The Business Times Podcasts S1E35: Should BTO applicants buy HDB Plus and Prime flats? PropertyBT
There’s a new framework in town for HDB projects. Starting in October, new BTO flats will either be Standard, Plus or Prime.
New Plus and Prime flats will be in attractive locations and have higher subsidies, but they also come with tighter resale conditions, including a ten-year minimum occupation period, and a ban on rentals.
What does this mean for BTO buyers? Are the new Plus and Prime flats worth the additional restrictions? Will it be tough to upgrade from a BTO Plus or Prime home to a condo unit?
Senior correspondent Leslie Yee gets insights from PropertyGuru’s Dr Lee Nai Jia.
Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts.
Highlights of the podcast:
01:33 Clawback of resale proceeds
03:04 Ten-year minimum occupation period
09:28 Condo upgrading
12:45 Million dollar resale flats
14:30 Older flats in choice locations with lighter restrictions
Read Leslie’s article:
Written and hosted by: Leslie Yee (lyee@sph.com.sg)
With Dr Lee Nai Jia, head of real estate intelligence, data and software solutions, PropertyGuru Group.
Edited by: Emily Liu & Claressa Monteiro
Produced by: Leslie Yee & Emily Liu
Engineered by: Joann Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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