10 years minimum occupancy, clawback of resale proceeds – but PLH flats can still be good buys

One wonders if prime location public housing (PLH) flats are proving not all that popular with eligible Housing and Development Board (HDB) build-to-order (BTO) flat buyers. In the last BTO exercise, the application rate among first-time non-elderly applicants for four-room flats was 3.7 times for the PLH flats in Bukit Merah, versus 17.2 times and 8.7 times for non-PLH flats at Sun Plaza Spring in Tampines and Central Weave @ AMK in Ang Mo Kio respectively.

I was excited when details of the PLH model were unveiled just over a year ago, as the PLH model aims to ensure that new public housing built in prime, central locations like the city centre will remain affordable, accessible and inclusive...


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