Prime Minister Lee Hsien Loong announced several new housing policies during National Day Rally 2023. The most significant change pertains to the review of the estate classification of new Build-To-Order (BTO) flats.
From the second half of 2024, new flats will be categorised as Standard, Plus or Prime. Plus and Prime units will be in choicer locations but bounded by stricter resale conditions and a longer MOP (minimum occupation period) of 10 years. All other flats are Standard, with a five-year MOP and standard restrictions.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
