The Intermediate Housing Act targets those who earn too much for flats subsidised under the Home Ownership Scheme, but not enough to buy on the private market.
home-ownership scheme
Demand outstrips supply in applications for 5,252 one-, two- and three-bedroom units on reclaimed land next to HZMB.
The projects cover home-ownership, temporary housing and apartments for senior citizens specially designed to improve their quality of life.
New points-based system now applies for the 5,254 flats on offer, which cannot be put on the open market but have to be sold back to the Housing Bureau.
Environmental reports should be completed by December, though the number of flats is still in question, and activists question whether it should be built at all.
Government aims for “quality, not quantity”: rules out public consultation.
New round of applications for 3,011 subsidised home-ownership scheme flats launched for land reclamation area Zone A.
Ho Iat Seng’s government will spend public money “wisely” with the aim of ensuring that public expenditure is always on the right track.
