Resale HDB Prices vs BTO Prices in Singapore (Q2 2023)
Launch date
Town
May BTO 2023 project
BTO price for 4-room flat (excluding CPF Housing Grants)
May 2023
Tengah
Plantation Verge
From $350,000
May 2023
Tengah
Parc Meadow @ Tengah
From $350,000
May 2023
Bedok
Bedok South Blossoms
From $448,000
May 2023
Serangoon
Serangoon North Vista
From $397,000
May 2023
Kallang/Whampoa
Farrer Park Arena
From $505,000
Based on the latest resale HDB price and BTO prices, the former is typically pricier. This is expected as BTO flats prices are built and sold at prices below market value by HDB, whereas you buy resale flats on the open market.
Let’s take the recent Bedok and Kallang/Whampoa May BTO 2023 projects for example. Prices for a 4-room Bedok South Blossoms BTO flat start at $448,000, while the Q2 2023 median resale HDB price for a 4-room flat in Bedok is $518,000. That’s a 15% price increase.
For Farrer Park Arena, prices for a 4-room Kallang/Whampoa May BTO 2023 flat there start at $505,000, while the Q2 2023 median resale HDB price for a 4-room flat is $778,900, a 54.2% increase.
CPF Housing Grants
CPF Housing Grant
Amount
Enhanced CPF Housing Grant (Families)
Up to $80,000
Step-Up CPF Housing Grant (Families)
Up to $15,000
CPF Housing Grant for resale flats (Families)
4-room or smaller: up to $80,000 5-room or larger: up to $50,000
Proximity Housing Grant (Families)
$30,000 to live with your parents $20,000 to live within 4km of your parents
Enhanced CPF Housing Grant (Singles)
Up to $40,000
CPF Housing Grant for resale flats (Singles)
4-room or smaller: up to $40,000 5-room or larger: up to $25,000
Proximity Housing Grant (Singles)
$15,000 to live with your parents $10,000 to live within 4km of your parents
Source: HDB
How to Buy an HDB Resale Flat Via the HDB Flat Portal
After browsing HDB resale flat listings on PropertyGuru, your first step to buying an HDB resale flat is to log onto the HDB Flat Portal and apply for the HDB Flat Eligibility (HFE) letter. The HFE letter accesses your HDB flat, CPF Housing Grants, and HDB loan eligibility checks into one step.
Refer to our quick guide on using the HDB Flat Portal to buy an HDB resale flat:
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And if you’re curious whether you should take up a bank loan to finance your HDB resale flat, reach out to our team of PropertyGuru Finance Mortgage Experts. They’ll cross-compare the latest mortgage packages and rates across all major banks in Singapore and match you with the most money-saving home loan – and best of all, working with them is free!
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