Note: The HDB BTO December 2023 projects have been launched. Applications close on 11 December 2023, 11.59pm.
In the December 2023 BTO launch, there are four sites in mature estates: Bedok, Bishan, Bukit Merah, and Queenstown. The Alexandra Peaks Bukit Merah and Ulu Pandan Vista Queenstown HDB BTO Dec 2023 projects are under the Prime Location Public Housing (PLH) model. If true, demand might be shifted to the Chai Chee Green Bedok and Sin Ming Residences Bishan December 2023 BTO projects.
The Sin Ming Residences Bishan HDB BTO Dec 2023 project, in particular, will likely be very attractive to affluent households who can afford comparatively higher prices. Located along Sin Ming Road, it is near a glut of choice schools, including Raffles Institution, Catholic High School, and Ai Tong School.
However, with only 732 3-room and 4-room BTO flats available, competition for the Sin Ming Residences Bishan December 2023 project will likely be stiff. Bigger households who need a 5-room HDB flat will have to look at other HDB BTO Dec 2023 projects.
How Do I Apply for BTO Step by Step?
A new step in the BTO application process, implemented in October 2023, is submitting your HDB Flat Eligibility (HFE) letter when you submit your BTO application. The HDB HFE letter is a one-stop shop for finding your HDB flat eligibility, CPF Housing Grant eligibility, and HDB loan eligibility on the HDB Flat Portal.
While HDB has said that the HFE letter takes up to 21 working days to process, we suggest that you apply for it sometime before that. Not only will the HDB Flat Portal take longer to process requests during peak periods (e.g. BTO launch weeks), many BTO hopefuls have experienced HFE delays since the letter was introduced in May 2023.
Sin Ming Residences HDB BTO December 2023 Bishan BTO Map
Sin Ming Residences Bishan HDB BTO Location (HDB BTO December 2023 Launch)
| Name of the HDB BTO December 2023 Bishan project | Sin Ming Residences |
| Address | Along Sin Ming Road |
| Nearest MRT | Upper Thomson MRT station |
| Nearest bus interchange | Bishan |
| Nearest schools | Whitley Secondary School, Catholic High School, Ai Tong School, Eunoia Junior College, Raffles Institution (Sec), Raffles Institution (Junior College), Guangyang Secondary School, Kuo Chuan Presbyterian Primary School, and MOE Language Centre |
| Other nearby amenities | Sin Ming Plaza, Shunfu Mart, Bishan North Shopping Mall, Junction 8, Bishan Public Library, Marymount Community Club, Bishan Public Library, Bishan Community Club, Bishan-Ang Mo Kio Park, and Thomson Plaza |
The Sin Ming Residences Bishan December 2023 BTO flats will be located on Sin Ming Road, about a 9-minute walk from Upper Thomson MRT on the Thomson-East Coast Line (TEL), which connects to Raffles Place MRT station in the Central Business District (CBD) in 19 minutes.
The Sin Ming Residences Bishan HDB BTO Dec 2023 site is within a popular and affluent mature estate with established amenities including Junction 8 and the scenic Bishan-Ang Mo Kio Park. As such, it is likely to be in high demand.
Families with school-going children might also be attracted to the abundance of choice schools in the area, including Raffles Institution, Catholic High School, and Ai Tong School. The MOE Language Centre is also nearby for those who study a third language or a mother tongue that is not available at their school.
However, as the largest units available are 4-room BTO flats, it is likely to appeal to smaller households with just one or two kids.
Nature lovers will also be able to benefit from the park’s proximity to green spaces such as Bishan-Ang Mo Kio Park, Macritchie Reservoir and the Kallang River with the Kallang Park Connector running alongside.
Want to live in Bishan without having to wait for a Sin Ming Residences Bishan HDB BTO Dec 2023 flat? Check out the latest Bishan HDB resale flat listings on PropertyGuru.
Sin Ming Residences Bishan HDB BTO Price (HDB BTO December 2023 Launch)
| Unit type | Bishan BTO prices (HDB BTO 2023) | Bishan BTO Price (HDB BTO Nov 2020) | Median resale flat prices in the area (based on HDB Q3 2023 statistics) |
| 3-room | $374,000 to $473,000 | $374,000 to $470,000 | – |
| 4-room | $519,000 to $665,000 | $528,000 to $679,000 | $715,000 |
The Bishan BTO flats are likely to see spillover demand from those hoping to live in a mature estate but do not want to apply for a BTO flat that falls under the PLH model.
Consisting of 732 3-room and 4-room BTO flats, the Sin Ming Residences Bishan HDB BTO Dec 2023 site is located less than a 10-minute walk from the nearest MRT Upper Thomson station.
Demand is likely to be high from smaller families with kids who wish to take advantage of the Sin Ming Residences Bishan HDB BTO Dec 2023 site’s proximity to choice schools. Larger families, however, might have to opt for a different BTO project due to the unavailability of 5-room flats.
HDB’s resale statistics for Q3 2023 indicate that the median resale price for 4-room HDB flats is $715,000, a sum which is depressed due to the sale of older homes. In reality, after the expiry of the Minimum Occupation Period (MOP), homes in Bishan are likely to fetch a much more attractive price, possibly augmented even further by the recent opening of the TEL.
Budgeting for Your Sin Ming Residences Bishan December 2023 BTO Home Loan
| HDB BTO December 2023 Bishan flat type | Starting prices | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.6% p.a., 75% LTV) |
| 3-room | $374,000 | $74,800 downpayment, estimated $1,357 monthly mortgage repayments | $93,500 downpayment, estimated $1,419 monthly mortgage repayments |
| 4-room | $519,000 | $103,800 downpayment, estimated $1,884 monthly mortgage repayments | $129,750 downpayment, estimated $1,970 monthly mortgage repayments |
Mature estates like Bishan command higher property prices than elsewhere in Singapore, so it is imperative to plan your finances to know how much you can afford to pay.
All price estimates published here do not include CPF Housing Grants.
In line with the property cooling measures which took effect in September 2022, we have used an interest rate of 2.6% and an LTV of 80% for the HDB loan examples and an interest rate of 3.6% and an LTV of 75% for the bank loan examples.
The above calculations are applicable for a 25-year loan. However, those who can afford to make higher monthly repayments can apply for a shorter loan tenure.
Need to work out loan repayments for your situation? You can do so using PropertyGuru’s affordability calculator. If you need free, personalised advice on financing and home loans, speak with a PropertyGuru Finance Mortgage Expert.
Sin Ming Residences Bishan BTO Amenities (HDB BTO December 2023 Launch)
Less than a 10-minute walk from an MRT station
The Sin Ming Residences Bishan December 2023 BTO flats are located a 9-minute walk from Upper Thomson MRT station, which connects to Raffles Place MRT station in 19 minutes, making it possible for those who work in the CBD to arrive at the office in about half an hour.
Many good schools in the area
The Sin Ming Residences Bishan HDB BTO Dec 2023 project is located near many choice schools including Raffles Institution, Catholic High School, and Ai Tong School. In addition, there are many other schools in the area including Eunoia Junior College. Students taking a third language or mother tongue at the MOE Language Centre will also be able to study close to home.
Mature estate with many established amenities
Bishan is a popular city fringe location with many famous and established amenities, including Junction 8, Bishan-Ang Mo Kio Park, and Thomson Plaza. There is no shortage of eateries, shops, and services in the area.
Access to greenery
The Sin Ming Residences Bishan HDB BTO Dec 2023 site is located near an abundance of greenery, including Bishan-Ang Mo Kio Park, Macritchie Reservoir, and the Kallang River with its park connector, making it ideal for those who love hiking, cycling, and the outdoors.
Conclusion: Is Sin Ming Residences Bishan HDB December 2023 BTO Project Worth Balloting for?
The Sin Ming Residences Bishan Dec 2023 BTO site enjoys an attractive location in a popular city fringe area, close to numerous elite schools, superb amenities, and abundant greenery. However, applicants must be prepared for high prices and stiff competition.
Pros of Sin Ming Residences Bishan December 2023 HDB BTO
- Mature town with established amenities
- Less than a 10-minute walk from the nearest MRT station
- Abundant access to greenery
- Many choice schools nearby
Cons of Sin Ming Residences Bishan December 2023 HDB BTO
- 5-room BTO flats not available
Applying for the HDB BTO Dec 2023 Launch
Besides needing to apply for the HFE letter ahead of BTO launches, HDB has introduced a ‘penalty’ for BTO applicants who reject their ballots to ensure only serious homebuyers participate in BTO sales exercises. First-timers who reject their ballots will be considered second-timers for one year. Subsequently, those who reject their ballots again will not be allowed to apply for any BTO projects in the following year.
To ensure the ballot for the BTO project you want is as ‘strong’ as it can be, you should look up the other HDB BTO Dec 2023 projects before submitting your application:
- HDB BTO Dec 2023 Launch: Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown, Woodlands
- HDB BTO Dec 2023 Bedok Review: 4 Bus Stops to Bedok North MRT Station
- HDB BTO Dec 2023 Bukit Merah Review: 10-minute Bus Ride to Redhill MRT Station, Facing Alexandra Canal
- HDB BTO December 2023 Bukit Panjang Review: Peaceful Green Haven With Parks and Schools
- HDB BTO December 2023 Jurong West Review: Access to Greenery, Tengah’s New Amenities
- HDB BTO Dec 2023 Queenstown Review: Right Beside Dover MRT Station
- HDB BTO Dec 2023 Woodlands Review: Two Sites Next to Woodlands MRT Station
You can also consider applying for a Sale of Balance Flats (SBF) unit.
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