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Muted response to PLH projects launched in May

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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

    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.

    Singapore propertyHDBPrime Location Housing model (PLH)Housing

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