National Development Minister Khaw Boon Wan today made clear that he has de-linked the prices of new flats sold by HDB from the resale flat market.
He has done this ever since he took over the housing portfolio in 2011 to ensure that Build-to-Order (BTO) flats remain affordable despite the rising resale market, he said.
Speaking to reporters at the HDB hub on Thursday morning, he noted that BTO prices across HDB's new launches in the past 18 months have been stable, although prices of resale flats have been steadily climbing.
This means that the subsidy that the Government is giving for the construction and sale of new flats has been growing.
The why the hell a BTO in Tampines/Tiong Bahru etc is so much more expensive than CCK/Yishun:oIo:. Doers it costs more to build in popular areas? Now then 'de-link' prices of BTO to resale? That means last time all along is linked is it