HDB changes rightly emphasise homes are for living, but don’t snuff out wealth creation
Add BT as a preferred source
SINGAPORE’S public housing is the envy of many countries. Around nine in 10 Singaporeans are homeowners, and about eight in 10 Singaporeans live in Housing and Development Board (HDB) homes.
Constant refinements to the public housing model over the years have helped the HDB meet changing aspirations. At this year’s National Day Rally, Prime Minister Lee Hsien Loong unveiled a new public housing framework to keep homeownership affordable for all income groups, maintain a good social mix in every town and region, and keep the system fair for all.
Starting in the second half of 2024, HDB will classify build-to-order (BTO) projects as Standard, Plus or Prime, according to locational attributes. HDB will do away with its current classification by mature and non-mature estates.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
