There will be a new 'Plus' category of flats for BTO projects in locations deemed to be attractive. Read more at straitstimes.com.
SINGAPORE - A new classification framework for public housing is needed to ensure homes here remain affordable, there is a good social mix in towns, and the system is fair for all, said Prime Minister Lee Hsien Loong on Sunday.
To resolve this, there will be a new Plus category for Build-To-Order projects in locations deemed to be attractive, such as those close to MRT stations and town centres, PM Lee announced. The issue now is that the distinction between these two categories is blurring, with the non-mature estates of today becoming much more developed than in the past, PM Lee said.
Tengah, which was the first HDB town to be developed since Punggol more than two decades ago, will be the last new town here for some time - at least until Paya Lebar Air Base moves out to Changi and the site is cleared and redeveloped. This is also the case for projects in choicer locations within a region, such as those near an MRT station or town centre.
On the other hand, if HDB prices such projects lower to make them more affordable and get a better social mix, this would exacerbate the lottery effect and even more families would try for these flats. There are 372 five-room and three-generation flats in the project, and more than 6,500 households had applied for them, which translated to 17 applicants for each flat.
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