HDB Resale Prices vs BTO Prices in Singapore (Q1 2024)
Launch date
Town
BTO project
BTO price for 4-room flat (excluding CPF Housing Grants)
Feb 2024
Bedok
Bedok South Bloom
From $491,000
Feb 2024
Bedok
Bedok North Springs
From $451,000
Feb 2024
Choa Chu Kang
Rail Garden @ CCK
From $300,000
Feb 2024
Hougang
Tanjong Tree Residences @ Hougang
From $371,000
Feb 2024
Punggol
Matilda Riverside
From $318,000
Feb 2024
Queenstown
Tanglin Halt Courtyard
From $565,000
Feb 2024
Woodlands
Woodgrove Edge
From $303,000
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 as the prices are pegged to affordability, whereas you buy resale flats on the open market.
Looking at the Feb 2024 BTO project launches, it is clear that BTO prices are quite affordable as compared to resale HDB prices. Let’s take the recent the recent Queenstown Feb BTO 2024 project. Prices for a 4-room Tanglin Halt Courtyard BTO flat started at $565,000. In comparison, the median resale HDB price for a 4-room flat in the neighbourhood was $897,500.
Likewise, it’s the same for homes further away from the city centre. Prices for a 4-room Tanjong Tree Residences @ Hougang BTO flat during the February BTO 2024 launch started at $371,000. The Q1 2024 median resale HDB price for a 4-room flat in Hougang was $563,500.
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 in 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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