THE Housing Board (HDB) has moved to address mounting concern about inadequate flat supply by upping the first-timer's success rate for getting a flat and by launching more than 1,000 homes for sale in Punggol.

With immediate effect, the Board has increased the number of flats reserved for first-timers at its sales launches from the current level of 90per cent to 95 per cent.

This applies to both its build-to-order (BTO) scheme - which provides the bulk of HDB flats and where units are built when a certain demand is reached - and the sale of balance flat (SBF) exercise, which typically offers ready flats across the island.

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» HDB launches two new BTO projects in Punggol

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