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The highly anticipated PLH project - River Peaks I and II in Rochor - comes with stricter buying and selling conditions.
https://www.straitstimes.com/singap...t-prime-location-project-in-rochor-comes-with
A total of 960 three-room and four-room flats are on offer across six 47-storey blocks. One of the blocks will include 40 two-room rental flats. The project sits on two plots of land along Weld Road and Kelantan Road and is directly connected to Jalan Besar MRT station.
Prices start from $409,000, without grants, for a three-room flat and $582,000 for a four-room flat, making them the most expensive units in a mature estate in this launch. The estimated floor area of the Rochor units is also slightly smaller, with three-room units at 66 sq m and four-room units at 88 sq m.
Under the PLH model, owners of these Rochor flats will pay 6 per cent of the resale price or valuation, whichever is higher, to HDB when they sell their home on the open market for the first time. The subsidy clawback applies to only the first resale transaction and does not apply to subsequent resales.
This is because HDB has to provide additional subsidies on top of those provided for all BTO flats in order to launch these prime area flats at affordable prices.
https://www.straitstimes.com/singap...t-prime-location-project-in-rochor-comes-with
A total of 960 three-room and four-room flats are on offer across six 47-storey blocks. One of the blocks will include 40 two-room rental flats. The project sits on two plots of land along Weld Road and Kelantan Road and is directly connected to Jalan Besar MRT station.
Prices start from $409,000, without grants, for a three-room flat and $582,000 for a four-room flat, making them the most expensive units in a mature estate in this launch. The estimated floor area of the Rochor units is also slightly smaller, with three-room units at 66 sq m and four-room units at 88 sq m.
Under the PLH model, owners of these Rochor flats will pay 6 per cent of the resale price or valuation, whichever is higher, to HDB when they sell their home on the open market for the first time. The subsidy clawback applies to only the first resale transaction and does not apply to subsequent resales.
This is because HDB has to provide additional subsidies on top of those provided for all BTO flats in order to launch these prime area flats at affordable prices.
