Kallang PLH launch price below nearby BTO
KING George's Heights, the second batch of public housing flats to be launched under the HDB's new prime location housing (PLH) model, is expected to draw strong demand with its pricing pitched below previous build-to-order (BTO) launches in the area.
Comprising 398 units in a single block in Kallang/Whampoa, the project comes with a 6 per cent subsidy clause and is estimated for completion in Q3 of 2027. The block, with 2 wings of 33 and 47 storeys, is bounded by King George's Avenue, Syed Alwi Road and Rochor Canal, and located near Lavender MRT station.
Unit prices start from S$353,000 for a 3-room flat and S$488,000 for a 4-room flat notwithstanding grants, with 104 units of 3-room flats and 294 units of 4-room flats available.
Orange Tee & Tie's senior vice-president of research and analytics Christine Sun noted that the prices seem to be slightly lower than previous BTO launches in Kallang/Whampoa. At their highest point, 4-room BTO flats at Kempas Residences were sold in 2019 at prices ranging from S$562,000 to S$674,000, with median prices at S$618,000. The latest launch at King George's Heights has 4-room flats priced from S$488,000 to S$675,000, with median prices at S$581,500.