Analysts predict record 20% subsidy clawback for Pearl’s Hill as BTO prices start at $600,000

Experts say the higher resale clawbacks may keep Singapore’s tallest HDB affordable amid costs.

Industry experts noted the potential appeal and affordability of centrally located units in the upcoming BTO flats at Pearl’s Hill and Toa Payoh West near Caldecott.

Huttons highlighted that four-room flats at Pearl’s Hill could start from $600,000, with clawback subsidies potentially reaching 20%.

The project, which will be Singapore’s tallest public housing at over 60 storeys, is expected to provide residents with views towards Orchard Road and Sentosa, alongside a future mixed-use development offering additional amenities.

In Toa Payoh West, four-room BTO flats may be priced from $590,000, with the launch including two-room flexi flats and community care apartments for seniors.

Huttons noted that the previous BTO in the area, Toa Payoh Ascent, received more than six applicants per four-room unit, and clawback subsidies for the new flats are expected at around 11%.

Both projects fall under the Prime category with a 10-year minimum occupation period.

Ms Christine Sun, Chief Researcher and Strategist at Realion (OrangeTee & ETC) Group, noted that these flats offer centrally located, subsidised housing options in mature estates, close to MRT stations and upcoming mixed-use developments.

The projects could support families in high-demand locations while aligning with the government’s third-child priority policy, which applies to the 24.7% of households with three or more children, according to the Department of Statistics.

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