HDB's Latest BTO Launch: Prime Flats in Tanjong Rhu & Holland Vista! (2024 06 19)

In Today's Trend,

We looked into the new Build-to-Order exercise for June 2024, which included 6,938 new flats spread across eight projects.Of the apartments on offer, nearly half will have waiting times of four years or less. These projects include those in the established estates of Queenstown, Kallang-Whampoa, and Tampines.

Now comes the highlight.
The Prime Location Public Housing (PLH) model.
Three projects: Tanjong Rhu Riverfront 1 and 2 in Kallang-Whampoa, and Holland Vista in Queenstown.

Along with their rising market values, subsidies will also be raised to keep prices within the reach of Singaporeans. 15 Flat applications can be made online via HDB Flat Portal from today (19 June 2024) to 26 June 2024.

Important points to note:
The PLH model places stricter rental restrictions and a lengthier minimum occupation term (MOP) of ten years on apartments.
Prior to subsidies, PLH units start at S$207,000 for a two-room flexi, S$402,000 for a three-room, and S$568,000 for a four-room.
PLH flat owners must reimburse HDB 9% of the resale or valuation price, whichever is larger, upon the unit's sale.
A reduced proportion of PLH units will be reserved for families participating in the Married Child Priority Scheme: 20% for first-time families and 2% for second-time families.

For those who are still considering, the next BTO exercise will be held in October 2024 and will be the first to provide flats under the new Standard, Plus, or Prime flat model.


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