With the new Prime, Plus, and Standard classifications, the top winners are the owners of certain mature-area flats. These existing flats don’t have 10-year MOPs or Subsidy Recoveries but are every bit as desirable as a newer Prime or Plus flat. In light of that, here’s a list of HDB projects that might see increased demand; most of them are.
An HDB flat in Ghim Moh has changed hands for a record $1,223,000, "making it the most expensive resale flat in the vicinity", according to the selling agent. The unit in question is a five-room flat in Ghim Moh Valley, located at Ghim Moh Link. The estate, located in District 10, was built in 2013, and has about 89 years.
With HDB flats, after completing the five-year Minimum Occupation Period (MOP), owners have the option to put the whole flat for rent or for sale on the resale market. They can also choose to buy private property after the MOP. In light of the recent record transaction of a Canberra BTO flat, we decided to look through even more HDB.
With the demand for ready-to-move-in homes during these pandemic times, many have been looking forward to 2022, where there’s a total of 36 BTO estates that will have reached the much-awaited MOP status. We recently compiled the full list, along with the brochures, some commentary on each, and the analysis of each floor plan to help you compare spilt.
BTO projects are taking longer to build due to the Circuit Breaker last year, as well as manpower and supply crunch driven by the pandemic. The construction delays have even led HDB to allow you to cancel your BTO to buy a resale flat if you have urgent housing needs. On the other hand, buying a resale flat comes with.