The Singapore government is intensifying its efforts to cater to the rising housing demand. HDB plans to expedite the availability of Build-To-Order flats, reducing the wait time for eager homebuyers. Additionally, the private housing supply will be expanded to ensure affordable options for all. These initiatives aim to alleviate the housing crunch and provide citizens with more accessible and timely accommodation solutions.
Despite the recent hikes in Buyer’s Stamp Duty (BSD), new private home sales in Singapore have experienced a surge. In other news, the government has initiated a pilot program to provide shared room facilities for singles. Stay tuned for more details on these developments and their impact on the real estate market.