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Stricter criteria for prime location BTO flats deters some speculative buyers

An artist's impression of Havelock Hillside in Bukit Merah. Every BTO sales exercise has had at least one PLH project.

PHOTO: HDB

Michelle Ng

SINGAPORE - About 30 per cent of new Build-To-Order (BTO) flats launched in the last five sales exercises came under the

which the Government rolled out in November 2021 to curb the “lottery effect” of owning flats in these areas.

In the one year since, the Housing Board has launched 10 such projects in the Central, Queenstown, Bukit Merah and

– all of which are sought-after mature estates with their fair share of million-dollar HDB flats.