He will outline how public housing schemes will be adjusted to ensure flats remain affordable. Read more at straitstimes.com.
PLH model was developed after an almost year-long engagement with the public
It is meant to curb the “lottery effect” for owners, through stricter buying and selling conditions such as a 10-year minimum occupation period, up from the standard five-year period, and restrictions on the pool of resale buyers. Twelve BTO projects have come under the PLH model since the first was launched in Rochor in November 2021.First-time-owner families with Singaporean children aged 18 and below as well as married couples aged 40 and below will get more support when they apply for a new HDB flat, starting from the BTO sales exercise around end-September or early October 2023.
In addition, those under the new category will get first priority when applying for four-room or smaller BTO flats in non-mature estates.
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