Oral Answer by Ministry of National Development on Sale of Balance Flats programme
Feb 12, 2015
Mr Gan Thiam Poh: To ask the Minister for National Development:-
(a) to date, what is the total number of flats available under the Sale of Balance Flats programme;
(b) what is the breakdown of these flats by flat types and the number of units at each location; and
(c) whether HDB will consider conducting a Sale of Balance Flats exercise at each quarter of the year instead of twice a year.
Answer:
HDB currently has about 10,000 balance flats. About 3,000 units are in the mature estates. About 4,000 units are 3-room and smaller flats. We plan to release them in two batches of about 5,000 units each. This will offer more choices of flat types in various locations and give applicants a better chance of success, for each exercise. Nonetheless, we will review and fine-tune the marketing plan to see how best to complement the BTO exercises and support a stable housing market.