Singapore's HDB releases 8,573 BTO homes with tiered pricing, including a resale clawback for Plus and Prime flats.
Singapore's Housing and Development Board (HDB) has introduced 8,573 Build-To-Order (BTO) homes, categorizing them into Standard, Plus, and Prime based on location and amenities. Plus and Prime flats receive extra subsidies but include a clawback clause of 6-9% of resale prices to mitigate the "lottery effect." These flats also have stricter resale conditions, requiring a 10-year minimum occupation period and a household income ceiling of $14,000 for future buyers.
October 16, 2024
9 Articles