Levy might increase, 99-year lease shorten for future HDB flats in city

To mitigate any windfall effect from the resale profits, the Government will look at potentially selling future public housing within the city under a different model, be it implementing a longer MOP from the current five years, or a shortened lease from the 99 years now.

Future public housing projects in coveted downtown areas might come with stricter resale conditions, he added, in a bid to mitigate any “windfall effect” from the resale profits and ensure more equity.

Mr Lawrence Wong
National Development Minister 
Pinnacle@Duxton is cited as HDB in city

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