9,500 BTO flats to be launched this November

HDB gears up for upcoming exercise on 23 November

Singapore. Want to own your flat soon? Good news awaits you. The Housing and Development Board is set to launch more than 9,500 BTO flats, including flats in three projects under the PLH model. The coming sales exercise for these units will be on 23 November.

The announcement was made by Minister for National Development Desmond Lee on 17 November.

More from OMY: Beamless flats using advanced technology to be launched by HDB

Two of the projects will be in Queenstown (Ulu Pandan Banks and Ghim Moh Natura). The other will be in Kallang/Whampoa (Kallang Horizon). Currently, there are 10 projects under the PLH model.

In a Facebook post, Mr Lee shared that the projects will be located close to transport nodes like Dover, Buona Vista, and Kallang MRT stations. The projects will also be well-served by existing amenities and facilities.

“Given the attractive locations and attributes, these flats would naturally command higher market values,” he added.

Last year, the PLH model was introduced to ensure that HDB flats in central and prime locations continue to remain accessible and affordable to Singaporeans.

Although these units are priced with more subsidies given their high market values, future owners will have to pay a percentage of the resale price to HDB.

More from OMY: A Beginner’s Guide To The HDB Resale Levy

Another BTO project in Queensway Canopy will not come under the PLH model because it is located far from main transport modes and major retail establishments.

“Nonetheless, Queensway Canopy residents will still have access to essential amenities, such as supermarkets, food centres, and clinics. The project is also located next to the Rail Corridor, where residents will be able to enjoy a variety of recreational activities close to nature,” he said.

More from OMY: Is The HDB Optional Component Scheme Actually Worth It?

Header Image Source: Desmond Lee/Facebook

Share This Story:

More Articles

  • December 5, 2022

    Due to the reconfiguration of junctions in Novena, the traffic has intensified. According to some motorists, their travel time has lengthened by 20 to 30 minutes.

    Continue reading
  • December 3, 2022

    UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.

    Continue reading
  • December 2, 2022

    In a news release by the Central Provident Fund Board, Housing and Development Board, and Ministry of Health, it was revealed that the government is closely monitoring interest rates to ensure CPF interest rates are still appropriate.

    Continue reading
  • December 5, 2022

    Due to the reconfiguration of junctions in Novena, the traffic has intensified. According to some motorists, their travel time has lengthened by 20 to 30 minutes.

    Continue reading
  • December 3, 2022

    UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.

    Continue reading