SINGAPORE – The Housing Board (HDB) launched 4,428 Build-To-Order (BTO) flats for sale on Tuesday, including two projects under the prime location public housing (PLH) model in Dover Forest and Farrer Park.
These two projects – one in the mature estate of Queenstown and the other in the mature estate of Kallang/Whampoa – come with stricter buying and selling conditions, including a 6 per cent subsidy clawback upon their sale.
There are three other projects in the first sales exercise of the year – another in Kallang/Whampoa that does not come under the PLH model, and in the non-mature estates of Jurong West and Tengah.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said some home seekers who were initially planning to go for BTO flats may now consider purchasing HDB resale flats, given the increased CPF Housing Grant announced during Budget 2023.