188 Over 8,500 BTO Flats Up for Grabs in October, including the first ‘Plus’ flats in Singapore!The Housing & Development Board (HDB) is launching a whooping 8,500 Build-To-Order (BTO) flats in their upcoming October exercise. But wait, there’s more! Analysts are predicting that nearly half of these flats will fall under the brand new “Plus” category. What’s the Plus about Plus Flats?Plus flats are designed to be in more sought-after locations, often near MRT stations and town centres. Sounds great, right? But ah – these prime spots come with stricter resale conditions. Think longer minimum occupation periods and potential limitations on who can buy them when you eventually sell. So, should you go for a Plus flat?It depends! If convenience and a desirable location are top priorities, a Plus flat might be worth considering. However, if affordability and flexibility are your main concerns, standard BTO options might be a better fit. Here are some key things to consider:Location: Plus flats will likely be in areas with high demand, potentially leading to a good return on investment if you decide to sell later.Resale restrictions: Be prepared for a longer minimum occupancy period (MOP) and potentially stricter resale eligibility rules for Plus flats.Budget: Consider the potential down payment and monthly mortgage costs associated with Plus flats compared to standard options. Projects in October BTO exerciseAng Mo KioAng Mo Kio Central 3, 430 flats BedokBayshore, near Bayshore MRT station, 730 flatsBayshore, near Bayshore MRT station, 710 flatsNext to Kembangan MRT station, 340 flats Bukit BatokBukit Batok West Ave 8, 690 flats GeylangNext to Mattar MRT station, 420 Community Care Apartments Jurong WestYung Ho Road, 1,840 flats Kallang/WhampoaMay Road, 360 flatsNorth Bridge Road/Crawford Road, 310 flatsUpper Boon Keng Road, near Geylang Bahru MRT station, 270 flats Pasir RisPasir Ris Drive 3, next to Pasir Ris town centre and MRT station, 760 flats SengkangFernvale Link, next to Layar LRT station, 550 flatsFernvale Street, near Thanggam and Kupang LRT stations, 840 flats WoodlandsWoodlands Centre Road, near Marsiling MRT station, 290 flats High Demand?Property analysts are expecting high demand for these Plus flats, especially with their attractive locations. So, if you’re planning to apply, be prepared for some competition! Don’t forget – the application window should be opening real soon, so mark your calendars and do your research beforehand. Do you think Plus flats are a good move for the BTO market? Share your thoughts in the comments below!