MND will continue to 'build more, build faster' to meet public housing demand: Chee Hong Tat
The Ministry of National Development (MND) will continue to «build more and build faster» to ensure an adequate supply of new flats to meet the expected increase in demand for BTO flats and executive condominiums.This comes after income ceilings were revised to a higher limit of $16,000 and $18,000 respectively, said Minister for National Development Chee Hong Tat. Raising the income ceiling, and giving more balloting chances for first-time families who are expecting, or who have children, are possible only when Singapore has an adequate supply of new flats, Chee told CNA's Singapore Tonight on Tuesday (Aug 25).He was responding to comments from property experts, who felt that higher income ceilings could drive up demand, making it harder to secure choice flats. Explaining how the Government was able to do so, Chee said MND had taken the approach of building more and building faster when Desmond Lee was National Development Minister between 2020 and 2025.