Prime BTO (Prime Build-to-Order)

The Prime Location Public Housing (PLH) model is a new public housing model that aims to keep HDB flats in prime, central locations like the city centre and the Greater Southern Waterfront will remain affordable and accessible for Singaporeans.

^[1] 2-room Flexi flats with short leases and Community Care Apartments cannot be rented out (whether partially or fully) or sold on the open market.

When selling or transferring a Plus or Prime flat purchased from HDB^, a portion of the resale price* must be returned to HDB. This percentage reflects the amount of additional subsidy provided for the flat, ensuring equitable distribution of subsidies across all buyers. The exact percentage will be announced when Plus or Prime projects are made available for sale.

If you buy a resale Plus or Prime flat on the open market, the subsidy recovery does not apply when you sell the flat. However, other restrictions, such as the 10-year MOP, prohibition of whole flat rental, and eligibility of your flat buyers, will apply.

^ Does not apply to 2-room Flexi flats with short leases and Community Care Apartments.

• If HDB determines that a valuation is necessary, the subsidy recovery will be calculated as a percentage of either the valuation or resale price, whichever is higher.

New PLH flats are priced with additional subsidies, on top of the substantial subsidies already provided for BTO flats today. These additional subsidies keep PLH flat prices affordable for a wide range of Singaporeans. When PLH flat owners sell their homes, they will pay to HDB a percentage of the resale price of the flat, commensurate with the extent of the additional subsidy provided. This is to be fair to other BTO flat owners who do not receive these additional subsidies. For the pilot projects, River Peaks I and II, this amount is fixed at six percent of the higher of the resale price or valuation. All existing grants such as the Enhanced CPF Housing Grant (EHG) of up to $80,000, will continue to apply for eligible families purchasing a PLH flat.

To purchase a new PLH flat, you must meet the prevailing BTO eligibility conditions such as being a Singaporean household and meeting the household income ceiling, currently set at $14,000. Beyond the initial purchase, subsequent flat buyers of resale PLH flats will also have to meet the prevailing eligibility conditions for the purchase of BTO flats. This helps to ensure that PLH flats remain inclusive and accessible to a broad group of subsequent flat buyers over time. Without these conditions, the resale prices of these prime location flats may rise beyond the reach of many Singaporeans; and over time only the better-off will be able to afford to buy them.

PLH flat owners can sell their properties on the open market or invest in private residential properties after living in their flats for at least 10 years. This measure helps to safeguard PLH flats for families with genuine housing needs and discourage speculation.

Owners of Prime flats may rent out spare bedrooms, but renting out whole flats is not allowed, even after MOP of 10 years.