The second Build-To-Order (BTO) project under the prime location public housing (PLH) model proved to be popular among home buyers, despite the strict buying and selling conditions, as all units have been oversubscribed.

As at 5pm on Wednesday (Feb 23), around 16 applicants are vying for each of the four-room flats in the PLH project located in the mature estate of Kallang/Whampoa.

As 95 per cent of the flat supply is set aside for first-time applicants, this translates to around 10 first-time applicants and around 134 second-time applicants vying for each of the 294 four-room flats.

Competition was significantly less stiff for the 104 three-room flats in the PLH project – King George’s Heights – with more than two first-time applicants signing up for each flat.

Buyers of these PLH flats will be subject to strict conditions, such as a 6 per cent subsidy clawback clause upon resale of the unit, a 10-year minimum occupation period, income restrictions on resale buyers currently stipulated at a cap of $14,000 in combined monthly household income.

Read more at: https://www.straitstimes.com/singapore/housing/16-applicants-vying-for-each-4-room-bto-flat-in-kallangwhampoa-under-prime-location-model