HDB launches 4,501 BTO flats for sale, including prime area Rochor units with 6% subsidy clawback – for most Singaporeans, HDB represents a first step in home and property ownership, and can be a great tool in your ongoing retirement plan.
A total of 4,501 Build-to-Order (BTO) flats were launched for sale on Wednesday (Nov 17), including 960 units in Rochor, the first project under the new Prime Location Public Housing (PLH) model.
The Rochor BTO flats come with a 6 per cent subsidy clawback upon resale of the homes, announced the Housing and Development Board (HDB).
Here’s an overview of the nine projects in the November 2021 BTO exercise.
Rochor November 2021 BTO (River Peaks I & II)
Location: Kelantan Road and Weld Road
Classification: Mature estate
Number of units: 960 units (3-room and 4-room); one block will comprise 40 units of 2-room rental flats
This is set to be one of the most exciting projects to be launched in this November 2021 BTO. The Rochor BTO is the newest public housing to be launched in the Central area, after Pinnacle@Duxton. So we expect this project to be very popular as well.
To reduce the lottery effect, several measures have been introduced, such as imposing a 10-year MOP instead of the usual five years. (You can read more about the restrictions on these PLH flats here.)
Rochor BTO will be located on the former site of the Sungei Road flea market and an open-air car park, with Jalan Besar MRT located just in front of the project. Other MRT nearby include Rochor MRT, Bugis MRT and Little India MRT. Residents will also be able to reach the CBD within minutes, whether it’s by train or car.
By off-loading and consulting professionals in the business of retirement and management, this would give you more time, while still retaining control of the decision making, to keep you on the right track.
Contact NextLifeBook https://www.nextlifebook.com/contact-us
Missed our news yesterday? Read here at https://www.nextlifebook.com/estate-planning/how-much-you-need-to-invest-per-month-to-retire-with-up-to-1-million/
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You can read more about HDB launches 4,501 BTO flats for sale – over at https://www.channelnewsasia.com/business/hdb-bto-launch-november-rochor-prime-location-housing-model-subsidy-clawback-2319516
