Public housing is on the road to recovery.
The number of completed Housing and Development Board (HDB) flats has grown exponentially from 53,777 units in 1960-1965 to around 1.08 million units as of March 2015, with total bookings of HDB flats standing at 21,002 units, and the total volume of resale transactions numbered around 17,673 in 2015. The demand for public housing is growing as homeowners find them affordable, along with the housing grants and incentives handed out by the government.
