Three out of 10 Build-To-Order (BTO) projects to be launched in the November sales exercise will come under the prime location public housing (PLH) model.
The sales exercise will begin on Nov 23, with the Housing Board launching over 9,500 units, National Development Minister Desmond Lee said in a Facebook post on Thursday.
Flat owners of the three PLH projects will have to pay a portion of the resale price or valuation, whichever is higher, to HDB when they sell their homes on the open market for the first time under a subsidy clawback clause. So far, the clawback for all PLH projects has been set at 6 per cent.
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