on Sunday , will replace the decades-old labels of mature and non-mature estates., with different resale conditions attached to each housing type. The categories will not apply to existing flats or flat owners, or to flats that have already been booked.how the upcoming changesThey have been looking for a resale flat for the past three months, and are hoping to get a place that is more central, near their workplaces and close to their parents. Their budget is below S$1 million.
The new Plus flats will be in choicer locations within each region, such as near MRT stations and town centres.For sellers of resale flats in such locations, they may “face the pressures of not being able to command a higher price,” Prof Sing added. “However, I suspect that there will not be a major impact on the resale market or resale prices right now,” she added.
Source: Real Estate Daily Report (realestatedailyreport.net)
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