Mah Bow Tan says revised application rules for new Singapore flats are fair

Posted on May 24th, 2008 by Mindy Yong.
Categories: Singapore Real Estate News.

Mah Bow Tan says revised application rules for new Singapore flats are fair

By Wong Siew Ying,
 

SINGAPORE : National Development Minister Mah Bow Tan has said that the Housing and Development Board (HDB) has no intention to raise the administrative fee for the application of new flats.

Speaking on the sidelines of the Draft Master Plan Exhibition on Friday, Mr Mah said the fees will remain at the current S$10, so as not to deter genuine flat buyers.

He also justified the need to revise the application rules for new Build-To-Order flats.

Mr Mah said, “In HDB’s case, we are selling heavily subsidised flats; we need to make sure that those who need the flats, first-timers, young couples getting married, do get a chance to own the flat.

“They are given two choices; if they still don’t take it up, I think it’s only fair that we move them to the back of the queue.

“We are not even saying ‘don’t come back’, we are saying ‘please move to the back of the queue’, because obviously your need is not so urgent.” - CNA/ms

 

 

Source : Channel NewsAsia   - 24 May 2008

Singapore Property - Buy, Sell, Rent, Invest

Mindy Yong

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mindy@mindyyong.com

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