Mah cautions against seeing renting flats as easy way out
By Channel NewsAsia | Posted: 20 February 2010 2229 hrs
SINGAPORE: National Development Minister Mah Bow Tan has cautioned against seeing renting flats from HDB as an easy way out as these flats generally have low rents.
Mr Mah's comments at a January 15 PAP policy forum on "Housing in Singapore" were reported in the recent copy of Petir, which is a People's Action Party magazine.
The HDB is working to increase the supply of rental flats for the needy and there will be about 7,500 more by 2012.
Mr Mah also touched on reports that some build-to-order (BTO) flats have been very oversubscribed.
He explained that the high number of applications does not mean there are insufficient flats because a huge proportion of would-be buyers do not select a flat.
Mr Mah cited figures which showed over 40 percent of those invited to choose a BTO flat did not do so.
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