>> ASIAONE / NEWS / ASIAONE NEWS / SINGAPORE / STORY
90% of balloted flats now reserved for first-timers
Tue, Aug 14, 2007
AsiaOne

The Housing Development Board (HDB) is giving extra priority to first- and second-timer applicants of HDB flats, with 90 per cent of the flat supply being safeguarded for this group, up from 80 per cent previously.

The HDB said this in a statement issued today, given the "pressing need" of newly-weds to settle down and start a family.

This priority also extends to first-time buyers and applicants who come under the Married Child Policy Scheme (MCPS) when they apply for new HDB flats.

First-time buyers will be given double the chances when balloting for flats, and those who have been repeatedly unsuccessful in being shortlisted for four or more Build-To-Order (BTO) and Balloting Exercises will also be given additional chances under the ballot to improve chances of them getting shortlisted.

Applicants who qualify as first-timers and are eligible under the MCPS will be given 4 chances under the ballot compared to regular Public Applicants. The assignment of additional chances to first-timers and MCPS applicants operates on a similar basis as the existing system.

For example, a typical first-timer applicant will be given 2 chances under the ballot. The same first-timer will be given a total of 3 chances under the ballot, if this is his 5th attempt at a BTO/Balloting Exercise and he has been repeatedly unsuccessful 4 times in the past. He will be given 4 chances under the ballot if he has been repeatedly unsuccessful 5 times previously. However, all previous unsuccessful attempts will be nullified, if an applicant was shortlisted within 100 per cent of the flat supply but did not proceed to select a flat.

For fairness, applicants will continue to be subject to a ballot to determine the order that applicants will be shortlisted to select a flat.

The changes take effect from today and will start with the BTO exercise for Punggol Vista launched today.

 

 
STORY INDEX
 
  90% of balloted flats now reserved for first-timers
   
 
  Starhub ordered to reveal customers who download videos illegally
   
 
  Hawker prices remain generally stable
   
 
  Starhub ordered by court to reveal customers who download videos illegally
   
 
  Singapore Defence Minister visits Thailand
   
 
  Sony invests $99 mln in Singapore battery plant
   
 
  Straits Times tops advertisers' choice survey
   
 
  SingTel Q1 profit up 10%, beats expectations
   
 
  Mickelson to play US$4 million Singapore Open
   
 
  FEER files defence statement in Singapore libel suit
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: