To keep flats affordable in Central Region and reduce profit that owners will make at reselling, several schemes were proposed during 2010s, including introducing flats with shorter lease.
In 2021 HDB introduced Prime Location Housing, with minimum occupation period of 10 years instead of 5 years, no subletting whole flat, and must pay 6% clawback upon resale.
The success with PLH scheme determined HDB to reclassify new flats launched since 2024 as Standard, Plus, Prime. Details like MOP for each flat type are yet to be announced.
TO BE CONTINUED
