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News of a new public housing scheme, the PLH model, has spread like wildfire and is one of the hottest topics in town! With many ongoing discussions and buzz about this new policy rolled out by the government, what is our take on it? In today's Nuggets On The Go episode, Melvin will be talking about 11 ripple effects that this new PLH model for prime location BTO projects can bring about. Among some of the new regulations, homeowners of the upcoming prime location BTO units will have to meet a longer MOP period of 10 years rather than five, subsidies will also be clawed back upon the sale of the unit itself. What is the government's agenda for this PLH model and how would this impact you, especially if you are among the younger generation gearing up towards homeownership in the years to come. Join Melvin in this episode for our opinions on this new policy. 0:00 Introduction 1:07 What is the Prime Location Public Housing (PLH) model? 2:33 Our focus on the ripple effects of the PLH model 3:14 Should you go for a BTO under the PLH model? 3:28 MOP stretched from 5 to 10 years 4:28 Families with intent to upgrade would probably not subscribe to PLH model 5:00 Give rise to increased popularity in resale and BTOs not under PLH model 5:46 Key question, should you go for a BTO under the PLH model? 6:05 Clawback of subsidies upon sale of unit under PLH model 8:08 Restriction of audience for resale of PLH model 8:49 $14,000 income ceiling applies to all regardless of bank loan or HDB loan for resale of flats under PLH 9:53 Price cap due to MSR limit 11:57 Difference between MSR and TDSR 12:26 Restriction in loan amount leads to restriction of price growth 13:26 No ownership of other private properties for the past 13 months 14:27 Comparing to old policy where you only dispose in 6 months after completion of sale of the HDB resale 16:37 Further ripple effect in increasing take-up rate of resale not under PLH model 16:51 No renting out of units under PLH model, like forever 19:21 PLH model for families in for the long game 19:41 Pure PR families not eligible for PLH model 20:43 Singles are not eligible for resale units under PLH model 21:10 Key ripple effect - exiting prime locale HDB apartments to see higher demand in coming years 21:47 Current ripple effect 22:46 Plan out your time horizon to investment in properties 24:09 Conclusion PLB Insights - What are the ripple effects of these new policies for the HDB market and beyond? https://bit.ly/3C5ZsPn #PropertyLimBrothers #NOTG #PLH --------------------------------------------- TO LIST YOUR PROPERTY https://www.propertylimbrothers.com CONTACT PLB HOTLINE AT https://wa.me/6597457388 Subscribe to Our YOUTUBE Channel: http://youtube.com/PropertyLimBrother... STAY CONNECTED WITH US Facebook - / propertylimbrothers Instagram - / propertylimbrothers Website - http://propertylimbrothers.com Telegram - https://t.me/PropertyLimBrothers Weekly Newsletter - https://www.propertylimbrothers.com/n... PLB Research Insights Articles - https://www.propertylimbrothers.com/i... NUGGETS ON THE GO Spotify: https://spoti.fi/3u8UFsR Apple Podcast: https://apple.co/3cvBaEH SOFA SO GOOD Spotify: https://spoti.fi/2PdqqSs Apple Podcast: https://bit.ly/plb-sofasogood NEW LAUNCH PROJECTS REVIEWS http://bit.ly/NewLaunchProjectsReviews PLB CHIT CHAT SESSIONS (WHAT OUR CLIENTS SAY ABOUT PLB) http://bit.ly/PLBChitChatSessions PROPERTIES FOR SALE BY PLB TEAM https://bit.ly/PLBListingsForSale LANDED PROPERTIES FOR SALE PLAYLIST https://bit.ly/PLBLandedPropertyPlaylist HDB PROPERTIES FOR SALE PLAYLIST http://bit.ly/PLBHdbPlaylist PLB INVESTORS SERIES http://bit.ly/PLBInvestorsSeries PLB HOWWESOLD SERIES http://bit.ly/PLBHowWeSoldSeries © PropertyLimBrothers™ 2021 PropertyLimBrothers is an independent team under the umbrella of PropNex Realty Pte Ltd (Agency Licence No. L3008022J) Beginning in 2007, PropertyLimBrothers has grown to help over 1400 clients transact their homes. We recently set an incredible record in Singapore during the last 24 months - transacting over 269 properties. From humble beginnings as Singapore prison officers, co-founders Melvin and Adrian decided to begin something memorable together. Since then, they have transacted more than 1400 properties and successfully helped many families with their real estate needs and investment properties. PropertyLimBrothers is the first in Singapore to create Home Presentation Tours with a welcoming approach - weaving plus points, features, benefits and crafting a story for each property. Video count is more than 600, and it grows rapidly weekly. Producing Signature Home Tour videos with unique content has become PropertyLimBrothers's daily bread. The tagline #RealEstateWithIntegrity lies within the heart of the entire team, as only through glorifying God in work and business, will our daily hustle be meaningful.