Resale Rules for HDB Plus Flats Include S$14,000 Income Ceiling, 30-Month Wait for Private Home Owners

CNA2023-08-22

Buyers of resale Housing Board Plus flats will be limited to Singaporeans with a household income ceiling of S$14,000. If they are private home owners, there will be a 30-month waiting period before ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2361575347?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-22 10:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2361575347","market":"sg","top_or_hot":-1,"title":"Resale Rules for HDB Plus Flats Include S$14,000 Income Ceiling, 30-Month Wait for Private Home Owners","media":"CNA","content":"<div>\n<p>Buyers of resale Housing Board Plus flats will be limited to Singaporeans with a household income ceiling of S$14,000. If they are private home owners, there will be a 30-month waiting period before ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/hdb-plus-flats-resale-rules-income-ceiling-30-month-wait-private-home-owners-3713366\">Source Link</a>\n\n</div>\n","source":"can_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Resale Rules for HDB Plus Flats Include S$14,000 Income Ceiling, 30-Month Wait for Private Home Owners</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nResale Rules for HDB Plus Flats Include S$14,000 Income Ceiling, 30-Month Wait for Private Home Owners\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-22 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/singapore/hdb-plus-flats-resale-rules-income-ceiling-30-month-wait-private-home-owners-3713366><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buyers of resale Housing Board Plus flats will be limited to Singaporeans with a household income ceiling of S$14,000. If they are private home owners, there will be a 30-month waiting period before ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/hdb-plus-flats-resale-rules-income-ceiling-30-month-wait-private-home-owners-3713366\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.channelnewsasia.com/singapore/hdb-plus-flats-resale-rules-income-ceiling-30-month-wait-private-home-owners-3713366","article_id":"2361575347","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2361575347","pubTimestamp":1692670645,"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"Owners of Plus flats, which have a 10-year minimum occupation period, will not be allowed to rent out their entire flat at any time.","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"HDB Plus公寓的转售规则包括14,000新元的收入上限，私人住宅业主需要等待30个月","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":1},"content_text":"Buyers of resale Housing Board Plus flats will be limited to Singaporeans with a household income ceiling of S$14,000. If they are private home owners, there will be a 30-month waiting period before they are allowed to buy these flats.These resale restrictions were announced by Minister for National Development Desmond Lee on Monday (Aug 21), a day after Prime Minister Lee Hsien Loong introduced Plus as a new category of flats during his National Day Rally speech.Build-to-Order (BTO) projects will fall under three categories - Standard, Plus and Prime - from the second half of 2024. This replaces the mature and non-mature framework that has been around since the early 1990s.Plus flats will be in choicer locations such as near transport nodes or town centres.They will come with more subsidies but also tighter resale conditions such as a minimum occupation period of 10 years before they can be put on the resale market.Announcing more details at a post-National Day Rally conversation on Monday, the National Development Minister said that similar to the rules for Prime flats, owners of Plus flats will be subject to a subsidy recovery at the point of first resale.\"Because the Plus flats will enjoy lower subsidies than Prime flats, their subsidy recovery rate will also generally be lower,\" he added.Owners of Plus flats will also not be allowed to rent out their entire flat at any time.\"This is to ensure owner occupation for such flats and deter those who intend to 'flip' the flats for quick gains or rent them out for long-term yields,\" Mr Lee said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2361575347"}