(19-June-24) HDB launches 6,938 BTO flats, raises subsidies for three projects in prime areas

SINGAPORE – The Housing Board has launched 6,938 Build-To-Order (BTO) flats on June 19 for sale across eight projects in Jurong East, Kallang/Whampoa, Queenstown, Tampines, Woodlands and Yishun.

HDB also announced it would increase the subsidies for three of the projects which are under the prime location public housing (PLH) model. This is to “keep the flats affordable for a wider range of Singaporeans”, the agency said, without specifying the extent of the increase.

The projects are Tanjong Rhu Riverfront I and II in the mature town of Kallang/Whampoa, as well as Holland Vista in Queenstown.

For fairness, owners of these flats will be subject to a higher subsidy clawback upon the resale of their flats. The clawback, set at 9 per cent of the resale price or valuation, whichever is higher, is to correspond to the extent of the extra subsidies offered, said HDB.