SINGAPORE - Eager home buyers can soon book a Housing Board flat by the next working day after applying.
A new sales exercise will soon offer flats on a rolling basis, available for booking at any time.
The first batch of 120 flats offered under the new scheme will be open for booking around the middle of the year, Minister for National Development Lawrence Wong said in a blog post on Thursday (Feb 7).
Currently, the fastest way for buyers to get a flat is under the Re-Offer of Balance Flats (ROF) exercise, which offers unsold flats from previous sales exercises. Applicants have to wait for a week till applications close before they find out if they are successful. The new scheme means they can find out within a day if their application is successful.
"In other words, flat buyers can apply online anytime on a first come, first served basis, and book a flat by the next working day," said Mr Wong. "This will effectively reduce their waiting time to book a flat to just one day."