SINGAPORE - The upcoming Build-To-Order (BTO) sales exercise next week will have seven projects launched in the Standard category, seven more in Plus, and just one Prime BTO project, as the Housing Board rolls out a new system of classifying flats. It will mark the first time where BTO flats will be sorted according to these three categories.
Prime and Plus flats, which are located closer to amenities such as MRT stations and town centres, will come with stricter resale conditions.SINGAPORE - The upcoming Build-To-Order sales exercise next week will have seven projects launched in the Standard category, seven more in Plus, and just one Prime BTO project, as the Housing Board rolls out a new system of classifying flats.
Standard flats will not have a subsidy recovery clause when they are sold, and will come with a 5-year MOP. Spread across nine towns - Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Geylang, Kallang/Whampoa, Pasir Ris, Sengkang and Woodlands - October’s exercise will make up more than 40 per cent of new flat supply for 2024.
Mr Lee also said unlike flats launched so far under the prime location public housing model, which have been in towns surrounding the city centre - such as Bukit Merah, Queenstown and Kallang/Whampoa - Prime projects will not be limited to these estates. HDB is also building new flats in very attractive locations, he said, adding that these flats, such as those located in the city centre, would command higher market values, and would be out of reach of many families if the HDB prices them higher.
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