Prime Location Public Housing
The Prime Location Public Housing (PLH) model is a new public housing model that aims to keep HDB flats in prime, central locations like the city centre and the Greater Southern Waterfront will remain affordable and accessible for Singaporeans.
New PLH flats are priced with additional subsidies, on top of the substantial subsidies already provided for BTO flats today. These additional subsidies keep PLH flat prices affordable for a wide range of Singaporeans. When PLH flat owners sell their homes, they will pay to HDB a percentage of the resale price of the flat, commensurate with the extent of the additional subsidy provided. This is to be fair to other BTO flat owners who do not receive these additional subsidies. For the pilot projects, River Peaks I and II, this amount is fixed at six percent of the higher of the resale price or valuation. All existing grants such as the Enhanced CPF Housing Grant (EHG) of up to $80,000, will continue to apply for eligible families purchasing a PLH flat.
To purchase a new PLH flat, you must meet the prevailing BTO eligibility conditions such as being a Singaporean household and meeting the household income ceiling, currently set at $14,000. Beyond the initial purchase, subsequent flat buyers of resale PLH flats will also have to meet the prevailing eligibility conditions for the purchase of BTO flats. This helps to ensure that PLH flats remain inclusive and accessible to a broad group of subsequent flat buyers over time. Without these conditions, the resale prices of these prime location flats may rise beyond the reach of many Singaporeans; and over time only the better-off will be able to afford to buy them.
PLH flat owners can sell their properties on the open market or invest in private residential properties after living in their flats for at least 10 years. This measure helps to safeguard PLH flats for families with genuine housing needs and discourage speculation.
Owners of PLH flats may rent out spare bedrooms, but renting out whole flats is not allowed, even after MOP of 10 years.
| Conditions | BTO Model | PLH Model |
|---|---|---|
| Resale of flat | Allowed after MOP (5 years) | Allowed after MOP (10 years) |
| Renting out spare rooms | Allowed | Allowed |
| Renting out whole flat | Allowed after MOP (5 years) | Not allowed |
| Investment in private property | Allowed after MOP (5 years) | Allowed after MOP (10 years) |
