It’s that time of the year again – the first HDB BTO launch of 2023! Some people may be surprised at the size of this launch, as with 4,428 flats, it is nearly half the 9,655 Build-To-Order flats launched at the last one in November 2022. This time, there are five projects spread out across Kallang Whampoa , Queenstown, Jurong West and Tengah. 2 of these (1 in Queenstown and 1 in Kallang/Whampoa) will fall under the Prime Location Public Housing (PLH) model. If you need a quick refresher, here’s what you need to know:

• 10-year MOP instead of five years
• No renting out the whole flat
• Subsidy Recovery, on top of the existing resale levy
• Tighter eligibility requirements
• Reduced number of flats set aside for MCPS

Those applying for PLH sites should be aware that Subsidy Recovery (SR) is applicable at 6% regardless of when flats are sold in the future. HDB also highlighted that “all the four-room flats in the non-mature estates offered in this sales exercise…