-application-per-exercise system.

Questions identified by AI (learn more)

Publicising BTO Sites in Advance

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Gan Thiam Poh

Khaw Boon Wan

Summary

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Publicising BTO Sites in Advance

Summary

Questions Identified

Full Transcript

Gan Thiam Poh

Khaw Boon Wan

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Questions Identified