Restricted Maiden and Novice races will see their prizemoney increase from $75,000 to $85,000 to encourage owners to invest more in young quality horses.
Prizemoney for Singapore races will be adjusted to favour and encourage quality. At the top end, Group 1 and Group 2 (with the exception of the Aushorse Golden Horseshoe) races will carry minimum prizemoney of $1 million and $500,000 respectively.
The two richest feature races, the $1.35 million Group 1 Singapore Gold Cup and the $1.15 million Group 1 Emirates Singapore Derby will remain at that level while the other Group 1 races will be carrying prizemoney of $1 million each. They are the Kranji Mile, Raffles Cup, Singapore Guineas, Queen Elizabeth II Cup, Lion City Cup and Patron’s Bowl while Group 2 races that will be worth $500,000 each are the Merlion Trophy, Singapore Three-Year-Old Classic, EW Barker Trophy, Stewards’ Cup and Chairman’s Trophy.
At the other end of the spectrum, prizemoney for Class 5 races will be adjusted, again to emphasise on quality. Prizemoney for Class 5 races will drop from $35,000 to $20,000. This drop in prizemoney for Class 5 races however would only affect a small number of horses as about half of the horses presently in Class 5 will be eligible to race in the Class 4 Non-Premier races.
Class 4 races will be divided into Premier and Non-Premier divisions with Class 4 Premier races carrying the present prizemoney of $60,000 and Class 4 Non-Premier races (catering to low-rated Class 4 horses) will carry prizemoney of $45,000.