Farrer Park New Condo and HDB planning

Catering to first-time house buyers are the BTO apartments at Farrer Park Field scheduled for launch over the following three years. “The flats in this area may be introduced as PLH [prime area public housing], provided the distance to the city centre as well as integrated sports facilities,” says Christine Sunlight, senior vice president of study and also analytics, OrangeTee & Connection. The new Piccadilly Grand is an integrated Condominium.

The Farrer Park site is located near the upcoming Piccadilly Grand (Credit History: HDB).
Moreover, the first PLH job at Rochor is just situated about 800m from the Farrer Park website, according to Nicholas Mak, age Real estate Network head of research study & working as a consultant. “If the Rochor HDB BTO website can be marked a PLH project, then the HDB apartments at the Farrer Park website need to likewise be under the PLH design.” (Discover HDB flats for lease or sale with our Singapore HDB directory site).
The average price for resale flats in the Kallang/Whampoa location was $755,000 in 1Q2022, according to Sun of OrangeTee & Tie. 2 brand-new PLH flats were additionally released nearby. If the Farrer Park flats are released as PLH flats, they could be offered around the same price as the previous PLH flats, or slightly higher, thinking about inflation a few years down the road, she thinks.

Price Comparisons on BTO launches.
Four-room apartments in this task may range from S$ 500,000 to $700,000 when introduced. “The site will likely see high need when released,” claims Sunlight. “Previous BTO launches for Kent Levels, River Peaks I & II, as well as King George’s Levels were oversubscribed.”.

  • Based upon current HDB BTO tasks in the city-fringe locations.

The BTO flats at Farrer Park Area are probably the very first time that public housing will certainly be developed and also seamlessly integrated with sporting activities as well as leisure facilities, notes Lee Sze Teck, Huttons Asia’s senior director (research). “This will invigorate the neighbourhood of Little India,” he adds.
The last time a BTO was released in the vicinity was probably in 2002 at Farrer Park Road, thinks Lee. Four- and five-room resale apartments at Farrer Park Road are presently transacting at $700,000 and also even more.

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