What Are the Differences Between Standard, Plus, and Prime BTO Projects
From mid 2024 onwards, new BTO projects will be classified as Prime, Plus, or Standard flats. Most of the supply will fall under the Standard category. Located islandwide, these flats will follow the regular subsidies and have a five-year Minimum Occupation Period (MOP). Plus and Prime flats will have stricter conditions, with rules such as a 10-year MOP, tighter resale restrictions (only Singapore citizens can buy resale Plus and Prime flats), and a subsidy clawback upon resale. Most notably, Plus and Prime flat owners cannot rent the entire flat even though their MOP is fulfilled.
Prime projects will be located in the “choicest”, most central locations. As compared to Standard and Plus flats, Prime flats will be the most costly but also have the most subsidy of the three flat categorisations. Only four neighbourhoods are considered ‘prime’ under the PLH model: Central Area, Queenstown, Kallang/Whampoa, and Bukit Merah.
Where Will the Standard, Plus, Prime Flats Be Located?
North and North-East regions (e.g. Ang Mo Kio, Punggol): mostly Standard and some Plus flats
West region (e.g. Tengah, Bukit Batok): mostly Standard and some Plus flats
Central region (e.g. Kallang/Whampoa, Bukit Merah): mostly Plus and Prime HDB flats
East region (e.g. Bedok, Pasir Ris): mostly Standard and some Plus flats
How Will the New Standard, Plus, Prime Flat Categories Affect Singles?
Singles will have more housing options. They are no longer limited to applying for 2-room Flexi flats in non-mature estates. Now, they can buy any 2-room Flexi BTO flat under the Standard, Plus, and Prime categories. For singles buying a BTO flat, the BTO income ceiling of $7,000 remains unchanged.
Regarding resale flats, singles can purchase any size of Standard and Plus flats (except for 3Gen flats). However, they will only be eligible to purchase 2-room Prime HDB flats. Additionally, singles wishing to buy a 2-room Prime HDB flat from the resale market will have to earn less than $7,000 monthly.
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