HDB hopes to launch around 2,000 to 3,000 Shorter Waiting Time flats per year by 2025.
After that, over a period of time, HDB will recalibrate its building programme so that Shorter Waiting Time flats form a larger proportion of new flats.
PRIORITISING FIRST-TIMERS
Mr Lee said that in the National Development Ministry’s public engagements, there has been one consistent point of agreement: That first-time home buyers should be prioritised, especially those getting married and those with young children.
The ministry is studying how it can provide even more support for such families looking to buy their first homes, he said.
Some measures to increase their chances have already been implemented, with more than 90 per cent of flats in BTO launches reserved for first-timers.