Minister Visits New Housing Project Amidst Rising Resale Prices

Singapore's Minister for National Development Visits Toa Payoh Ridge BTO Project On May 28, 2025, newly appointed Minister for National Development, Chee Hong Tat, made his first official site visit to the Toa Payoh Ridge Build-To-Order (BTO) project. This visit comes amidst rising concerns over increasing resale flat prices in Singapore. The Toa Payoh Ridge project, consisting of four residential blocks, is nearing completion, with flat buyers beginning to collect their keys. During his visit, Minister Tat engaged with residents and addressed the media. He emphasized the government's commitment to public housing, stating, "Public housing is a key priority for me and my colleagues." He also acknowledged the concerns about rising resale prices, adding, "The increase in resale flat prices has been a concern for Singaporeans." The Minister highlighted the importance of increasing the supply of new HDB flats to help moderate these prices. Minister Tat's visit underscores the government's focus on providing affordable housing options for Singaporeans. The Toa Payoh Ridge BTO project represents a significant step in this effort, offering new homes to many families. The government's commitment to addressing the concerns of residents and ensuring a stable housing market is central to its policy.