BTO exercise comes four times a year, and each quarter, the news reports about the hordes of hopefuls who cross their fingers and hope to be allocated a new flat from HDB. HDB BTO application rates can go over 10 times, especially for popular unit types (e.g. 4-room and 5-room BTO flats). After all, HDB BTO prices are considered a steal compared to the high HDB resale prices now on the market.
For instance, the recent Serangoon North Vista May 2023 BTO project saw application rates at 9.1 for 4-room BTO flats and 13.3 for 5-room BTO flats, respectively. We are expecting a high number of BTO applicants too for the upcoming August 2023 BTO launch, with flats at convenient locations such as Kallang/Whampoa and Queenstown.
Thinking about applying for an upcoming August 2023 BTO project, and want a quick guide on applying for a BTO flat? Watch our video guide below.
Apply For a BTO Flat: BTO Application Overview
PS: From the upcoming August 2023 BTO launch onwards, you’ll need to obtain a valid HDB Flat Eligibility (HFE) letter before applying for a BTO project. The HFE letter will help you assess your BTO flat, CPF Housing Grant, and HDB loan eligibilities in one step on the HDB Flat Portal.
Do try to apply for the HFE letter in advance, as the HDB Flat Portal may take longer than its usual 21 working days to process your request.
Before you plan to ask your partner "BTO aimai?" and apply for any upcoming BTO or Sale of Balance Flats (SBF) launches, you’ll also want to do some research to maximise your chances before taking the plunge.
And what better way to do that than by studying past HDB BTO prices and trends? Read on for the list of past HDB BTO flat prices, from 2019 to May 2023, for 2-room Flexi, 3-room, 4-room, and 5-room flats.
HDB BTO Prices in Districts 3 (Queenstown, Tiong Bahru) and 4 (Telok Blangah, Harbourfront)
Bukit Merah is highly sought-after due to its location on the edge of the city core, but BTO launches in the area are scarce. Thus, it is no surprise that the Aug 2022 launch of Havelock Hillside saw prices for 3-room flats hovering at around the $500,000 mark. Plus, the proximity to the upcoming Greater Southern Waterfront project makes launches in this area even more desirable.
HDB BTO Prices in District 7 (Rochor)
|BTO project||River Peaks I & II (Central – Rochor)|
|BTO launch||Nov 2021|
|2-room Flexi flat price||–|
|3-room BTO price||$409,000 to $474,000|
|4-room BTO price||$582,000 to $688,000|
|5-room BTO price||–|
The first BTO launched under the Prime Location Public Housing (PLH) model is the River Peaks I & II in Rochor. Under the PLH Model, these prime-location flats will face a longer Minimum Occupation Period (MOP) of 10 years and tighter rental conditions, and owners selling the flat will have to fork out a clawback subsidy of 6% of the resale price or HDB flat’s valuation, whichever is higher, to HDB when they do sell their HDB flat.
These new measures were designed to prevent excessive windfall gains (to curb the ‘lottery effect’) and keep public housing affordable, no matter the location.
Rochor is located within the Central Area of the Central Region of Singapore, sharing boundaries with Kallang, Newton, and Downtown Core. It is a walk away from Little India and Bugis, offering residents a plethora of amenities and eateries.
Browse Rochor HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 12 (Toa Payoh)
Toa Payoh is a popular mature estate located just a few MRT stations from the Orchard Road shopping belt and also has the benefit of long-standing amenities and F&B businesses.
New launches in the area thus tend to be on the pricey side, with the 4-room BTO price usually set at over $500,000.
Browse Toa Payoh HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 13 (Bidadari)
|BTO project||Alkaff Breeze, Bartley GreenRise, ParkEdge @ Bidadari|
|BTO launch||Feb 2021|
|2-room Flexi flat price||–|
|3-room BTO price||$312,000 to $362,000|
|4-room BTO price||$464,000 to $580,000|
|5-room BTO price||$611,000 to $728,000|
The redevelopment of the Bidadari area was controversial at the outset, but buyers seem to have let bygones be bygones and rushed to snap up flats in the area. The fledgling estate enjoys an attractive location not very far from the city centre, which is reflected in its relatively high prices.
HDB BTO Prices in District 14 (Kallang/Whampoa, Geylang)
Properties in District 14 tend to be in high demand thanks to their city-fringe location in popular and vibrant neighbourhoods. The Kallang/Whampoa area has the advantage of being a sporting district, while Geylang is home to a wealth of established local eateries.
The Kallang/Whampoa August 2023 BTO launch will offer about 2,910 2-room Flexi, 3-room, and 4-room BTO flats across three BTO sites.
HDB BTO Prices in District 16 (Bedok)
Not only was the Bedok May 2023 BTO project a rare one – the last Bedok BTO project was announced seven years ago in 2016 – it was also a big BTO 2023 launch, comprising 1,640 BTO flats across all flat types, from 2-room Flexi to 5-room, and even 3-Gen flats!
Browse Bedok HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 18 (Tampines, Pasir Ris)
Located in the Far East of Singapore, Tampines, and Pasir Ris tend to offer affordable flat prices. Tampines is particularly popular with residents as it is a mature estate with established facilities that nonetheless command relatively low property prices, with 4-room BTO flats in the August 2022 Tampines BTO launch starting from $381,000.
HDB BTO Prices in District 19 (Sengkang, Punggol, Hougang, Serangoon)
Due to low prices and large volumes of BTO launches over the past decade, Punggol has found popularity as a district for young families, with amenities like Punggol Waterway Park springing up to cater to this demographic and those who enjoy the benefits of living near nature. Parts of Punggol are still under construction, which makes it more suitable for future-oriented buyers.
Hougang’s two BTO projects in November 2021 also found popularity amongst parents planning ahead for their children, with choice schools around the vicinity, including Maris Stella High School and Paya Lebar Methodist Girls’ School.
Browse Hougang, Punggol, and Sengkang HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 20 (Ang Mo Kio, Bishan)
Ang Mo Kio and Bishan are popular mature estates that enjoy a wealth of established eateries and community facilities. While not on the city fringe, the area is considered fairly accessible from the city centre. BTO prices are not cheap (and the estate is home to many million-dollar HDB flats), but still slightly more affordable than neighbouring mature estate Toa Payoh’s.
HDB BTO Prices in District 22 (Boon Lay, Jurong, Tuas)
For those who wish to enjoy the dynamism of the west side of Singapore, the Jurong Lake district is becoming increasingly popular thanks to its scenic location and proximity to the Jurong East commercial district. Classified as a non-mature estate, Jurong now enjoys a wealth of amenities even as BTO flat prices remain relatively affordable.
With the upcoming Jurong Region Line (JRL), Singapore’s seventh MRT line, the area will be more connected than ever.
Browse Jurong HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang)
District 23, located in the Northwest of Singapore, is an affordable non-mature estate, with 4-room BTO flats going for around $300,000. Residents not content with neighbourhood malls can opt to travel to the Jurong East or Upper Bukit Timah areas for their shopping and lifestyle needs.
Browse Choa Chu Kang and Bukit Batok HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 24 (Lim Chu Kang, Tengah)
Tengah in the northwest of Singapore is currently undergoing extensive development, hence the high number of BTO launches in the last few years. It is one of the most affordable estates to buy a BTO flat in, although residents must contend with extensive construction for many years after moving in.
The Tengah August 2023 BTO launch will see about 1,010 2-room Flexi, 3-room, 4-room, and 5-room BTO flats.
HDB BTO Prices in District 25 (Woodlands)
Woodlands in the north of Singapore are one of the more affordable areas to live in. While a considerable distance from the city centre, the area enjoys proximity to Johor Bahru and also boasts a range of established amenities such as Causeway Point despite its status as a non-mature estate.
Browse Woodlands HDB resale flat listings on PropertyGuru now.
HDB BTO Prices in District 27 (Yishun, Sembawang)
Singapore’s northernmost district comprises sleepy neighbourhoods, Sembawang, Yishun and Admiralty. Their distance from the city centre is what makes launch prices relatively affordable.
The draw for many who apply for a BTO flat at Yishun and Sembawang is the tranquillity of the neighbourhoods. Being situated away from the bustle of the city and having various reservoirs, green spaces, and even a hot spring garden, make the areas attractive places to live in.
Compared to Yishun, Sembawang is a peaceful non-mature estate that is currently undergoing development, with plans for a new mall and sports hub in the works.
Browse Sembawang HDB resale flat listings on PropertyGuru now.
Applying for a BTO Flat From the Upcoming August 2023 BTO Launch Onwards
Besides needing to obtain the HFE letter when applying for an upcoming August 2023 BTO project, there are some changes to the BTO application process you need to take note of.
1. If You Reject Your BTO Ballot
First-timer BTO applicants who reject their BTO ballots will be considered second-timer applicants for a year. In their second BTO application, if they reject another BTO ballot, they won’t be able to apply for a BTO flat in the following year.
2. New HDB Priority Scheme for First-timer Parents and Married Couples
The Family and Parenthood Priority Scheme (FPPS) will officially replace the Parenthood Priority Scheme (PPS). This change will include a new applicant priority subset, the First-timer (Parents and Married Couples) category, also known as FT(PMC). Up to 40% of BTO flats will be reserved for eligible FT(PMC) applicants. Eligible FT(PMC) applicants must meet these criteria:
- Be in a family with at least one Singapore Citizen child who is 18 years old and below, or married couples below 40 years old
- Have never owned or sold a residential property
- Have not booked a BTO or SBF unit in the past five years before their HDB flat application
3. Additional BTO Ballot Chances for Unsuccessful FT(PMC) Applicants
To help FT(PMC) applicants who failed to secure a BTO ballot after multiple applications to a non-mature estate, they will also get one additional chance per subsequent application.
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