![](\"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/plantation-weave-parc-meadow-tengah-may-2023-bto-launch-1.jpg?fit=820%2C410&ssl=1\")
\nHDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats Across Singapore, and More15 to 21 August 2023
\nHDB has introduced a new BTO classification system, replacing the long-standing mature and non-mature estate labels. Meanwhile, singles aged 35 and above will be allowed to apply for new 2-room Flexi BTO flats across all locations from H2 2024.
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\n1. HDB to launch new public housing classification, new Plus flats to have stricter conditions<\/p>\n
HDB has introduced a new classification system, replacing the long-standing mature and non-mature estate labels.
HDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats...<\/p>\n","protected":false},"author":1,"featured_media":138883,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/plantation-weave-parc-meadow-tengah-may-2023-bto-launch-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A82","jetpack-related-posts":[{"id":112306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8170-flats-in-november-sales-exercise\/","url_meta":{"origin":138882,"position":0},"title":"HDB launches 8,170 flats in November sales exercise","date":"November 12, 2019","format":false,"excerpt":"\r This includes 4,571 BTO flats in Tengah, Ang Mo Kio and Tampines, as well as 3,599 flats under the Sale of Balance Flats scheme within mature and non-mature estates, like Bishan and Clementi. Image: HDB The Housing and Development Board (HDB) launched 8,170 flats for sale in the year\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35462,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-10118-flats-in-november-sales-exercise\/","url_meta":{"origin":138882,"position":1},"title":"HDB launches 10,118 flats in November sales exercise","date":"November 23, 2016","format":false,"excerpt":"\r New HDB flats accounted for more than half of the units launched for sale.\u00a0 The Housing and Development Board (HDB) launched 10,118 flats for sale on Tuesday (22 November) in its largest sales exercise in 2016. Build-To-Order (BTO) flats accounted for more than half of the units launched for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":138882,"position":2},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-plus-flat-owner-rental-restrictions-first-timer-families-will-enjoy-priority-for-standard-bto-flats-and-more\/","url_meta":{"origin":138882,"position":3},"title":"HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More","date":"August 28, 2023","format":false,"excerpt":"\r HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More22 to 28 August 2023 The new Plus flat model will come with several conditions such as an income ceiling of $14,000 for resale buyers and a ban to rent out the entire\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/68784216_s-Cropped.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/","url_meta":{"origin":138882,"position":4},"title":"HDB launches over 7,800 flats in combined sales exercise","date":"August 12, 2020","format":false,"excerpt":"\r The flats range from two-room flexi to five-room flats to meet the diverse housing needs of singles, the elderly, first-timers and second-timer families. Photo: Parc Residences @ Tengah The Housing and Development Board (HDB) on Wednesday (12 August) launched 7,862 new flats for sale \u2013 its biggest Build-to-Order (BTO)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors\/","url_meta":{"origin":138882,"position":5},"title":"HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniors","date":"February 5, 2021","format":false,"excerpt":"\r HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniorsThe Kallang\/Whampoa and Toa Payoh projects are expected to be heavily oversubscribed, given their prime city fringe locations and\u00a0close proximity to MRT stations. Image: HDB In the first sales exercise of the year, the Housing and Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138882"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=138882"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/138883"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThis comes as the distinction between mature and non-mature estates have become blurred, with some projects within non-mature estate being more popular than those in mature estates.
\nUnder the new system,\u00a0BTO flats will be categorised as Standard, Plus, and Prime flats from the H2 2024, reported CNA.
\nFlats in \u201cchoicer locations\u201d, such as near town centres and MRT stations, will be placed under the Plus category. They will come with a longer\u00a0Minimum Occupation Period (MOP)\u00a0of 10 years, a clawback of subsidies and stricter resale conditions
\nSpeaking at the National Day Rally 2023, Prime Minister Lee Hsien Loong explained that tighter HDB resale conditions will help moderate resale prices and maintain a better social mix.
\nPrime BTO projects will be located in the central region, with the flats carrying the same conditions as those under the Prime Location Housing (PLH) model.
\nStandard flats, on the other hand, will have the same restrictions and subsidies presently applied to non-PLH BTO flats. These flats will continue to account for the bulk of the housing supply, said the Ministry of National Development (MND) and HDB.
\nOn this change, Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group commented, \u201cThe restrictions that come with the Prime and Plus BTO flats may not be popular among buyers. However, these restrictions would help slow down future price appreciation of the flats, which are much desired due to the location attributes. It also helps reduce the lottery effect.
\nBeyond affordability, these stipulations also facilitate community growth and deepen social ties within the district. A swift turnover of residents may inadvertently disrupt the community\u2019s fabric, necessitating inhabitants to continually rebuild social connections.
\nFurthermore, these measures reinforce the core ethos of public housing, emphasising their role as primary residences and curbing tendencies to view them as mid-term investment avenues.\u201d
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\n2. Singles can buy 2-room flexi flats across all locations from H2 2024
\nStarting from H2 2024, singles aged 35 and above will be allowed to apply for new 2-room Flexi BTO flats across all locations: Standard, Plus, and Prime flats.
\nIn the HDB resale market, singles will be allowed to purchase 2-room Prime Flexi flats and Plus or Standard resale flats of any size, reported TODAY.
\nThe change comes as more Singaporeans choose to be single and the government acknowledges their desire to own homes and be given more housing options.
\nCurrently, singles can only acquire BTO flats in non-mature estates and are not allowed to purchase any flats launched under the PLH model.
\n\u201cAs the housing market continues to evolve, we project a discernible uptick in application rates for residences within the Prime and Plus category. This surge can be attributed to the distinct preferences of single applicants, who largely favour the 2-room Flexi flats\u00a0in locations that are accessible to public transport nodes.
\nGiven the intrinsic attributes of the Prime and Plus categories, combined with the evolving needs of modern urban dwellers, it\u2019s plausible to anticipate a dominant trend of owner-occupation among these applicants,\u201d said Dr Lee Nai Jia.
\nRelated article:\u00a0HDB Single Scheme and Joint Singles Scheme: Guide to Buying HDB Flat As a Single in Singapore
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\n3. HDB flats to be more senior-friendly, with new features including foldable shower seats, wider toilet entrances
\nWith nearly one in four Singaporeans expected to be aged 65 and above by 2030, efforts will be made to enable seniors to enjoy their golden years in familiar environments, said\u00a0PM Lee.
\nHDB flats will become more senior-friendly, with the Enhancement for Active Seniors (EASE) programme upgraded to offer a wider array of options such as foldable shower seats and widened toilet entrances for wheelchair-bound seniors, reported CNA.
\nTo create a safer and more comfortable environment for seniors, streets and linkways will be revamped while rest points and shelters will be built.
\nPM Lee shared that more therapeutic gardens, exercise machines, fitness trails, and pedestrian-friendly roads will also be developed.
\nMore assisted living facilities will also be built to cater to those \u201cwho need a little more help\u201d, he said.
\nWith loneliness being one of the biggest threats facing seniors, the government will set up active ageing centres across the country to help seniors stay engaged and socially active.
\n\u201cSo we are taking major steps to prepare for a super-aged society,\u201d said PM Lee.
\n\u201cTogether, we will make Singapore an endearing home for all ages, where seniors can age with dignity and grace, connected with friends and family,\u201d he added.
\nRelated article: HDB Flats for Seniors: Community Care Apartments Vs 2-room Vs 3-room Flats
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\n4. New BTO framework to have a smaller impact on the HDB resale market
\nAnalysts believe HDB\u2019s new BTO framework could divert demand to existing flats and shrink the pool of upgraders to private housing, reported The Business Times.
\nUnder the new framework, Plus flats will be introduced in desirable locations near town centres and transport nodes. These flats will come with more subsidies and tighter resale conditions, such as a 10-year\u00a0MOP.
\nDr Lee Nai Jia explained, \u201cIn the near term, macroeconomic factors will continue to be the primary drivers of the resale market. Despite recent announcements, it\u2019s anticipated that there will be minimal impact on demand. This is because a significant proportion of property seekers are propelled by immediate requirements.
\nHe said, however, that \u201cFast forwarding two decades, potential supply constraints in Prime and Plus locales within the resale market might emerge as a point of concern. Additionally, the owners of Prime and Plus flats may pass the burden of the clawback to the subsequent buyers.\u201d
\nNevertheless, \u201cIt\u2019s logical to assume that the majority of flats will fall under the \u2018Standard\u2019 category. Given that only a limited number of locations can qualify as \u2018Prime\u2019 or \u2018Plus\u2019, buyers should still have access to affordable options in the resale sector.\u201d
\nRelated article:\u00a0Why I Bought an HDB Resale Flat When Prices Are at a Record-High in 2022
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\n5. More state-owned buildings to be converted into co-living spaces
\nMore state-owned buildings will be used as co-living spaces, with the awarding of a tender for a heritage shophouse at Hindoo Road being the first of many such buildings to be launched in the next few months.
\nThe move is aimed at meeting the rising demand for such housing as well as addressing the evolving lifestyle trends and consumer demand.
\nThe Singapore Land Authority (SLA) revealed that it has awarded the tender for the two-storey building at 79 to 95 Hindoo Road to construction firm Eco Energy.
\nThe firm\u2019s winning proposal, which was jointly developed with co-living operator Cove Living, will see the building rebranded into \u201c1925 Quarters\u201d \u2013 a nod to the property\u2019s history \u201cas the quarters for the junior Asian staff of the Municipality of Singapore\u201d.
\nMeanwhile, a state-owned building at 26 Evans Road, near the Botanic Gardens, was also put up for tender. Much like the Hindoo Road property, the tender offers an upfront tenure of five years, which can be renewed for another four years.
\nRelated article:\u00a03 Best Co-living Spaces in Singapore to Consider
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\n6. 105 properties linked to suspects in money laundering investigation
\nSingapore police have arrested 10 foreign nationals during a $1 billion (US$736 million) money laundering investigation, which saw 105 properties issued with the prohibition of disposal orders, up from 94 initially, reported CNA.
\nWith a total value of about $831 million, the properties included 79 condominium units, 19 commercial spaces and seven detached bungalows in Sentosa Cove.
\nOf the 79 condominium units, 19 were still under construction.
\n\u201cThese properties are owned by the persons under investigation (who either had been arrested or are wanted by the Police), their spouses, or companies that are linked to these persons under investigation or their spouses,\u201d said the police.
\nNotably, the Good Class Bungalows (GCB) where the suspects were caught were not part of the prohibition of disposal orders since such properties did not belong to them.
\nAssets worth $1 billion (US$736 million), including properties, cars, bank accounts, goods and cash were seized or frozen in connection to the probe.
\nThe suspects \u2013 comprising nine men and one woman aged 31 to 44 \u2013 were citizens of Turkiye, China, Cyprus and Ni-Vanuatu. All of them held Employment and Dependant Passes.
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\n7. HDB to relocate 170 rental households at Spooner Road
\nHDB will relocate about 170 rental households at Blocks 1 and 2 Spooner Road by end-September 2024 as part of estate renewal plans.
\nFeaturing a mix of 1-room to 3-room flats, the two eight-storey blocks were built in 1983 and were previously owned by the Malayan Railway Administration, which is now known as KTM, reported The Straits Times.
\nThey were converted to HDB rental flats in 2012.
\nRetired carpenter Francis Finian De Souza, one of the tenants, is saddened by the prospect of moving out given that he and his three housemates are living harmoniously.
\n\u201cBut this is a rental flat so if we\u2019re asked to move, we don\u2019t complain. As long as we have a next place to live in, it\u2019s okay,\u201d said De Souza.
\nHDB said tenants affected by the relocation will be offered options like moving to another flat or buying a new flat if they are able to. They will also receive rehousing benefits covering moving costs, regardless of their choice.
\nIn fact, a care team has been formed comprising social service agencies, grassroots leaders and community partners to help tenants during the transition.
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\n8. Urban Redevelopment Authority (URA) launches Clementi Avenue 1, Pine Grove sites
\nTwo government land sites in Clementi Avenue 1 and Pine Grove, which could potentially yield a total of 1,065 housing units, have been put up for sale via public tender.
\nWith a leasehold tenure of 99 years, the two sites are part of the 5,160 housing units to be made available through the Confirmed List of the H2 2023 Government Land Sales (GLS) programme, said the URA.
\nThe Clementi Avenue 1 site spans 13,451 sq m and has a maximum gross floor area (GFA) of 47,079 sq m. The site in Pine Grove (Parcel B), on the other hand, has an area of 25,039 sq m and a GFA of 52,583 sq m.
\nThe tender for the sites will close on 7 November 2023.
\nOrangeTee expects the site in Clementi Avenue 1 to attract four to seven bidders, with the highest bid at about $1,100 to $1,200 per sq ft per plot ratio (PSF ppr).
\nFor the Pine Grove site, it sees three to five bidders, with the top bid ranging between $1,150 and $1,250\u00a0PSF ppr.
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\n9. Works at the new Pasir Panjang bus depot to start next year
\nConstruction works for a new bus depot in Pasir Panjang are expected to commence in 2024, with completion set in 2029, reported The Straits Times citing the Land Transport Authority (LTA).
\nLocated on the former site of Pasir Panjang Distripark in Harbour Drive, the new depot \u2013 which can accommodate 550 buses \u2013 will comprise a seven-storey main building, ancillary buildings and multi-storey quarters for transport workers.
\nThe main building will house facilities for daily bus operations, maintenance, repair, parking and chargers for electric buses. Its roof will also be fitted with a solar photovoltaic panel system.
\nLTA said the depot is expected to support buses that are operating within Singapore\u2019s southern region.
\nThe authority recently called a tender for the construction of a depot on the Pasir Panjang site, which had been left vacant since 2017.
\nThe area was identified in 2021 as a possible temporary distribution site for the food supply chain.
\nOnce completed, the new depot will be turned over to the relevant public transport operator for outfitting and preparatory work, said LTA.
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\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nMarcus Lee, Content Executive at PropertyGuru, edited this story. To contact him about this story, email: marcuslee@propertyguru.com.sg.
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\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats Across Singapore, and More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"