What Everyone Should Know About HDB Standard, Plus, Prime Housing

The Singapore govt JUST created a new classification scheme that will change the subsidies and regulations for HDB flats. Here is what Everyone Should Know About HDB Standard, Plus, Prime Housing.
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There are 3 primary goals
- Keep home ownership affordable for all income groups
- Maintain a good social mix in every town and region
- Keep the public housing system fair for everyone
But this comes at a cost! So why this new classification?
1) The previous matured & non-matured system is irrelevant
2) Properties are getting unaffordable in ‘central locations so there isn’t a good social mix anymore.
With Sky high prices people are forced to the outskirts of Singapore - Tengah BTO project map zoom in effect
To give you an idea of how expensive it is
For a 700k BTO, to get the full 80% loan you need around $9k in combined income, and $200k in cash & CPF to get the 5-room flat.
What’s the solution? Introducing the Standard, Plus, Prime housing
The better the flat, the more subsidies & restrictions you get. The idea is that now everyone has more choices but with more restrictions. This is the cost of making subsidized homes affordable and fair.
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[@albertchoong7834]

Hdb is no more an investment but a place to stay at affordable price as compared to pte

[@tancolvis5240]

per block build what the actual cost and per unit cost few 100k ? hello per unit cost per build is below 50k as it pre fab not bricks

[@GeraldOng]

Thanks for your input! Does this include labor costs and stamp duties for developer? Usually developers margins aren’t that high, else their financial statements would show the results of the fat margins I believe.

[@tancolvis5240]

don't be,so happy it just fancy added named it still unaffordable with 25yr loan