The November 2021 BTO launch will be a big deal, introducing the new Prime Location Housing (PLH) model. This is a topic we covered in an earlier article; and it seems we now have a response. In this upcoming pilot scheme, flats at the Rochor site will be subject to more restrictions than usual, to compensate for their higher-value location.
Here’s how it will work:
What is the PLH model?
For years, Singaporeans have complained about the unfair “lottery effect” of prime region flats. Those who land flats in the central area, or in areas along the upcoming Greater Southern Waterfront, were almost assured a windfall: flats in these areas are in such high demand, million-dollar resale values are a real possibility.
Financial issues aside, HDB has long been concerned about losing diversity and inclusivity in these prime estates. The worry is that these flats will form enclaves of wealthier Singaporeans, and lose the balanced make-up that characterizes most HDB estates....