HDB launches 4,428 BTO flats, including prime location units

Prime location units likely to see high demand

- Michelle Ng Housing Correspondent

The Housing Board (HDB) launched 4,428 Build-To-Order (BTO) flats for sale on Tuesday, including two projects under the prime location public housing (PLH) model in Dover Forest and Farrer Park.

These two projects - in the mature estates of Queenstown and Kallang/Whampoa - come with stricter buying and selling conditions, including a 6 per cent subsidy clawback upon their sale.

There are three other projects in the first sales exercise of the year another in Kallang/Whampoa that does not come under the PLH model, and in the non-mature estates of Jurong West and Tengah.

The five projects have a median waiting time of about 4.4 years.

HDB said all four-room flats offered in the two non-mature estates are below $400,000, before grants.

A total of 732 three-room and four-room units are on offer at Ulu Pandan Glades in Queenstown. It is situated in the eastern half of Dover Forest and is near Dover MRT station.

Prices range from $372,000 to $498,000 without grants - for a three-room unit, and from $541,000 to $711,000 for a four-room one, making these flats the most expensive in this launch.

Buyers will also have to wait the longest for these homes, as they will take about 68 months or nearly six years to be completed.

Ulu Pandan Glades is the second of three BTO projects to be launched in the eastern half of Dover Forest.

The first, Ulu Pandan Banks, also came under the PLH model in the November 2022 sales exercise.