Mr. Lee even touched on the costs of BTO condos, noting that the flats are priced at market rates.  ,
Sale prices increased during COVID, but BTO prices generally remain steady over this time, he said, as a result of our providing more support through market discounts and subsidies.  ,
BTO projects will now be categorized under Standard, Plus, or Prime models, regardless of whether they are in adult or non-maturity estates. This will be followed by a new classification starting later this year. Prime Minister Lee Hsien Loong made the announcement at the National Day Rally next month.  ,
Standard flats will have the same restrictions and subsidies as all BTO flats, while Plus flats will have more restrictive restrictions, such as a 10-year least occupation period, and are located in more desirable locations in a region.  ,
The most stringent regulations may apply to perfect apartments that are located in the central region.
This of course includes trade-offs in the form of stricter criteria to make sure that those condos are tilted in favor of user profession rather than asset monetisation, according to Mr. Lee.  ,