Why many PLH flats launched recently
Many Singaporeans are drawn to PLH model flats given their key selling points like prime location, good price appreciation and possibly good design features. There will be good rental potential in the future.
The popularity of the previous two PLH sites shows that many people are keen to purchase a PLH model flat despite the longer MOP and more stringent selling criteria. Perhaps more supply has been released into the market to meet the growing demand for such flats.
As prices of private condos and new ECs are still climbing, PLH flats may be a good alternative for the sandwiched class. Some young Singaporeans may feel that they have been priced out of the market, especially the ability to purchase a home in the prime districts.
Therefore, offering these PLH model flats on a regular basis may help close the income gap among Singaporeans. Going by the current trend,PLH model flats may become a norm, and more of such flats could be released in every launch or at least twice a year.