**TRS Editorial Piece**
Minister for National Development Khaw Boon Wan said today that the Housing and Development Board is on track to deliver 13,600 units this year, with 6000 already completed.
However, he added that the current ramp-up in supply is not sustainable and is expected to slow down after 2015.
Minister Khaw was speaking to reporters on the sidelines of a visit to Treegrove@Woodlands where he witnessed the handover of a completed block by the appointed contractor to HDB.
HDB has launched 25,000 and 27,000 build-to-order flats in 2011 and 2012 respectively and another 25,000 will be launched this year.
In terms of completion, 29,000 and 26,000 flats are expected each year in 2014 and 2015.
No indication was given as to the number of flats likely to be available after 2015. With the government set to import many more foreigners by 2030, it is questioned whether or not there will be enough HDB flats for Singaporeans to live in.
It seems that Khaw Boon Wan is going back on his words from last year when he assured everyone that there would be enough new HDB flats:
This was a report from 25 Nov 2012, when he said that there would be enough to meet demand. This is clearly in reference to the current rate of supply, but now that he is saying that they cannot sustain the current rate of supply, what will happen after 2015?
Is the government going to stop importing foreigners after 2015 because we wont have houses for them to stay in? It's more likely that they will just extend the wait times and raise the prices so that ordinary Singaporeans will have to stay with their parents until they are 30.
Is this what you want for your kids in the future?