Prices of BTO flats on Keppel Club site may exceed S$700,000 if not bound by prime area rules: Analysts

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SINGAPORE — New public flats that will be built on the existing Keppel Club golf site will see very strong demand and could be priced at more than S$700,000 for a four-room flat if they are sold as a regular Built-To-Order (BTO) project, property analysts said.

Ms Wong said that the Keppel Club site and all future developments in the high-profile Greater Southern Waterfront Development should be sold under the PLH model to offset the lottery effect.

She estimated that a three-room flat sold under the regular BTO scheme will cost around S$400,000 to S$520,000 and for a four-room flat, S$600,000 to S$720,000. He is expecting the three-room flats to be priced at S$400,000 to S$450,000 and four-room flats at S$720,000 to S$850,000 if sold under the regular BTO scheme.

 

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