A new type of housing introduced by the government in 1995 to meet the housing aspirations of the growing number of graduates and young professionals. It is a strata-titled apartment built by the private sector and has facilities comparable to a private condominium. However, there are some restrictions attached to it in the initial years such as eligibility conditions (similar to those for HDB flats) and a minimum occupation period before the flat can be sold.
Source: HDB