Recently, it was announced that there will be a new classification framework for HDB flats starting in the second half of 2024.
HDB BTO Flats from that point on will be categorised under Standard, Plus or Prime, a shift away from the existing mature and non-mature classification.
Source: Giphy
So what?
Whether you are looking to enter the property market now or in the future, here are some immediate and future impacts of the new framework.
TL;DR: HDB Classifications Standard, Prime and Plus – How Will They Affect You?
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Possibly Drive Up Resale Flat Prices in the Near Term
With the new HDB classification on the horizon, some realtors speculate that the announcement would increase the demand for existing resale flats. This is because the new rules...
