by OrangeTee & Tie Pte Ltd.

BTO flats near Redhill, Tiong Bahru MRT stations to be launched in May

BTO Launches

New locations for May's BTO launches were released recently. Some of the locations include Redhill and Tiong Bahru. High demand is expected for these flats as they are located in a mature estate, and there is a lack of new public housing nearby.

Given the good location, these flats might fall under the Prime Location Public Housing (PLH) model.

Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said that currently, buyers who wish to live in the Redhill or Tiong Bahru areas have to buy condominiums or older HDB resale flats.

Based on the "high price premium" of new condos and HDB resale flats, the upcoming two BTO projects could qualify under the PLH model, she added.

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