Building New HDB Flats Ahead of Demand

Debated in Parliament on 15 Oct 2012.

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Gerald Giam proposed that HDB build flats ahead of demand to reduce waiting times for first-time buyers, noting the current Build-to-Order system waits for 70% booking before calling tenders.
Khaw Boon Wan responded that HDB has changed its approach since May last year and no longer waits for the 70% take-up rate to call construction tenders.
The new approach aims to start construction sooner using ready architectural drawings and tender documents.
This policy shift addresses concerns about young couples obtaining keys earlier than the previous system allowed.

Questions identified by AI (learn more)

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Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked the Minister for National Development whether HDB will consider building flats ahead of demand so that first-time buyers, especially young couples, can obtain the keys to their new flats earlier than what is possible under the current Build-to-Order system whereby a construction tender is called only when about 70% of the units are booked.

Page: 914

Khaw Boon Wan

Since May last year, HDB has adopted a new approach and would proceed to call tenders for construction as soon as architectural drawings and tender documents are ready. They no longer wait for the 70% take-up rate.

Page: 914

Summary written by AI (learn more)

Gerald Giam proposed that HDB build flats ahead of demand to reduce waiting times for first-time buyers, noting the current Build-to-Order system waits for 70% booking before calling tenders.
Khaw Boon Wan responded that HDB has changed its approach since May last year and no longer waits for the 70% take-up rate to call construction tenders.
The new approach aims to start construction sooner using ready architectural drawings and tender documents.
This policy shift addresses concerns about young couples obtaining keys earlier than the previous system allowed.

Questions identified by AI (learn more)

Building New HDB Flats Ahead of Demand

Debated in Parliament on 15 Oct 2012.

Summary written by AI (learn more)

Gerald Giam proposed that HDB build flats ahead of demand to reduce waiting times for first-time buyers, noting the current Build-to-Order system waits for 70% booking before calling tenders.
Khaw Boon Wan responded that HDB has changed its approach since May last year and no longer waits for the 70% take-up rate to call construction tenders.
The new approach aims to start construction sooner using ready architectural drawings and tender documents.
This policy shift addresses concerns about young couples obtaining keys earlier than the previous system allowed.

Questions identified by AI (learn more)

Full Transcript

Gerald Giam Yean Song

Page: 914

Khaw Boon Wan

Page: 914

Summary written by AI (learn more)

Gerald Giam proposed that HDB build flats ahead of demand to reduce waiting times for first-time buyers, noting the current Build-to-Order system waits for 70% booking before calling tenders.
Khaw Boon Wan responded that HDB has changed its approach since May last year and no longer waits for the 70% take-up rate to call construction tenders.
The new approach aims to start construction sooner using ready architectural drawings and tender documents.
This policy shift addresses concerns about young couples obtaining keys earlier than the previous system allowed.

Questions identified by AI (learn more)

Building New HDB Flats Ahead of Demand | PAPERCUTS

Building New HDB Flats Ahead of Demand

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Gerald Giam Yean Song

Khaw Boon Wan

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Building New HDB Flats Ahead of Demand

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Khaw Boon Wan

Summary

Questions Identified