In total, HDB will offer 8,573 flats across 15 projects in the upcoming Build-to-Order (BTO) sales exercise.
The Plus projects – defined as flats sited in “choicer locations with good connectivity and/or unique features” – will comprise 3,273 units in four towns, namely Kallang/Whampoa, Ang Mo Kio, Bedok and Geylang, announced the Housing and Development Board on Wednesday .
Another seven BTO projects are Standard flats located in five towns, namely Bukit Batok, Jurong West, Pasir Ris, Sengkang and Woodlands.4,988 Standard flats – ranging from 2-room flexi to 3Gen flats – will be launched, accounting for more than half of the supply of new flats in the upcoming BTO sales exercise.
HDB said the new classification will also mean that there will be projects with “different classifications within the same town, due to variations in locational attractiveness”. “As you can see, there are variations in locational attractiveness even within the same town ... and we should therefore expect different projects to have different classifications,” the minister said.HDB said this is similar to how projects under the Prime Location Public Housing model and normal BTO projects have been launched in some mature estates like Queenstown and Kallang/Whampoa in recent years."exclusive neighbourhoods that only the well-to-do can enjoy in private housing".
Authorities have said that the new HDB classification framework is done to ensure home ownership is made affordable to all income groups, maintain a good social mix in every town and region, as well as keep the system fair for everyone. “These restrictions are intended to reinforce the concept of owner-occupation in public housing. They seek to reduce the investment value of a BTO flat and thereby, limit speculative gains or what we call the lottery effect,” Mr Lee said.
HDB Housing And Development Board Housing Desmond Lee
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