New flats planned for the HDB estate at Mount Pleasant could fall under the Prime Location Public Housing (PLH) model, meaning that it could come with stricted buying and selling conditions.
Around 5,000 new flats are planned at this site, which is slated to be launched within the next 5 years.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun, is of the view that the pricing and locality of the new Mount Pleasant flats may not fit the criteria for a PLH site.
PLH estates should be nearer to the city centre or Downtown Core, and their flats would command a price premium, she said. Homebuyers may also consider the sound and noise from the expressway as well as the proximity to the cemetery as drawbacks, she added.