Range of housing options to meet diverse budgets and needs

HDB will “continue to build more, build faster and build better” in this term of government.

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She noted that the Government has exceeded its commitment of launching 100,000 new flats between 2021 and 2025, and will launch 55,000 flats from 2025 to 2027 - 10 per cent more than its initial commitment.

At least 4,500 flats with shorter waiting times will be launched in 2025, said Ms Sun, with about 4,000 of such flats to be launched annually in 2026 and 2027 - a more than 20 per cent increase compared with earlier plans.

Such flats have wait times of under three years, and about 3,100 will be launched in October.

Ms Sun's comments come on the back of recent increases in flat supply in two upcoming estates - Mount Pleasant and the former Keppel Club.

Both will have 1,000 more flats than initially projected, with Mount Pleasant to now have about 6,000 flats, and the former country club slated to yield 7,000 flats in an estate named Berlayar.

Ms Sun also said that a steady private housing supply will be sustained, with more than 25,000 private units slated for launch from 2025 to 2027.

AFFORDABILITY

The Government will continue to price BTO flats so that they are affordable for buyers with different income levels.

Ms Sun said standard flats will form a significant proportion of annual supply, to provide sufficient options for buyers with tighter budgets.

BTO flats across flat types will also be priced well below comparable resale flats, she said.

She pointed to the most recent BTO sales exercise to demonstrate the Government's commitment to ensuring a range of housing options to meet diverse budgets and needs.