Plus flats in Bayshore to receive strong demand: expert

Huttons said the application rate may exceed three applicants for each 4-room flat.

After witnessing Singaporeans’ positive reception toward the 1,640-unit Bedok South Blossoms in May 2023, Huttons anticipates demand for the inaugural Plus flats in Bayshore to be robust.

Bedok South Blossoms, the nearest BTO launch in the Bayshore area, had three first-time applicants for every 4-room flat.

“Similar to the strong demand seen for the first Prime Location Public Housing (PLH) launch, the demand for the first Plus flats in Bayshore is likely to be strong as well,” Huttons said.

Huttons expects the application rate to exceed three applicants for each 4-room flat.

“If HDB offers 5-room flats, we may see more applicants for them compared to 4-room flats as buyers opt for a larger space since they are going to stay there for at least 10 years,” Huttons added.

Based on the photo provided by the Urban Redevelopment Authority (URA), Huttons said the Bayshore plot will be for public housing, whilst the Bedok South plot will be for private development.

“A plot of land above Bayshore MRT station has its plot ratio proposed to be revised to 4.2 recently while there will be a mixed-use development above Bedok South MRT station,” Huttons said.

“There may be spillover demand to the resale HDB market where there are no restrictions on resale. The prices of these flats may rise at a faster rate than the HDB resale price index,” Huttons said.

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