Note: The HDB BTO October 2025 sales exercise is coming up and applicants must apply for an HFE letter and submit all documents by 15 September 2025 to be able to apply for for the October exercise.
In October 2025, HDB will release about 9,100 flats across 10 projects, including launches in Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh, and Yishun. This follows the July 2025 BTO exercise of 5547 units and the February 2025 launch, which included the 5032 BTO flats across five projects.
In total, around 19,600 new flats will be offered this year, keeping supply on par with 2023 levels and helping to moderate application rates, which have eased from 3.7 times in 2019 to 1.5 times in early 2025.
The highlight of the October launch is the first Mount Pleasant Crest BTO project, offering about 1,350 two- to four-room units and public rental flats. Located between Thomson Road and the PIE and linked directly to Mount Pleasant MRT Station (TE10) (TEL), the estate will eventually provide 6,000 homes across 33 hectares.
With its central location and proximity to Toa Payoh, analysts expect the Mount Pleasant BTO 2025 to be launched under the Prime model, with a 10-year MOP and subsidy clawback similar to other central projects.
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HDB BTO October 2025: Latest Updates
- Around 9,100 flats to be launched across 10 projects.
- First-ever BTO projects in Mount Pleasant (named as Mount Pleasant Crest) and the Greater Southern Waterfront (GSW).
- Mount Pleasant BTO: 1,350 units, first of 10 projects in the new estate.
- Estate to integrate heritage buildings from the Old Police Academy.
- From July 2025, second-timer families receive an extra 5% quota for three-room and larger flats.
Mount Pleasant BTO Review: At a Glance
| Feature | Details |
| Nearest MRT stations | Caldecott MRT station (CC17, Circle Line / TE9, Thomson-East Coast Line) Toa Payoh MRT station (NS19, North-South Line) Mount Pleasant MRT station (TE10, Thomson-East Coast Line – future) |
| Nearby schools | CHIJ Secondary School (Toa Payoh) CHIJ Primary School (Toa Payoh) Raffles Institution SJI International Raffles Girls’ School |
| Nearby amenities | Toa Payoh Polyclinic (upcoming) Singapore Polo Club SAFRA Toa Payoh Toa Payoh West Community Club Toa PGirls’DB Hub |
| Unit mix | Two-room Flexi: 540 units Three-room: 100 units Four-room: 710 units Public rental flats: 270 units |
Source: HDB
Mount Pleasant BTO October 2025 Highlights
The Mount Pleasant Crest BTO 2025 marks a milestone as the first public housing project in this new central estate. In terms of scale, the launch will comprise about 1,350 units across two- to four-room flats, alongside public rental housing.
While this is smaller than Ang Mo Kio‘s 1,420 units in the same exercise, the appeal lies less in numbers and more in location.
Applicants for the Mount Pleasant BTO flats can expect an estimated waiting time of about three to four years, with the Mount Pleasant BTO launch date set in October 2025. Around 20% of flats nationwide in 2025 offer shorter waiting times of under three years, reflecting HDB’s efforts to increase faster key collection options for homebuyers.
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Best Points of Mount Pleasant BTO
What sets Mount Pleasant apart from other October launches is:
- The estate will be linked to Mount Pleasant MRT station (TE10, Thomson-East Coast Line – future), offering seamless access to Orchard (three stops) and Marina Bay (six stops).
- Six conserved Old Police Academy buildings are woven into the estate, with historical features repurposed in design.
- Mount Pleasant Crest’s two- to four-room flats include White Flat layouts, offering adaptable living spaces in the Mount Pleasant BTO floor plan.
- Tree-lined spines, retained hillocks, and proximity to MacRitchie Reservoir provide ample outdoor spaces.
- North-south block orientation, smart home-ready units, EV charging points, and bicycle racks for eco-friendly living.
- MRT, bus services, pedestrian paths, and cycling lanes ensure convenient, sustainable mobility.
- Retail, dining, healthcare, community hubs, and Toa Payoh Integrated Development are nearby.
- First BTO in a brand-new central estate, offering a distinctive, high-demand living environment.
Likely Classification: Prime Model
Analysts widely expect Mount Pleasant to fall under the Prime Location Public Housing (PLH) framework due to its city-fringe positioning and proximity to Toa Payoh. If confirmed, this means:
- 10-year Minimum Occupation Period (MOP) (vs five years for Standard flats).
- Subsidy clawback upon resale.
- Restrictions on renting out the whole flat, even after MOP.
These measures are designed to maintain affordability while preventing excessive resale gains. However, they also mean that Mount Pleasant buyers should be prepared for a longer commitment and stricter conditions compared to Standard or Plus projects.
Comparing Against Past BTO Launches and Price Estimation
Mount Pleasant has no prior BTO launches, but it sits adjacent to Toa Payoh and Novena, areas where resale prices remain high. According to HDB’s update, Q2 2025 median resale prices for four-room flats in the Central Area, Queenstown, and Toa Payoh were at least S$1 million, a first for four-room medians every quarter.
Here are the estimated prices of Toa Payoh – Mount Pleasant BTO 2025:
| Number of Rooms | Estimated Price Range |
| Mount Pleasant BTO price 2 room | S$210K – S$320K |
| Mount Pleasant BTO price 3 room | S$380K – S$520K |
| Mount Pleasant BTO price 4 room: | S$525K – S$700K |
This suggests that Mount Pleasant BTO prices are expected to start at around S$525,000 for four-room units and exceed S$700,000 for high floors with city views, likely on par with or slightly higher than neighbouring launches.
In short, Mount Pleasant’s first BTO project in October 2025 is considered a high-demand central launch similar to Queenstown’s Holland Vista (June 2024) and Bukit Merah’s Greater Southern Waterfront (October 2025).
Both were classified under the Prime model and saw intense competition, with application rates upwards of five times for four-room flats. Mount Pleasant is expected to generate similar demand.
Is the Mount Pleasant BTO 2025 Worth Applying For?
To help you decide whether the Mount Pleasant BTO 2025 suits your needs, let’s weigh the main advantages and potential drawbacks.
Pros
- Central location with MRT station integrated into the estate
- Quick access to Orchard, CBD, and major expressways
- Heritage integration and nearby nature (MacRitchie Reservoir)
- New town with modern planning and amenities
Cons
- Higher prices compared to launches in non-central estates
- Intense competition is expected due to demand
Other Options for Homebuyers
Alternatively, you can consider applying for a Sale of Balance Flats (SBF) launch if you are looking for faster keys or wider location choices.
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