\n<\/p>\n
Analysts said that significant subsidies are likely to be required given its prime location.<\/p>\n
The median resale price for a four-room flat in the central area was around S$1.35 million (US$1 million), based on the latest HDB data for the third quarter of 2025.<\/p>\n
In view of high resale prices at the nearby Pinnacle@Duxton, substantial subsidies would need to be factored into the sale price to ensure affordability for eligible buyers, Mr Lim said.<\/p>\n
These subsidies would be needed, particularly when considering the income ceiling of S$14,000 for families, as well as the typical savings and liquidity levels of BTO applicants, he added.<\/p>\n
Comparing the Pearl\u2019s Hill project to Berlayar Residence, which offers a similar unit mix, prices for homes there could start from around S$218,000 to S$369,000 for a two-room flexi flat, S$420,000 to S$562,000 for a three-room flat and S$578,000 to S$788,000 for a four-room flat, Mr Lim said. \u00a0<\/p>\n
\u201cTherefore, it is likely that the project will feature a new and higher subsidy recovery (clawback) rate. We estimate that this could fall within the range of 18 to 20 per cent,\u201d he said. \u00a0<\/p>\n
Similarly, Huttons\u2019 senior director of data analytics Lee Sze Teck estimated the figure could be as high as 20 per cent.<\/p>\n
\u201cConstruction costs are likely to be much higher due to the need for deeper foundations. HDB will likely have to provide more subsidies to keep prices affordable,\u201d he noted.<\/p>\n
Using Berlayar Residence as a guide, he estimates that the prices of four-room flats may start from S$600,000.<\/p>\n
\u201cCompared to the average resale prices of more than S$1.4 million for a four-room in Pinnacle@Duxton, the BTOs in Pearl\u2019s Hill are likely to be much more affordable, improving access for Singaporeans to live in the highly coveted city location,\u201d he said.\u00a0<\/p>\n<\/div>\n