August 21, 2023

Tighter restrictions for new class of BTO flats to reduce ‘lottery effect’, keep lid on resale prices

New Classification of Flats Beginning next year, new regulations will affect purchasers of new flats from the Housing and Development Board (HDB) in popular locations, under a newly devised framework aimed at maintaining affordability and limiting the resale values of public dwellings.HDB will abolish the current classification of estates into mature and non-mature categories. Instead of that, the...

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