Policy before and after · Eligibility change

Event

Singapore introduces the Standard, Plus and Prime flat classification for new BTO flats, with a 10-year MOP and subsidy recovery for Plus and Prime

Announced 20 August 2023 · Effective 16 October 2024

Read the full event record Compare with another policy Create research brief View HDB minimum occupation period policy evolution View HDB subsidy recovery policy evolution View HDB resale income ceiling policy evolution

Comparison window

Comparison anchored to effective date: 16 October 2024. Before: 18 July 2024 to 15 October 2024. After: 16 October 2024 to 13 January 2025. The same 90 days on each side; the anchor day counts as after.

Before · 18 Jul 2024 to 15 Oct 2024

6 land-sales awards

18 land-sales steps in all
1 other archive event

The event

Announced 20 Aug 2023

Effective 16 Oct 2024

The effective date is the anchor.

After · 16 Oct 2024 to 13 Jan 2025

2 land-sales awards

15 land-sales steps in all
All 90 days observable

What this comparison can and cannot show

Generated from this window's records

Recorded

13 policy parameters recorded with a before and an after value on this event.
6 land-sales awards in the 90 days before the effective date, and 2 in the 90 observable days after.
None of the 1 tracked series has a whole period on both sides of a 90-day window, so no market figure is compared.

Cannot be concluded

That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.

About this eventIssuing authority, category, affected market, primary source, summary

Announced: 20 August 2023
Effective: 16 October 2024
Issuing authority: Prime Minister's Office Singapore, Ministry of National Development, Housing & Development Board
Category: Eligibility change
Affected market: New BTO flats launched by HDB from the October 2024 BTO exercise onwards, each classified Standard, Plus or Prime at launch, their first owners and later resale buyers, and first-timer singles buying new 2-room Flexi flats or resale flats by class. Existing flats, flats launched before the October 2024 exercise including those launched under the Prime Location Public Housing model, and Executive Condominiums are outside it.
Primary source: New Plus housing model with more subsidies for more affordable BTO flats in attractive locations

Announced at the National Day Rally on 20 August 2023 and applied by HDB from the October 2024 BTO exercise, which opened on 16 October 2024, new BTO projects are classified Standard, Plus or Prime by location. Flats launched before that exercise, PLH flats among them, carry no class and are not reclassified. Plus and Prime flats carry extra subsidy, a 10-year minimum occupation period against five years for Standard, subsidy recovery when first sold, and no whole-flat rental even after the MOP; their resale buyers face an income ceiling. The first exercise set recovery at 6% to 9% across seven Plus projects and one Prime project. First-timer singles may apply for 2-room Flexi flats in all three classes, where they had been limited to non-mature estates.

In brief

6 GLS site awards were recorded in the before window and 2 in the after window.

What changed

Policy parameter	Before	After	Change
HDB_MOP · standard	Unknown	5 years	Not stated
HDB_MOP · plus	Unknown	10 years	Not stated
HDB_MOP · prime	Unknown	10 years	Not stated
HDB_SUBSIDY_RECOVERY · central trio amk, plus	Unknown	6%	Not stated
HDB_SUBSIDY_RECOVERY · kembangan wave, plus	Unknown	6%	Not stated
HDB_SUBSIDY_RECOVERY · bayshore vista, plus	Unknown	7%	Not stated
HDB_SUBSIDY_RECOVERY · bayshore palms, plus	Unknown	7%	Not stated
HDB_SUBSIDY_RECOVERY · merpati alcove, plus	Unknown	8%	Not stated

View all 13 parameters

HDB_SUBSIDY_RECOVERY · kallang view, plus	Unknown	8%	Not stated
HDB_SUBSIDY_RECOVERY · towner breeze, plus	Unknown	8%	Not stated
HDB_SUBSIDY_RECOVERY · crawford heights, prime	Unknown	9%	Not stated
HDB_RESALE_INCOME_CEILING · plus	Unknown	14,000 SGD	Not stated
HDB_RESALE_INCOME_CEILING · prime	Unknown	14,000 SGD	Not stated

Where these values come from

Source: Recorded on this event's policy matrix in Prevo's archive. The event's primary source: New Plus housing model with more subsidies for more affordable BTO flats in attractive locations.
Primary source published: 20 August 2023
Validity: In force from the event's effective date, 16 October 2024. The row records no date of its own; the date is the event's.
Basis: Archive record. The matrix row carries no source reference of its own; the event's sources are listed below.

Observed around this event

View linked outcomes

The same statistic over the 90 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.

HDB Resale Price Index

index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance

Source: Housing & Development Board
Series kind: INDEX
Basis: Observation periods wholly inside each window, values as originally recorded.
Origin: Source fact (latest whole period)
Shown because: Mapped to this kind of event

Concurrent planning and land activity

Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.

Before the effective date

19 lines

18 land-sales steps (6 awards) · 1 archive event

From the effective date

15 lines

15 land-sales steps (2 awards) · 0 archive events

Explore concurrent events

Before (19)

18 July 2024 · Land sales
Canberra Crescent: Tender closed
Residential · status on 18 July 2024: Tender closed, award pending
18 July 2024 · Land sales
De Souza Avenue: Tender closed
Residential · status on 18 July 2024: Tender closed, award pending
18 July 2024 · Land sales
Zion Road (Parcel B): Tender closed
Residential · status on 18 July 2024: Tender closed, award pending
1 August 2024 · Land sales
Margaret Drive: Tender closed
Residential · status on 1 August 2024: Tender closed, award pending
1 August 2024 · Land sales
Jalan Loyang Besar: Tender closed
Executive Condominium housing · status on 1 August 2024: Tender closed, award pending
7 August 2024 · Land sales
Canberra Crescent: Awarded
Residential · status on 7 August 2024: Awarded · awarded to Peak Nature Pte Ltd and Huatland Development Pte. Ltd. at S$279,000,800
7 August 2024 · Land sales
De Souza Avenue: Awarded
Residential · status on 7 August 2024: Awarded · awarded to SL Capital (8) Pte Ltd at S$278,900,000
7 August 2024 · Land sales
Zion Road (Parcel B): Awarded
Residential · status on 7 August 2024: Awarded · awarded to Valerian Residential Pte. Ltd. at S$730,088,888
7 August 2024 · Land sales
Margaret Drive: Awarded
Residential · status on 7 August 2024: Awarded · awarded to Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. at S$497,000,000
16 August 2024 · Land sales
Jalan Loyang Besar: Awarded
Executive Condominium housing · status on 16 August 2024: Awarded · awarded to CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd. at S$557,000,000
19 August 2024 · Archive event
Singapore lowers the HDB housing-loan LTV limit from 80% to 75%
Announced 19 August 2024
22 August 2024 · Land sales
Tampines Street 95: Launched for tender, moved from the Reserve List to the Confirmed List
Executive Condominium housing · status on 22 August 2024: Tender open
12 September 2024 · Land sales
Faber Walk: Launched for tender
Residential · status on 12 September 2024: Tender open
13 September 2024 · Land sales
Jurong Lake District Master Developer site: Not awarded, moved to the Reserve List
White site · status on 13 September 2024: Tender not awarded
19 September 2024 · Land sales
Media Circle (long-stay serviced apartments): Tender closed
Residential for long-stay serviced apartments only, with commercial at 1st storey · status on 19 September 2024: Tender closed, award pending
19 September 2024 · Land sales
Tampines Street 94: Tender closed
Mixed commercial and residential · status on 19 September 2024: Tender closed, award pending
26 September 2024 · Land sales
Chencharu Close: Launched for tender, Confirmed List
Mixed commercial and residential, integrated with a bus interchange and a hawker centre · status on 26 September 2024: Tender open
3 October 2024 · Land sales
Media Circle (long-stay serviced apartments): Not awarded
Residential for long-stay serviced apartments only, with commercial at 1st storey · status on 3 October 2024: Tender not awarded
10 October 2024 · Land sales
Tampines Street 94: Awarded
Mixed commercial and residential · status on 10 October 2024: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. at S$668,280,000

After (15)

17 October 2024 · Land sales
Lentor Gardens (20,640.8 sqm parcel): Launched for tender, Confirmed List
Residential · status on 17 October 2024: Tender open
17 October 2024 · Land sales
River Valley Green (Parcel B): Launched for tender, Confirmed List
Residential with commercial at 1st storey, including long-stay serviced apartments · status on 17 October 2024: Tender open
17 October 2024 · Land sales
Marina Gardens Lane (6,007.4 sqm parcel): Released on the Reserve List
Residential with commercial at 1st storey · status on 17 October 2024: On the Reserve List
17 October 2024 · Land sales
Woodlands Drive 17 (EC): Released on the Reserve List
Executive Condominium · status on 17 October 2024: On the Reserve List
24 October 2024 · Land sales
Tampines Street 95: Tender closed
Executive Condominium housing · status on 24 October 2024: Tender closed, award pending
8 November 2024 · Land sales
Tampines Street 95: Awarded
Executive Condominium housing · status on 8 November 2024: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$465,000,000
19 November 2024 · Land sales
Faber Walk: Tender closed
Residential · status on 19 November 2024: Tender closed, award pending
26 November 2024 · Land sales
Media Circle (Parcel A): Launched for tender, Confirmed List
Residential with commercial at 1st storey · status on 26 November 2024: Tender open
26 November 2024 · Land sales
Media Circle (Parcel B): Launched for tender, Confirmed List
Residential with commercial at 1st storey · status on 26 November 2024: Tender open
26 November 2024 · Land sales
Bayshore Road: Launched for tender, Confirmed List
Residential · status on 26 November 2024: Tender open
26 November 2024 · Land sales
Faber Walk: Awarded
Residential · status on 26 November 2024: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$349,857,988
3 December 2024 · Land sales
Holland Link: Launched for tender, Confirmed List
Residential · status on 3 December 2024: Tender open
3 December 2024 · Land sales
Holland Plain: Released on the Reserve List
Residential · status on 3 December 2024: On the Reserve List
3 December 2024 · Land sales
Chuan Grove: Launched for tender, Confirmed List
Residential · status on 3 December 2024: Tender open
3 December 2024 · Land sales
River Valley Green (Parcel C): Released on the Reserve List
Residential · status on 3 December 2024: On the Reserve List

Recorded relationships

Methodology5 rules

Comparison anchored to effective date: 16 October 2024. The anchor is the effective date where one is recorded, otherwise the announcement date.
The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.

Sources

The event's sources (6)

Primary sources6

New Plus housing model with more subsidies for more affordable BTO flats in attractive locations
Ministry of National Development · Primary source · Published 20 August 2023
Open original source
National Day Rally 2023
Prime Minister's Office Singapore · Primary source · Published 20 August 2023
Open original source
Oral Answer by Ministry of National Development on the New Classification Framework for BTO Flats
Ministry of National Development · Primary source · Published 18 September 2023
Open original source
Standard, Plus, and Prime Housing Models
Housing & Development Board · Primary source · Published 19 September 2024
Open original source
HDB Launches Record Number of Projects in October 2024 BTO Exercise under New Flat Classification Framework
Housing & Development Board · Primary source · Published 16 October 2024
Open original source
Speech by Minister Desmond Lee at the PA-MND Kopi Talk on New Flat Classification Framework
Ministry of National Development · Primary source · Publication date not recorded
Open original source

Event checked against its primary sources on 27 September 2026. Each claim keeps its own verification status.

Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.