Commentary: Buyers of BTO flats in prime areas need to be far-sighted & More Trending News

 

DEMAND FOR PLH FLATS

Based on HDB’s knowledge, three-room PLH flats in the 9 tasks have been priced between S$335,000 and S$515,000, whereas four-room PLH flats have been priced between S$488,000 and S$737,000.

In distinction, the comparable three-room and four-room BTO flats in mature housing estates have been priced between S$289,000 and S$488,000 and S$381,000 and S$695,000, respectively.

You can see from the info that PLH flats are priced greater than comparable BTO flats in mature housing estates. Keep in thoughts that PLH flats include extra subsidies, on high of these at present supplied for all BTO flats. Without such subsidies, these flats would be far more costly, and households that aspire to reside in the town centre would possibly be crowded out.

The first PLH challenge, River Peaks I and II in Rochor, was launched in November 2021. The challenge comprised 280 three-room flats and 680 four-room flats. There had been 867 candidates for the three-room flats and 6,976 for the four-room models, placing the appliance fee at 3.1 occasions and 10.3 occasions, respectively. The software charges by first-timers had been decrease at 1.1 occasions and 5.3 occasions, respectively.

Since then, eight different PLH websites have been rolled out, together with King George’s Heights, Bukit Merah Ridge, Ghim Moh Ascent, Alexandra Vale, and Havelock Hillside. Ulu Pandan Banks, Ghim Moh Natura, and Kallang Horizon are the three tasks launched in the most recent November 2022 BTO train.

In all, 8,301 PLH models have been launched underneath the brand new mannequin, accounting for 85 per cent of the entire 9,804 of three- and four-room BTO models launched in mature estates throughout the identical interval.

Does this imply that the demand is “lacklustre”, which means, to some extent, falling beneath expectation? Or is that this merely a state of affairs the place the availability of PLH is catching up with demand?

Commentary: Buyers of BTO flats in prime areas need to be far-sighted

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Commentary: Buyers of BTO flats in prime areas need to be far-sighted

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Commentary: Buyers of BTO flats in prime areas need to be far-sighted

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