Debated in Parliament on 15 Oct 2012.
Mr Gan Thiam Poh asked the Minister for National Development (a) what is the number of completed HDB flats that were issued with temporary occupation permits in each of the last two years and how many are projected to be completed in the current FY and in each of the next three years; (b) what is the number of completed landed and non-landed private housing units that were issued with temporary occupation permits in each of the last two years and how many are projected to be completed in the current FY and in each of the next two years; (c) what is the number of unsold public and private housing units to date; and (d) what is the projected number of new private housing units that will be released into the market in the next one year.
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The number of housing units completed in the last two years and the projected completion of units in next three years are shown in the table below:
For public housing, any supply of unsold flats is ad-hoc in nature, comprising balance supply from earlier Build-to-Order (BTO) exercises, surplus replacement flats from the Selective En bloc Redevelopment Scheme and repurchased flats. They will be accumulated and offered for sale to the public via a Sale of Balance Flats exercise once there are sufficient flats. Currently, all of HDB's unsold completed stock (1,500 units) is being offered for sale together with other unsold flats at various stages of completion (5,600 units) under the 2012 Sale of Balance Flats exercises.
For private housing, about 39,600 units from projects in the pipeline remain unsold as of 2Q2012.
Details for the Government Land Sales Programme for next year are not yet finalised.
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PAPERCUTS