New HDB flats will be classified under Standard, Plus or Prime from next year - dropping the decades-long mature and non-mature categorisation. With increased subsidies and tighter restrictions, what will be the impact on the property market? Will home ownership aspirations change with what is affordable? Steven Chia chats with Christine Sun, senior vice president of research and analytics at OrangeTee & Tie, Nicholas Mak, chief research officer at real estate platform MOGUL.sg, and Sarah Lin, a 27-year-old who successfully balloted for her flat after seven tries.
00:24 Intro
2:01 Sarah shares her experience of trying 7 times to get a BTO
3:07 Reaction to changes to the decades-old classification system
5:39 Impact of longer Minimum Occupation Period (MOP)
6:16 Will it change the way people choose BTO flats?
9:25 Considerations when choosing a flat with a long MOP
10:43 Will the new classification affect HDB pricing?
12:21 Will Prime flats become even more expensive?
14:34 The role of subsidies
16:36 How will the new classification help to stabilise prices?
17:42 Are flats investments or a home?
22:14 Years before impact will be truly felt
24:36 Changes for singles - are they significant?
29:25 Outro
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