$14,000 income ceiling for families, singles to buy Plus flats on resale market: Desmond Lee

SINGAPORE – Only families and singles who earn $14,000 or less a month can buy Plus flats on the resale market in the future, as part of tighter restrictions to keep homes affordable and ensure fairness in the public housing system.

from the second half of 2024 in an overhaul of the current framework of classifying estates as either mature or non-mature. Plus and Prime flats will come with a 10-year MOP, longer than the five years for Standard flats. Prime and Plus flat buyers will have to return additional subsidies when they sell their flats on the resale market for the first time.

Plus flats will be offered at choice locations within each region or near the core central region, particularly in attractive locations near transport nodes and amenities, he added. Couple A, who together earn $9,000 a month, are eligible for an Enhanced Central Provident Fund Housing Grant of $5,000, and will not need to top up an additional amount using CPF or cash to buy this flat.

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$14,000 income ceiling for families, singles who want to buy Plus flats on resale market: Desmond LeeSINGAPORE — Only families and singles who earn $14,000 or less a month can buy Plus flats on the resale market in the future, as part of tighter restrictions to keep homes affordable and ensure fairness in the public housing system. Plus flat owners also cannot rent out their entire flat at any point, even after the 10-year minimum occupation...
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