Singles Eligible Two Room Flexi Flats All Estates October Bto Exercise

The Housing and Development Board (HDB) has announced that singles will soon be eligible to apply for new two-room flexi flats in Standard, Prime, and Plus projects across the island. This applies to the upcoming October 2024 Build-To-Order (BTO) exercise.The new classification framework divides flats into three categories – Prime, Plus, and Standard – based on their location. Under the previous framework, singles were only able to apply for BTO flats in non-mature estates. However, under the new system, they will be able to apply for flats in all locations.AdvertisementIn the October BTO exercise, there will be a total of 1,902 two-room flexi units available, making it the BTO exercise with the highest number of new flats open for singles. In comparison, February’s BTO exercise launched 939 two-room flexi BTO flats in non-mature estates, while the June BTO exercise offered 1,288 units.Read also: HDB flash estimates show 2.5% rise in resale flat prices for 3Q2024The October 2024 exercise will offer two-room flexi units across 10 BTO projects located in Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Kallang/Whampoa, Pasir Ris, and Sengkang.HDB has announced that up to 65% of the non-senior two-room flexi flats in Standard, Plus, and Prime projects will be set aside for first-time singles in each BTO exercise. However, the new classification framework will not apply to flats that have been launched before the October 2024 exercise.AdvertisementIn the secondary market, when the new classification flats and those launched under the Prime Location Public Housing (PLH) scheme enter the market, all singles will be able to purchase Standard or Plus resale flats of any size, except for 3Gen flats. Two-room flats will also be available for purchase for singles under the Prime and PLH category. Singles looking to purchase a resale flat to live with their parents or family members will have the option of purchasing a larger resale Prime or PLH flat as long as they meet the eligibility conditions.However, there will be additional conditions for the purchase of Plus, Prime, and PLH resale flats. These include a $14,000 monthly income ceiling for Plus flats and $7,000 for two-room Prime and PLH flats. Additionally, all flats will have a minimum occupation period of 10 years.Read also: Is it a Good Deal?: $838,000 for a three-room HDB flat along Holland DriveAdvertisementFirst-time home buyers can access housing grants to assist them with their purchase, with households earning a monthly income of $4,500 or below receiving up to $60,000 of Enhanced CPF Housing Grant (EHG) when purchasing a new flat. Singles who are looking to purchase a resale flat can receive additional assistance in the form of the CPF Housing Grant (up to $40,000) and the Proximity Housing Grant (up to $15,000).Singles who wish to live with or near their parents will also be given priority access when they apply for BTO flats starting from mid-2025.

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