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Up to $727,000 for a four-room Prime BTO flat — that's how much one can expect to pay for the most expensive Prime flat in Tanjong Rhu, which was among the 5,032 BTO flats launched in February's BTO sales exercise. Tanjong Rhu Parc Front in the Kallang/Tanjong Rhu 4-room BTO flats expected to see strong demand despite price tag of up to $727k: Experts
Up to $727,000 for a four-room Prime BTO flat — that's how much one can expect to pay for the most expensive Prime flat in Tanjong Rhu, which was among the 5,032 BTO flats launched in February's BTO sales exercise. Tanjong Rhu Parc Front in the Kallang/Whampoa precinct is only one out of the five projects that is classified under the Prime category in February's BTO exercise, said the Housing Board in a press release on Monday (Feb 10). Prime, along with Plus flats, have superior locational attributes, and are priced with more subsidies than Standard flats to ensure affordability. They also come with with tighter restrictions on resale, such as the subsidy clawback which is set at nine per cent for Tanjong Rhu Parc Front, said HDB. Several property experts told AsiaOne on Tuesday that the four-room BTO flats in Tanjong Rhu, at 90 sqm, are expected to be a hit with home buyers, despite the relatively high prices. Prices of the Tanjong Rhu flats, excluding grants, go for up to $364,000 for a two-room Flexi flat, $399,000 to $519,000 for a three-room flat and $548,000 to $727,000 for a four-room flat. Read more
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