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In line with the Actual Estate Financial Institute, 4,300 new apartments have been launched for sale throughout higher Tokyo in May, up 73.9% from the previous month however down thirteen.4% from May 2013. This is the fourth month in a row to see a year-on-yr drop within the provide of new flats.

36.We will do more to cut back BTO flat prices relative to incomes, and cut back the monetary burden of housing on our young. One way is to increase housing grants for families with youngsters to partially enhance affordability and partly to reward parenthood, as prompt by Mr Gan Thiam Poh. Mr Ang Wei Neng urged the same factor, but not from the parenthood perspective. There could also be other methods. Nevertheless, even as we make new HDB flats cheaper, we must proceed to encourage prudence and keep away from over-spending on housing, a point very effectively emphasised by Ms Penny Low.

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