Should BTO applicants buy HDB Plus and Prime flats? PropertyBT

There’s a new framework in town for HDB projects. Starting in October, new BTO flats will either be Standard, Plus or Prime. New Plus and Prime flats will be in attractive locations and have higher subsidies, but they also come with tighter resale conditions, including a ten-year minimum occupation period, and a ban on rentals. What does this mean for BTO buyers? Are the new Plus and Prime flats worth the additional restrictions? Will it be tough to upgrade from a BTO Plus or Prime home to a condo unit? Senior correspondent Leslie Yee gets insights from PropertyGuru’s Dr Lee Nai Jia. Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Highlights of the podcast: 01:33 Clawback of resale proceeds 03:04 Ten-year minimum occupation period 09:28 Condo upgrading 12:45 Million dollar resale flats 14:30 Older flats in choice locations with lighter restrictions Read Leslie’s article: HDB should push on with tough task of addressing affordability while serving groups with widely varying buying power Written and hosted by: Leslie Yee ([email protected]) With Dr Lee Nai Jia, head of real estate intelligence, data and software solutions, PropertyGuru Group. Edited by: Emily Liu & Claressa Monteiro Produced by: Leslie Yee & Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow PropertyBT and rate us on: Channel: bt.sg/btpropertybt Amazon: bt.sg/pbam Apple Podcasts: bt.sg/pbAP Spotify: bt.sg/pbSP YouTube Music: bt.sg/pbyt Website: bt.sg/propertybt Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt  WealthBT at: bt.sg/btwealthbt  BT Money Hacks at: bt.sg/btmoneyhacks BT Podcasts at: bt.sg/podcasts BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.