HDB offers 9,655 flats in mega launch

Housing push: A jogger runs past condominiums in the Newton area of Singapore. The HDB has undertaken a recent initiative which is the biggest sales exercise since the BTO system was implemented in 2002. — Bloomberg

SINGAPORE: The Housing & Development Board (HDB) has launched 9,655 build-to-order (BTO) flats for sale soon, in what is the biggest sales exercise since the BTO system was implemented in 2002.

The units are spread across 10 housing projects in five estates. Three of these – two in Queenstown and one in Kallang/Whampoa –fall under the prime location public housing (PLH) model, which comes with a 6% subsidy clawback upon their sale.