HDB to scrap Re-Offer of Balance Flats exercises

Fresh property news selection on March 05. 2020, Thursday.

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To help home buyers access flats more quickly, the Housing Board will scrap the existing Re-Offer of Balance Flats (ROF) exercises.

All unsold Build-To-Order flats will first be offered through the Sale of Balance Flats exercises, and those that remain unselected will be directly offered for open booking, instead of going through another round of balloting.

 

The move was among various measures that National Development Minister Lawrence Wong announced yesterday.

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