This article discusses the introduction of a new category of Plus flats in the public housing system in Singapore. It also highlights the impact on resale conditions and the rising prices of homes in these Plus locations. The article then focuses on the most affordable five-room flats in central neighbourhoods, emphasizing their proximity to amenities and connectivity to the city centre. A specific five-room unit in Toa Payoh is highlighted as a sensible option for families.
Apart from the announcement of three upcoming BTO launches this year, HDB is set to introduce a new category of Plus flats in the public housing system (on top of the Standard and Prime categories). This would be effective from the latter half of 2024 and buyers are already preparing for the tighter resale conditions and longer MOP periods. That said, some HDB flat owners have already been using this new public housing model to push up asking prices for homes located in these Plus locations.
As such, this week we zoom right in to take a look at the most affordable five-room flats in highly coveted central neighbourhoods like Ang Mo Kio, Toa Payoh, Bukit Merah and Bishan. Not only are these options near well-established amenities but also offer excellent connectivity to the city centre. Its size is also ideal for bigger families.Located slightly off-tangent from the scenic Kallang River, this five-room unit in Toa Payoh is a sensible option for families looking to have a wide selection of schools and amenities in central Singapor
Singapore Public Housing Plus Flats Resale Conditions Affordable Five-Room Flats Central Neighbourhoods Amenities Connectivity Toa Payoh
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