For years, Singaporeans have complained about the unfair “lottery effect” of prime region flats. Those who land flats in the central area, or in areas along the GSW were assured a windfall: flats in these areas are in such high demand, million-dollar resale values are a real possibility. 

Financial issues aside, HDB has long been concerned about losing diversity and inclusivity in these prime estates. The worry is that these flats will form enclaves of wealthier Singaporeans, and lose the balanced make-up that characterises most HDB estates. 

So this new PLH model comes after 10 months of public engagement from Nov 2020 to Sep 2021. There were more than 7,500 Singaporeans consulted for feedback, including first-time homebuyers, existing homeowners, industry experts, and academics.

The PLH model imposes some additional restrictions, on HDB flats bought in prime areas:

• 10-year MOP instead of five years
• No renting out the whole flat 
• Subsidy Recovery, on top of existing resale levy
• Tighter eligibility requirements
• Reduced number of flats set aside for MCPS

Chapters
0:00 - Intro
2:56 - 10-Year MOP Instead Of 5 Years
4:03 - No Renting Out Of The Whole Flat
5:13 - Subsidy Recover On Top Of Resale Levy
7:14 - Tighter Eligibility Requirements
7:58 - Reduced No. Of Flats Set Aside For MCPS
9:02 - November BTO Prime HDB
10:11 - Does This Really Level The Playing Field?
12:50 - Outro

For more, please visit: https://stackedhomes.com/edito....rial/10-year-mop-for

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

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