Tough restrictions aside, HDB Plus and Prime BTO flats are good buys
Such homes are attractive for living and investing, and they keep the system fair for all
MANY Singaporeans have built wealth from buying new Housing and Development Board (HDB) flats at subsidised prices. Will this proven wealth creation method still work if one purchases a flat with tighter restrictions under the new HDB framework?
New HDB Build-To-Order (BTO) projects starting with the October BTO exercise – where HDB will offer 8,573 flats across 15 projects – sees flats classified as Prime, Plus or Standard. In this exercise, there are 4,988 Standard flats in seven projects, 3,273 Plus flats in seven projects and 312 Prime flats in one project.
Prime flats will be in the choicest locations. Plus flats will be in choicer locations such as being near good transport connectivity and amenities.
Copyright SPH Media. All rights reserved.
