First BTO Flats in Greater Southern Waterfront, Mount Pleasant to Go on Sale in Oct

They are among 10 projects in sales exercise and expected to fall under Prime category

- Isabelle Liew

The first flats in two new housing estates – the Greater Southern Waterfront and Mount Pleasant – will be among 10 Build-To-Order (BTO) projects that will go on sale in October.

An assisted-living project in Sengkang, which will be the fifth of its kind in Singapore, will also be on offer.

The Housing Board will offer about 9,100 flats in Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh and Yishun.

The project on the site of the former Keppel Club in Bukit Merah, in Telok Blangah Road, will have about 870 units of two-room flexi, three- and four-room flats, and a pre-school.

The upcoming blocks will be between 19 and 46 storeys high, and one of them will have rental flats.

The development is located between Telok Blangah and Labrador Park MRT stations.

It will kick-start the development of the Greater Southern Waterfront and will form part of 6,000 HDB flats and 3,000 private homes that will be built there.

Property analysts said the project could fall under the Prime category, given its location on the city fringe, and is expected to be highly sought after.

Plus and Prime flats, which are closer to the city centre, transport nodes and amenities, come with stricter resale conditions, such as a 10-year minimum occupation period and a subsidy clawback, unlike Standard flats.

Ms Christine Sun, chief researcher and strategist at Realion Group, expects high demand for the flats in the Greater Southern Waterfront as there is a lack of affordable housing in the area.

“Previously, Singaporeans intending to reside in the area would have to purchase resale condominiums, which may price out those who are middle-income,” she said.