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Tue, Mar 09, 2010
The Straits Times
HDB flats: Facts & Myths
Related story:
» HDB rules change
» What's changing
» New limits on sale of flats to PRs
» Second HDB loans more widely available
» Lease Buyback expanded
» Mah's own upgrading story

NATIONAL Development Minister Mah Bow Tan spent some time in Parliament last week addressing popular misconceptions about Singapore's public housing market.

MYTH: There are not enough HDB flats to meet demand.

HIS RESPONSE:

  • The HDB released 13,500 new flats last year and will release another 12,000 or more this year. This is more than the total number of flats in Clementi or Jurong East (about 23,000 flats each).
  • The massive oversubscription rates for new flats are misleading. That is because half the number of flat applicants choose not to book a flat when invited to do so. Many say this is because they could not get a flat of their choice, yet in recent selection exercises, one-third rejected flats on the first day of selection, when all the flats were available.S
  • Some first-time buyers have complained that they have tried repeatedly to get a flat to no avail. But when the HDB reviewed 477 such cases in the last six months, it found only 29 appeals (6 per cent) were genuine.

     

    CASE STUDY: Mr C complained about his lack of success in getting a flat. The HDB's checks found that he had submitted four applications, three of which were in highly popular mature estates. In six months, he consecutively rejected three offers of flats: one offer of 121 flats in Punggol/Sengkang because he had been 'targeting a unit in Buangkok'; another offer of 143 flats in Punggol because 'the units left are facing the mosque'; and a third offer of 14 flats in Serangoon, Yishun, Ang Mo Kio, Tampines and Woodlands because these were not his 'choice' flats.

    Next: HDB flats are unaffordable >>

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STORY INDEX
 
  The housing balancing act
   
 
  HDB flats: Facts & Myths
   
 
  Lease Buyback expanded
   
 
  Second HDB loans more widely available
   
 
  New limits on sale of flats to PRs
   
 
  What's changing
   
 
  HDB rules change
   
 
  Mah's own upgrading story
   
 
  30 years and counting
   
 
  11 bids for exec condo site in Sengkang
   
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