Debated in Parliament on 4 Oct 2023.
Mr Chua Kheng Wee Louis asked the Minister for National Development what is the projected number and proportion of HDB BTO units that will be launched under the Standard, Plus and Prime flat classifications in the next (i) five years, (ii) 10 years and (iii) 20 years.
The Housing and Development Board (HDB) is committed to ensuring a steady supply of new flats to meet the housing needs of Singaporeans. As Singapore develops, we will increasingly have to build within or near to existing estates and in more central areas. We remain committed to keeping home ownership affordable, maintaining a good social mix in every town and region and ensuring that our public housing system remains fair.
A new Build-To-Order (BTO) classification – Standard, Plus and Prime – will be introduced in the second half of 2024. Standard flats will be offered across Singapore and will come with standard HDB subsidies and restrictions. Plus flats are in choicer locations within each region and will come with more subsidies, but tighter restrictions than Standard flats. Prime flats are in the choicest locations and will come with the most subsidies, but also the tightest restrictions.
There will be more projects with good locational attributes, which may be categorised as Prime and Plus. Nevertheless, Standard flats will continue to form the majority of flats offered. HDB will announce the classification of the flats on offer at each sales launch.
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