Expect HDB construction to taper from 2014: Khaw

Over 77,000 BTO flats delivered in the last 3 years.

The government will begin to taper off the massive construction programme from 2014 after three years of sustained ramp-up to restore the balance in Singapore's housing market. This was revealed by Minster for National Development Khaw Boon Wan on his blog.

He said the COV trend in the resale HDB market is symptomatic of this development and is welcomed. The government will do so in a measured way, to allow the market to gradually adjust, just like what it had done to cool the property market earlier.

"The Nov 2013 BTO/SBF launch is about to close. The offering of 8,952 flats in a single launch was the largest in HDB’s history. With this, we have delivered over 25,000 BTO flats this year and over 77,000 BTO flats in the last three years," he added.

Read his full blog here.