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Affordability, BTO, HDB, Market Analysis

New BTO Classification: Will My HDB Flat Be More Affordable? – Forum | Talking Point

Build-to-Order (BTO) flats in Singapore will be reclassified as “Standard”, “Plus” and “Prime” flats, from the second half of 2024. This would replace the existing “mature” and “non-mature” labels. What does this mean to you? And how far can it make our flats more affordable? Steven Chia brings your questions on homeownership affordability, BTO wait times, and housing aspirations of Singaporeans to his panel of experts, in a special Talking Point Forum.

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Affordability, BTO, HDB

Money Talks: Why a BTO flat is the top choice for young home buyers

Multiple failed attempts to secure a Build-To-Order (BTO) flat and at least a 4-year wait are reasons cited by some home buyers for turning to the resale market. But with resale flat prices at record levels, should home buyers reconsider their options? Property agent Jooann Tay weighs the options on this episode of This or That, a limited series on the Money Talks podcast.

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Private Properties

New property cooling measures: Additional buyer’s stamp duty doubled to 60% for foreigners

Singapore is taming its red-hot property market to give priority to locals wanting to buy their first homes. The additional buyer's stamp duty (ABSD) was raised overnight. The tax doesn't apply to Singaporeans getting their first property. But for a second property, they must fork out 20% of ABSD, while a third property will add 30% in taxes. Foreign buyers are the most affected. They now pay 60% of stamp duties for any purchase -- double the previous 30%.

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