The Tanjong Rhu BTO launched in June 2024, Tanjong Rhu Riverfront I & II, is seeing high demand. It registered a whopping oversubscription rate of 72.8, which translates to over 2,000 applicants vying for the 228 4-room flats offered for sale. It’s the first ever BTO in the iconic private enclave that is Tanjong Rhu, and also the first ever Prime Location Public Housing (PLH) project there.
Since the first BTO project was launched under the PLH model, River Peaks I & II, during the Nov 2021 exercise, it was pretty much expected for PLH flats to gain high demand from buyers. Its central location and the strong resale potential that comes as a result of that is enough to get anyone running to cast a ballot. (Note that most of the million-dollar HDB transactions reported today are BTO flats in prime locations like Queenstown and Kallang/Whampoa.)
List of PLH flats launched since Nov 2021 to present
Here are the other PLH flats launched from November 2021, in order of the most recently launched PLH project to the least.
| PLH Flats | Location | Price (w/o grants) | Launch Date | Exp. TOP |
|---|---|---|---|---|
| Tanjong Rhu Riverfront I & II | Kallang/Whampoa | $207k – $568k | Jun 2024 | – |
| Holland Vista | Queenstown | $209k – $582k | Jun 2024 | – |
| Tanglin Halt Courtyard | Queenstown | $235k – $720k | Feb 2024 | – |
| Alexandra Peaks | Bukit Merah | $218k – $723k | Dec 2023 | 2030 |
| Ulu Pandan Vista | Queenstown | $430k -$763k | Dec 2023 | 2030 |
| Verandah @ Kallang | Kallang/Whampoa | $193k – $675k | Oct 2023 | Q1 2028 |
| Tanglin Halt Cascadia | Queenstown | $364k – $702k | Oct 2023 | Q1 2029 |
| Farrer Park Arena | Kallang/Whampoa | $362k – $642k | May 2023 | Q4 2027 |
| Farrer Park Fields | Kallang/Whampoa | $185k – $631k | May 2023 | Q2 2028 |
| Ulu Pandan Glades | Queenstown | $372k – $711k | Feb 2023 | Q2 2029 |
| Ghim Moh Natura | Queenstown | $206k – $696k | Nov 2022 | Q1 2028 |
| Kallang Horizon | Kallang/Whampoa | $335k – $690k | Nov 2022 | Q1 2028 |
| Ulu Pandan Banks | Queenstown | $362k – $725k | Nov 2022 | Q3 2029 |
| Alexandra Vale | Bukit Merah | $385k – $705k | Aug 2022 | Q2 2028 |
| Havelock Hillside | Bukit Merah | $370k – $730k | Aug 2022 | Q4 2028 |
| Bukit Merah Ridge | Bukit Merah | $377k – $737k | May 2022 | Q1 2028 |
| Ghim Moh Ascent | Queenstown | $369k – $481k | May 2022 | Q1 2028 |
| King George’s Heights | Kallang/Whampoa | $353k – $675k | Feb 2022 | Q3 2027 |
| River Peaks I & II | Rochor | $409k – $474k | Nov 2021 | Q2 2028 |
Here’s the full list of BTO flats launched in 2023.
Like its name, a primary characteristic of a PLH flat is its prime location. PLH flats are often launched in highly desirable areas, which include Kallang/Whampoa, Queenstown, and Bukit Merah, as shown in the table above. Properties in these areas have high land value and are in close proximity to amenities, jobs, and transportation, drawing that high demand from buyers.
11 key facts you should know about PLH flats
1. A PLH flat is located in prime, often central, areas.
2. Hence there’s often a limited supply of PLH flats per BTO launch and more competition.
3. PLH flats are priced higher than non-PLH flats. Without grants, 3-room flats start from $490k and 4-rooms at $528k.
4. Because of higher prices, buyers can get additional subsidies from HDB to keep it affordable.
5. But these subsidies will have to be refunded to HDB when you sell your flat. You’ll have to pay HDB 6% of the resale price or valuation (whichever is higher) upon resale.
6. PLH flats have a longer Minimum Occupation Period (MOP) of 10 years instead of 5.
7. PLH flats are smaller. 3-room flats are only 66 sqm instead of the usual 68 sqm, and 4-room flats are 88 sqm instead of 92 sqm.
8. You cannot resell a PLH flat to singles, and the regular BTO income ceiling still applies, which is $14k for 4-room flats or $21k (if purchased with extended or multi-generation family), and $7k for 3-room flats or $14k (depending on the project).
9. You are also not allowed to rent out the entire PLH flat, even after the 10-year MOP.
10. You can only rent out individual rooms of your PLH flat.
11. There’s a lower priority quota under HDB’s Married Child Priority Scheme (up to 20% instead of 30% for first-timers and up to 2% for second-timers).
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