PM Lee: In future, most HDB projects will be “Standard” projects with the current familiar and standard BTO rules such as the 5-year MOP, and no income ceiling for resale buyers.

PM Lee: We will introduce a new “Plus” model for HDB flats at choicer locations within a region. More subsidies will be given for these flats, but they will have a longer MOP of 10 years and tighter restrictions when the home-owner resells the flat later on.

Prime Location Public Housing Model or “Prime” projects for short, are in the choicest & most central locations. These flats are very desirable & will be more expensive. They will have the most subsidies & tightest restrictions.

This new framework of Standard, Plus and Prime flats will be a major change to the way HDB sells flats.

“Standard” flats are good flats built all over Singapore, and will have HDB’s standard subsidies and restrictions.

“Plus” flats are in choicer locations within a region and will have more subsidies and tighter restrictions than “Standard” flats.

“Prime” flats are in the most choicest and central locations in Singapore, and will have the most subsidies and tightest restrictions.

HDB will roll out this framework for all new projects from the 2nd half of 2024.

PM Lee: Integrity and incorruptibility are fundamental to Singapore. They are the foundation on which we run a clean government and deliver results for Singaporeans. No matter the price; no matter the embarrassment or political cost – I will do my utmost to keep the system clean. Every generation of PAP leaders must stand by this.

PM Lee: One crucial task of preparing for the future is leadership renewal. I have every confidence in DPM Lawrence Wong and his team.

We share the same core convictions that we are stewards of Singapore, entrusted with the immense responsibility to lead and care for our nation.

Please give him and his team your fullest support too, now and after they take over.

The Singapore story has been an unlikely one from the start. It has been an exceptional story; but I believe the best parts are still to be written.

Let us hold fast to our values, mutual trust and dreams and come together with a renewed spirit and vigour, a semangat yang baru, to build a better, brighter Singapore for generations to come! Majulah Singapura!

More Singaporeans are choosing to be single. When the new framework is rolled out, singles will be able to buy 2-room Flexi flats across all BTO projects – Standard, Plus, and Prime.
This will give singles more choices to find their own home a and write their own part in Singapore’s housing story.

Singaporeans have chosen Mr Tharman Shanmugaratnam to be our next President by a decisive margin. Now that the election is over, let us come together again as Singaporeans, to tackle the challenges ahead and build a stronger and more united nation.

Happy Mid-Autumn Festival! 花好月圆人团聚，祝大家中秋节快乐！🏮🥮🌕🐇The celebrations would not be complete without dazzling lantern displays. The last supermoon of the year coincides with this year’s Festival. If the skies are clear, you might be able to catch the “Harvest Moon” from 7pm tonight!