A Simplified Guide To Standard, Prime, And Plus HDB Flats
Singapore's public housing landscape is diverse, offering a range of HDB flat options to cater to the varied needs and preferences of residents. Recently, the Housing and Development Board has categorised flats into 3 classifications: Standard, Plus, and Prime, which will replace “Mature” and “Non-Mature” by mid-2024.
As we understand that some prospective homeowners may be confused over these new terms, we will delve into the distinct features, eligibility criteria, and considerations associated with each HDB flat type.
Standard
Standard flats are the foundational residential units offered by HDB, and resemble the typical BTO flats familiar to many. They come complete with standard subsidies and restrictions applicable to all BTO flats, and entail a 5-year Minimum Occupation Period (MOP). Standard flats can be found across the majority of locations.
Plus
Plus flats, introduced to meet the evolving preferences of today’s homeowners, are an upgrade from the standard offerings. These flats will be situated in more in-demand neighbourhoods, such as Clementi, Queenstown, and Toa Payoh, and are typically within walking distance from MRT stations, town centres, and other amenities.
Due to their desirable locations, Plus flats will come at a higher price and stricter sale conditions. For instance, instead of 5-year, these flats have a 10-year Minimum Occupation Period (MOP), and only Singaporeans are eligible to purchase them in the resale market. What’s more, the income ceiling for resale buyers is raised to $14,000, including singles.
Prime
Prime flats represent the pinnacle of HDB living, offering a premium housing experience compared to the rest. As its name suggests, Prime flats are located in prime central locations, namely the Greater Southern Waterfront area and towns in and surrounding the city centre, such as Kallang-Whampoa, Rochor, and Bukit Merah. In some estates like Queenstown and Bukit Merah, you’ll find a mix of Plus and Prime flats.
It should come as no surprise that Prime flats have the tightest sale conditions and highest Sales Recovery (only applicable for the first owner). Similar to Plus flats, Prime flats require a 10-year Minimum Occupation Period (MOP) and a $14,000 income ceiling for resale buyers. However, the income ceiling is lowered to $7,000 for singles.
Conclusion
As you can see, each category offers unique features catering to different preferences and needs. Whether one opts for the standard offering, desires the added benefits of Prime flats, or seeks the premium experience of Plus flats, these housing options provide diverse options to accommodate the varied lifestyles and priorities of residents in Singapore.
Here at NeezaNizam, the leading housing agent in Singapore, we are committed to helping both first-time buyers and current homeowners with their real estate needs. Whether you’re looking to purchase either of these new HDB flats or upgrade from HDB to EC, we’ve got you covered.
Simply chat with us here to book an appointment or enquire about our wide range of services.
