SINGAPORE — The Housing Board will launch up to 14,000 two-room flexi Build-To-Order flats over the next three years to meet demand from singles and the elderly, said National Development Minister Desmond Lee.Mr Lee was responding to Mr Xie Yao Quan , who asked whether more two-room flats will be offered in future Plus and Prime BTO projects.
Four MPs had filed questions on the reclassification of HDB flats, in which BTO flats in choicer locations will fall under the Prime and Plus categories that come with stricter resale conditions such as a 10-year minimum occupation period and a subsidy clawback. He noted that most Singaporean households stay in their HDB flats for 10 years or more before selling it.
Instead, the Government will provide additional subsidies on top of the significant market discounts already provided for Standard flats, to make Plus and Prime flats more affordable to a wider range of incomes, he said. Noting that Prime and Plus flats will only come onto the resale market in about 15 years' time, Mr Lee said the tighter restrictions could moderate resale prices in the longer term.
Source: Real Estate Daily Report (realestatedailyreport.net)
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