The Business Times
business-time-50
SUBSCRIBERS

Muted response to PLH projects launched in May

google-preferred-sourceAdd BT as a preferred source

Lisa Kriwangko

Published Thu, Jun 2, 2022 · 07:42 PM
    • Overall application rates as of Jun 2, 5pm, is slightly above 1 for 3-room flats and around 4 for 4-room flats, said Huttons Asia’s senior director for research, Lee Sze Teck.
    • Overall application rates as of Jun 2, 5pm, is slightly above 1 for 3-room flats and around 4 for 4-room flats, said Huttons Asia’s senior director for research, Lee Sze Teck. The Straits Times

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    PRIME Location Public Housing (PLH) projects at Bukit Merah Ridge and Ghim Moh Ascent launched in the latest Build-To-Order (BTO) round saw lower response rates, according to applications released on June 2, the last day of the exercise.

    Overall application rate as of 5pm is slightly above 1 for 3-room flats, said Huttons Asia’s senior director for research, Lee Sze Teck. This is lower than rates for previous PLH projects, namely River Peaks I/II which was launched in November 2021 (3.1 times) and King George’s Heights launched in February this year (5.8 times).

    Among 4-room flats, the Bukit Merah Ridge and Ghim Moh Ascent projects saw application rates of 4.9 times and 3.9 times respectively, while that of River Peaks and King George’s Heights were both above 10 times.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore propertyHDBPrime Location Housing model (PLH)Housing

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More