Deep Dive Podcast: Prime and Plus BTO flats - why restrictions didn't dampen demand

Maria Simulescu

A 10-year minimum occupation period and subsidy clawbacks did not deter people from applying for the first batch of flats under the new classification model. More than 35,600 applications were received in the October Build-to-Order (BTO) flat sales exercise, the highest number since August 2022. A 10-year minimum occupation period, clawback rules and rental restrictions did not deter strong demand for Prime and Plus HDB flats. Steven Chia and Crispina Robert speak to Nicholas Mak, chief