Singapore Unveils Changes to Make Public Housing More Affordable

Couple sitting in front of house

Measures to come into effect Sept. 11, Minister Wong says

September 23, 2019
Katrina Nicholas & Joyce Koh - Bloomberg

Singapore may increase its supply of public housing next year as the city-state introduced measures Tuesday aimed at making such homes more affordable.

Minister for National Development Lawrence Wong said the measures would help more Singaporeans from lower to upper-middle income households buy their first homes. The Housing & Development Board, which is the body responsible for public housing, would probably have to increase supply in 2020 to meet the additional demand expected to stem from the changes, according to a joint statement from MND and HDB.



714.701.9180

Arrange No Cost Consultation

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2019 - Construction Defect Journal – All Rights Reserved