Despite 14% subsidy clawback, a S$788,000 Berlayar BTO flat is a solid buy

[SINGAPORE] The highest price tag for a four-room flat in the Housing & Development Board’s (HDB) recent Build-To-Order (BTO) sales exercise was for a unit at Berlayar Residences on the former Keppel Club site.

Berlayar Residences will have 880 units of two-room flexi, three and four-room flats on a site between Telok Blangah and Labrador Park MRT stations. The indicative price range for the 468 four-room units excluding grants was between S$578,000 and S$788,000.

For the 1,078 four-room flats at Berlayar Residences and Redhill Peaks – both Prime projects in Bukit Merah, the application rate among first-timer families was 3.1 times.