[Post 503] October BTO exercise: Only 1 "Prime" project in coming launch, located in Kallang-Whampoa area

Summary

October's BTO exercise will see the launch of the first HDB project to be classified as "Prime" flats. Three hundred and twelve such homes will be available, around 3.6 per cent of the 8,573 on offer. Seven projects are identified as "Plus" flats, with some featuring good connectivity and short commutes to the city centre, and others offering sea views. Six in 10 flats are located in "Standard" projects, the largest allocation in the exercise. At 15 projects, this is also the largest-ever launch of public housing in Singapore. Professor Sing Tien Foo, Provost's Chair Professor from the Department of Real Estate at the NUS Business School, weighs in on the effects of the MOP conditions on prospective buyers, why HDB is making this its largest offering and the traits of "Prime" project Crawford Heights that might make it more attractive to homebuyers.