There’s no question about it – the May 2022 BTO launch is going to be hotly contested. There will be 4,583 Build To Order (BTO) flats across five estates that will be launched – with the main draw the two projects under the Prime Location Public Housing (PLH) model in Bukit Merah and Queenstown. To round up, the other projects are in Toa Payoh, Jurong West, and Yishun.
For those who need a reminder on the PLH model, here’s a quick overview of what you need to know.
The PLH model will impose additional restrictions, on HDB flats bought in prime areas:
– 10-year MOP instead of five years
– No renting out the whole flat
– Subsidy Recovery, on top of the existing resale levy
– Tighter eligibility requirements
– Reduced number of flats set aside for MCPS
Our review is broken down by the 5 BTO sites on offer, starting with the mature estates. We share...