Property
10-Year MOP For Prime Region HDB Flats: All You Need To Know About The New PLH Model
By Stacked Homes  •  October 27, 2021
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....
Read the full article
By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance