{"id":79387,"date":"2024-10-21T18:54:52","date_gmt":"2024-10-21T10:54:52","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=79387"},"modified":"2025-01-14T14:44:39","modified_gmt":"2025-01-14T06:44:39","slug":"bto-subsidy-clawback","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/","title":{"rendered":"October 2024 BTO subsidy clawback details for each project"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\">In the <a href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-bto-october-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2024 BTO exercise<\/a>, 8,573 flats were offered across nine towns, making up over 40% of the year\u2019s new flat supply. <strong>Applications for these flats closed on October 23<\/strong>, with homes being allocated through a balloting process. Whether you applied for a flat in Q4 2024, or are planning to do so in the future, it&#8217;s essential to understand the subsidy clawback clauses tied to the new <a href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-bto-classification\/\">HDB-BTO classification system<\/a>.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This information will still be helpful if you\u2019re considering <a href=\"https:\/\/www.99.co\/singapore\/insider\/what-to-expect-in-the-5-bto-projects-set-to-launch-in-february-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">the upcoming February 2025 BTO exercise<\/a>, where around 5,000 flats will be available in locations like <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/kallang\" target=\"_blank\" rel=\"noreferrer noopener\">Kallang\/Whampoa<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/queenstown\" target=\"_blank\" rel=\"noreferrer noopener\">Queenstown<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/woodlands\" target=\"_blank\" rel=\"noreferrer noopener\">Woodlands<\/a>, and <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/yishun\" target=\"_blank\" rel=\"noreferrer noopener\">Yishun<\/a>.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h3>Table of contents<\/h3>\r\n<ul>\r\n<li><a href=\"#h-new-flat-classification-system\" data-level=\"3\">New flat classification system<\/a><\/li>\r\n<li><a href=\"#h-subsidy-clawback-clause\" data-level=\"3\">Subsidy clawback clause<\/a><\/li>\r\n<li><a href=\"#h-minimum-occupation-period-mop-and-resale-conditions\" data-level=\"3\">Minimum Occupation Period (MOP) and resale conditions<\/a><\/li>\r\n<li><a href=\"#h-hdb-bto-october-2024-subsidy-clawback-breakdown\" data-level=\"3\">HDB BTO October 2024 subsidy clawback breakdown<\/a><\/li>\r\n<li><a href=\"#h-rationale-for-different-clawback-rates\" data-level=\"3\">Rationale for different clawback rates<\/a><\/li>\r\n<li><a href=\"#h-market-insights-and-expert-opinions-on-the-clawback-rates\" data-level=\"3\">Market insights and expert opinions on the clawback rates<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n\r\n\r\n<h3 id=\"h-new-flat-classification-system\" class=\"wp-block-heading\"><b>New flat classification system<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The HDB has introduced a new classification system for BTO flats, which is a change from the previous division of mature and non-mature estates. <a href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-bto-classification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Flats are now classified into three categories: Standard, Plus, and Prime.<\/a> These classifications depend on several factors, such as how close the flats are to the city, their transport connectivity, and the amenities available nearby.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">It\u2019s essential for you to understand this new system, as it directly impacts both your future resale conditions and any subsidy clawbacks.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-subsidy-clawback-clause\" class=\"wp-block-heading\"><b>Subsidy clawback clause<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Prime and Plus flats in the BTO October 2024 launch come with a subsidy recovery clause. This means that when you resell your flat after the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-minimum-occupation-period-mop\/\" target=\"_blank\" rel=\"noreferrer noopener\">Minimum Occupation Period (MOP)<\/a>, you\u2019ll need to return a percentage of the flat&#8217;s resale or valuation price \u2013 whichever is higher \u2013 to HDB. <\/span><\/p>\r\n<p><span style=\"font-weight: 400;\"><strong>For Plus flats, the clawback ranges from 6% to 8%, while for Prime flats, it&#8217;s as high as 9%.\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This clause was introduced to mitigate the &#8220;lottery effect&#8221; <\/span>which occurs when buyers of flats in prime locations sell them at a significant profit because of the substantial market subsidies they received when first purchasing the flats. The clawback ensures that some percentage of the subsidies are recovered when these flats are resold, balancing the benefit buyers receive from living in highly desirable areas with the potential for large gains upon resale.<\/p>\r\n<p><span style=\"text-decoration: underline;\">Update:<\/span> According to the Straits Times, the new batch of 6,057 Build-To-Order (BTO) flats launched in December 2024 will see increased subsidies for two Prime Location Public Housing (PLH) projects in Bukit Merah and Queenstown.<\/p>\r\n<div id=\"model-response-message-contentr_4590b0d9dbbf5d08\" class=\"markdown markdown-main-panel\" dir=\"ltr\">\r\n<p data-sourcepos=\"3:1-3:229\">However, this comes with a slight trade-off. Owners of these subsidized PLH flats will now have to pay a higher subsidy clawback \u2013 8% of the resale price or valuation, whichever is higher \u2013 when they eventually sell their homes.<\/p>\r\n<p data-sourcepos=\"5:1-5:239\">To encourage family living, 20% of the PLH flats are reserved for first-time homebuyers, while 2% are set aside for second-timer families under the married child priority scheme. All PLH flats come with a 10-year minimum occupation period.<\/p>\r\n<\/div>\r\n\r\n\r\n\r\n<h3 id=\"h-minimum-occupation-period-mop-and-resale-conditions\" class=\"wp-block-heading\"><b>Minimum Occupation Period (MOP) and resale conditions<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">If you&#8217;re considering Prime or Plus flats, it\u2019s important to note that they come with stricter resale conditions. These include a longer MOP of 10 years, which means you must live in the flat for at least a decade before you can resell it.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Any future buyers of your flat will be subject to an income ceiling of S$14,000. In contrast, Standard flats have a shorter MOP of five years and are exempt from the subsidy clawback clause. This means if you\u2019re looking for more flexible resale conditions, a Standard flat might be a better choice for you.<\/span><\/p>\r\n\r\n\r\n    <section id=\"portal-widget-tab-panel-6a49e637b7123\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6a49e637b7123\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Looking for properties that aren't subjected to these subsidies and conditions? <\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/hdb?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;main_category=hdb&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Fsale%2Fhdb&amp;period_of_availability=any&amp;property_segments=residential&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=price&amp;sort_order=asc&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/faWZxyBybhxR3jWgRYzHs4?text=Rick+Kwok&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=76249b1649220b469e7ccb3197204ca84b3941ca\" alt=\"86 Commonwealth Close Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">86 Commonwealth Close<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 140086 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>495 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 270,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/86-commonwealth-close-hdb-K5bYas2TJp88SADHHZqQzo?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/8HKEWKZgDX2uNW2wPbZ5pT?text=Mark+Yeo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=cfce52b49ab22c6812f1f84abc43247f28f0a90f\" alt=\"10 Jalan Bukit Ho Swee Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">10 Jalan Bukit Ho Swee<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 161010 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>376 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 270,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/10-jalan-bukit-ho-swee-hdb-FPQcdpVxCZ736jMJivB6rd?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/LDZTVAf5gzPJzGYagRSWzC?text=Ohmyhome+Singapore&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c38efdbb3cba53f5447df1de77aa0dfc5d4a84f8\" alt=\"7 Telok Blangah Crescent Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">7 Telok Blangah Crescent<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 090007 \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>333 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 275,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/7-telok-blangah-crescent-hdb-o7zyc8TzZPUmbC6Ds7h79K?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/2Q7Q4s4XQEj9RENMTHu4f4?text=Noor+Deen&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2b769d8d73be3124a23be09a96a6994966decb7c\" alt=\"92 Commonwealth Drive Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">92 Commonwealth Drive<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 140092 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>516 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/92-commonwealth-drive-hdb-4YGS9M8cAQCg5oPkHpX3cg?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/3F8QQzwZsEfrtWjEjzFn8c?text=Cindy+Fu&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=0e8199ef00810005847def2b5f72be07a98d0fae\" alt=\"51 Circuit Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">51 Circuit Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 370051 \u00b7 D13<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>452 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/51-circuit-road-hdb-egUMdj5oz4BSPqcS6sVyAA?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/wK5eTSgaPgb6S8GSRjYJMP?text=Listings+at+Propseller&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=f1ee8b64b6781171cd47cdfde497ce705b44cdb1\" alt=\"70 Circuit Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">70 Circuit Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 370070 \u00b7 D13<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>452 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/70-circuit-road-hdb-5wddwh8KAVzMdjhpBNR78c?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/FL3jE65o5mbqgaarwq23X4?text=Ivy+Ong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=69e5ae68eaee0f7598321136e1afdc574144976d\" alt=\"7 Telok Blangah Crescent Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">7 Telok Blangah Crescent<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 090007 \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>334 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/7-telok-blangah-crescent-hdb-k2gVDuabxcB2BcXprexEXH?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/PSF4HFXaxZFvsLgzMd5iHk?text=Chia+Damian&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=4ec5d53216eb1dc74854b1c46b2459ecf6d07e9a\" alt=\"88 Commonwealth Close Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">88 Commonwealth Close<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 140088 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>495 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 288,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/88-commonwealth-close-hdb-grGLTaJAZgLXiKP8BkLwBL?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/dyxodkzTqjEgbbeTr6UkQh?text=Alvin+lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=8a2c01813326ce77889b9ffa881fdb371cf131d7\" alt=\"8 Jalan Kukoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">8 Jalan Kukoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 162008 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>570 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 288,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/8-jalan-kukoh-hdb-HAMhPLoqCD6exnqmUw9DpF?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/QHEExkK9ndNnEwkkMj6TqZ?text=David+Ang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a5f8beba9a23d18da5945815e032c94cef05ecf1\" alt=\"161 Lorong 1 Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">161 Lorong 1 Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 310161 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>430 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 290,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/161-lorong-1-toa-payoh-hdb-NJHcYwosjnsEMofa7fezoD?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>&nbsp;<\/p>\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=october-2024-bto-subsidy-clawback\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-hdb-bto-october-2024-subsidy-clawback-breakdown\" class=\"wp-block-heading\"><b>HDB BTO October 2024 subsidy clawback breakdown<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Let\u2019s take a closer look at the specific subsidy clawback rates for some of the October 2024 BTO projects:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Crawford Heights (Prime project, Kallang\/Whampoa)<\/b><span style=\"font-weight: 400;\">: There are 312 units in this project, which comes with a 9% clawback. Prices for 3-room flats range from S$390,000 to S$523,000, while 4-room flats are priced between S$568,000 and S$759,000.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Merpati Alcove (Plus project, <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/geylang\" target=\"_blank\" rel=\"noreferrer noopener\">Geylang<\/a>)<\/b><span style=\"font-weight: 400;\">: Flats in this project are subject to an 8% clawback. Prices for 4-room flats range from S$530,000 to S$647,000.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Bayshore Vista and Bayshore Palms (Plus projects, <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/bedok\" target=\"_blank\" rel=\"noreferrer noopener\">Bedok<\/a>)<\/b><span style=\"font-weight: 400;\">: These two projects come with a 7% clawback, with prices for 4-room flats ranging from S$495,000 to S$694,000.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Kembangan Wave (Plus project, Bedok)<\/b><span style=\"font-weight: 400;\">: This project features a 6% clawback, with prices for 4-room flats ranging from S$453,000 to S$592,000.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Here\u2019s a breakdown of the subsidy clawback percentages for the October 2024 BTO projects:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table class=\"has-fixed-layout\">\r\n<tbody>\r\n<tr>\r\n<td><b>Category<\/b><\/td>\r\n<td><b>Project\u00a0<\/b><\/td>\r\n<td><b>Subsidy recovery percentage<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td rowspan=\"4\"><span style=\"font-weight: 400;\">Plus<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Central Trio @ Ang Mo Kio<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">6%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kembangan Wave, Bayshore Vista<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">7%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Bayshore Palms, Merpati Alcove<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">8%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kallang View, Towner Breeze<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">8%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Prime<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Crawford Heights<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h3 id=\"h-rationale-for-different-clawback-rates\" class=\"wp-block-heading\"><b>Rationale for different clawback rates<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The reason for these different clawback rates lies in the location and market value of each project. Projects in more favourable locations, especially those closer to the city or MRT stations, have higher clawback rates. For instance, Merpati Alcove has an 8% clawback rate, which is higher than Bayshore\u2019s 7%. This is because Merpati Alcove is located nearer to an MRT station and is closer to central Singapore, which increases its market value.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-market-insights-and-expert-opinions-on-the-clawback-rates\" class=\"wp-block-heading\"><b>Market insights and expert opinions on the clawback rates<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">According to real estate experts, the clawback rates are still considered relatively modest and are unlikely to deter most buyers.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In fact, Standard flats sometimes are priced similarly to Plus flats, especially in certain locations. This has led buyers to opt for Prime or Plus flats, as they see more value in securing homes in better locations with more amenities. Even though there\u2019s a subsidy clawback involved, many buyers consider the trade-off for a more central and connected location to be worthwhile.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">For example, <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\" target=\"_blank\" rel=\"noreferrer noopener\">flats near MRT stations<\/a> or those in central areas are still highly appealing, making the clawback percentages seem less significant in the bigger picture. As long as the flats offer good connectivity and amenities, the minor differences in clawback rates won&#8217;t be <\/span><span style=\"font-weight: 400;\">a deal-breaker for most buyers.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><em>Looking for a property close to an MRT station of your choice? Check out<\/em> <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\" target=\"_blank\" rel=\"noreferrer noopener\">99.co&#8217;s MRT map here<\/a>.<\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h2 id=\"h-what-are-your-thoughts-on-the-subsidy-clawback-numbers-share-them-in-the-comments-section-below-or-on-our-facebook-page\" class=\"wp-block-heading\"><strong>What are your thoughts on the subsidy clawback numbers?\u00a0Share them in the comments section below or on\u00a0<a href=\"https:\/\/www.facebook.com\/99dotco\/\" target=\"_blank\" rel=\"noreferrer noopener\">our Facebook page<\/a>.<\/strong><\/h2>\r\n","protected":false},"excerpt":{"rendered":"<p>In the October 2024 BTO exercise, 8,573 flats were offered across nine towns, making up over 40% of the year\u2019s new flat supply. Applications for these flats closed on October 23, with homes being allocated through a balloting process. Whether you applied for a flat in Q4 2024, or are planning to do so in&hellip;<\/p>\n","protected":false},"author":141,"featured_media":79415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53642,53643,57131],"tags":[53915,58874,53637,59205],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","19":"entry","20":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>October 2024 BTO subsidy clawback breakdown<\/title>\n<meta name=\"description\" content=\"Understand how much you&#039;ll need to pay back and which flats are affected with this October 2024 BTO subsidy clawback details!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"October 2024 BTO subsidy clawback details for each project\" \/>\n<meta property=\"og:description\" content=\"Understand how much you&#039;ll need to pay back and which flats are affected with this October 2024 BTO subsidy clawback details!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-21T10:54:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-14T06:44:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/10\/october-2024-bto-subsidy-clawback.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sophiyanah David\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophiyanah David\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/\"},\"author\":{\"name\":\"Sophiyanah David\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b\"},\"headline\":\"October 2024 BTO subsidy clawback details for each project\",\"datePublished\":\"2024-10-21T10:54:52+00:00\",\"dateModified\":\"2025-01-14T06:44:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/\"},\"wordCount\":1124,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/bto-subsidy-clawback\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/10\/october-2024-bto-subsidy-clawback.jpg\",\"keywords\":[\"HDB BTO\",\"hdb bto october 2024\",\"subsidy\",\"subsidy clawback\"],\"articleSection\":[\"HDB\",\"HDB BTO in Singapore - BTO 2024, 2025 News &amp; 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