SINGAPORE: Over the last four years, demand for new Housing and Development Board flats has risen – particularly for those in mature estates.
The Housing Board also cited the Dakota One project in Geylang, launched in August last year, as having more than 19 applicants vying for each four-room flat. Average SBF application rates for mature areas stood at 5.4 applications per flat, compared to 4.8 for non-mature ones, said HDB. It noted that between 2015 and 2019, there was an average of 23,600 citizen marriages registered each year. This is higher than the 22,400 registered each year between 2010 and 2014.
But while there were fewer multi-generational families living together, more couples were living near their parents, according to the HDB Sample Household Survey from 2018. Under this scheme, up to 30 per cent of flat supply is set aside for families buying their first flat, while up to 15 per cent is set aside for families doing so for a second time.
How about failure to anticipate?
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