"Mr Khaw said as long as construction costs do not rise dramatically, the BTO prices will stabilise.
He said: I am tackling the issue of affordability head on... Since May, we have stabilised the prices of these BTO flats. We have moderated price changes such that after adjusting for differences in location, amenities and other physical attributes, the May, July and September BTO prices were roughly comparable to the prices of similar units in the April BTO launch. The upcoming BTO launch next month will repeat this pattern.
"Newlyweds eyeing new HDB flats do not need to worry that BTO price will run ahead of their income. As long as construction costs do not rise dramatically, the BTO prices will stabilise. In this way, new HDB flats will always be affordable to the newlywed first-timers, provided that their expectation is realistic.""
FRom CNA.
That is a big change in policy