It’s officially BTO season again, but this HDB BTO launch is noteworthy because this is the last BTO exercise before the new BTO classification rolls in in October. If you want to know what’s on the table, we’ve got you covered. With affordable housing at prime locations, these new BTO flats are set to attract a lot of attention.
Table of contents:
- BTO launch details
- Prime Location Public Housing (PLH) Model
- Deferred Income Assessment Scheme
- Waiting times
- Price and location specifics
- Additional points
BTO launch details
On June 19, HDB launched 6,938 new BTO flats. These are spread across eight exciting projects in Jurong East, Kallang/Whampoa, Queenstown, Tampines, Woodlands, and Yishun. This launch presents an excellent opportunity for those seeking new BTO flats for sale in prime location housing.
Dive deeper into this June 2024 HDB BTO options here: HDB BTO June 2024: From Jurong East to Tampines, & more (HDB BTO June 2024 project locations & details)
Overview of June 2024 HDB BTO launch
| Estate | Housing Scheme | Flat types | Estimated waiting time | Price range
*Excluding grants |
| Kallang/Whampoa: Tanjong Rhu Riverfront I & II | PLH | 2-room Flexi (Type 1): 130
2-room Flexi (Type 2): 440 3-room: 197 4-room: 1,296 Total: 2,063 |
48 months (Tanjong Rhu Riverfront I)
55 months (Tanjong Rhu Riverfront II) |
2-room Flexi (Type 1):
2-room Flexi (Type 2):
3-room: S$402,000 – S$544,000 4-room: S$568,000 – S$779,000 |
| Woodlands: Marsiling Peak I & II | Non-PLH | 2-room Flexi (Type 1): 134
2-room Flexi (Type 2): 472 3-room: 181 4-room: 429 5-room: 362 3Gen: 31 Total: 1,609 |
35 months (Marsiling Peak I)
54 months (Marsiling Peak II) |
2-room Flexi (Type 1):
2-room Flexi (Type 2):
3-room: S$207,000 – S$290,000 4-room: S$304,000 – S$423,000 5-room: S$449,000 – S$569,000 3Gen: S$467,000 – S$565,000 |
| Yishun: Chencharu Hills | Non-PLH | 2-room Flexi (Type 1): 82
2-room Flexi (Type 2): 303 3-room: 82 4-room: 420 5-room: 390 Total: 1,277 |
44 months (Blocks 973C, 974A, 974B, 974C, 974D)
45 months (Blocks 972A, 972B, 972C, 973A, 973B) |
2-room Flexi (Type 1):
2-room Flexi (Type 2):
3-room: S$219,000 – S$271,000 4-room: S$279,000 – S$346,000 5-room: S$407,000 – S$496,000 |
| Jurong East: Teban Breeze | Non-PLH | 2-room Flexi (Type 1): 75
2-room Flexi (Type 2): 222 3-room: 111 4-room: 444 5-room: 234 Total: 1,086 |
54 months | 2-room Flexi (Type 1):
2-room Flexi (Type 2):
3-room: S$233,000 – S$306,000 4-room: S$345,000 – S$457,000 5-room: S$465,000 – S$628,000 |
| Tampines: Tampines GreenTopaz | Non-PLH | 2-room Flexi (Type 1): 35
2-room Flexi (Type 2): 138 4-room: 214 5-room: 174 Total: 561 |
37 months | 2-room Flexi (Type 1):
2-room Flexi (Type 2):
4-room: S$445,000 – S$569,000 5-room: S$589,000 – S$719,000 |
| Queenstown: Holland Vista | PLH | 2-room Flexi (Type 1): 38
2-room Flexi (Type 2): 76 4-room: 228 Total: 342 |
57 months | 2-room Flexi (Type 1):
2-room Flexi (Type 2):
4-room: S$582,000 – S$762,000 |
| Total units: 6,938 | ||||
Prime Location Public Housing (PLH) Model
To ensure affordability, HDB announced increased subsidies for three PLH projects in Kallang/Whampoa and Queenstown. The projects benefiting from these increased subsidies are Tanjong Rhu Riverfront I and II, and Holland Vista.
However, there is a subsidy clawback involved. This has been increased to 9% of the resale price or valuation, whichever is higher. This is up from 8% in December 2023 and 6% when the scheme was first introduced in 2021. Moreover, these PLH flats come with a 10-year Minimum Occupation Period (MOP).
Additionally, to support families, 20% of these PLH flats will be set aside for first-time family applicants. Meanwhile, 2% will be reserved for second-time applicants under the married child priority scheme.
Looking for HDB flats that MOP-ed recently? Check out our article here: Full list of BTO projects hitting MOP in 2024/2025 & Our top picks near the MRT
Deferred Income Assessment Scheme
Young couples, listen up! If you qualify for the deferred income assessment scheme, you can make a lower upfront down payment of just 2.5% of the flat price.
Previously, buyers taking HDB loans or without a housing loan had to pay 5%, and those opting for bank loans had to pay 10%. This new scheme significantly reduces the financial burden on young couples, including students and national servicemen, making affordable family housing in Singapore more accessible.
Read more: Deciding between HDB loan vs bank loan? Here’s a quick reference.
Rather look at condos that will MOP this year? Have a read here: Upcoming Executive Condos (ECs) that will MOP in 2024 & 2025
Waiting times
Half of the new BTO flats have waiting times of four years or less.
For instance, Marsiling Peak I in Woodlands has a waiting time of just 2 years and 11 months, while Tampines GreenTopaz has a waiting period of 3 years and 1 month. These shorter waiting times make the new BTO flats highly appealing, especially for first-time home buyers in Singapore.
Interested in upcoming new launches for the year? Take a look at your options here: 8 new launches expected in Q2 of 2024
Price and location specifics
Tanjong Rhu Riverfront I and II
Situated in a prime location, these BTO flats in Tanjong Rhu are priced between S$402,000 and S$779,000 for three- and four-room flats. This range offers an affordable option for those looking to live in prime location public housing HDB.
Check your affordability with 99.co’s affordability calculator!
Holland Vista
Holland Vista offers two-room flexi and four-room flats priced from S$209,000 to S$762,000. These BTO flats in Holland Village are expected to be in high demand due to their attractive pricing and prime location near MRT stations.
Looking for a property close to an MRT station of your choice? Check out 99.co’s MRT map here.
Chencharu Hills in Yishun
In Yishun, the Chencharu Hills project includes a variety of units with prices ranging from S$113,000 to S$496,000. This project marks the first BTO launch in this up-and-coming area, making it a significant milestone.
Read more: A vibrant new housing area in Yishun – Singapore
Tampines GreenTopaz
Tampines GreenTopaz features two-room flexi, four-, and five-room flats with prices ranging from S$152,000 to S$719,000. This project includes two-room rental flats, offering a variety of housing options.
Marsiling Peak I and II, and Teban Breeze
In Woodlands, Marsiling Peak I and II offer a variety of units with prices ranging from S$94,000 to S$467,000. Teban Breeze in Jurong East provides two-room flexi, three-, four-, and five-room flats, with prices that make them an attractive choice for those seeking affordable HDB flats in Singapore.
These projects also come with shorter waiting times, making them an appealing option for potential buyers.
Additional points
Popular demand expected for these projects
The BTO flats in Tanjong Rhu and Holland Village are expected to be in high demand due to their prime locations and proximity to MRT stations. These areas offer a blend of convenience and scenic views, making them highly desirable.
Future launches
Looking ahead, about 8,500 flats will be launched in various locations in October 2024. This future launch includes new initiatives such as “white flats,” which come without internal partitions, allowing for customisable layouts.
Additionally, BTO flats will be categorised into Prime, Plus, and Standard categories, each with different resale conditions and MOPs. This categorisation aims to provide more tailored housing options to meet diverse needs.
By offering affordable new BTO projects in prime locations, HDB continues to make strides in providing quality housing for all Singaporeans. Whether you are a first-time home buyer or looking to upgrade, these new BTO flats offer a range of exciting features and benefits.
What are your thoughts on the new BTO launches for June 2024? Let us know in the comment section below or on our Facebook page.
The post New BTO launch: Breakdown of prices, locations & features appeared first on .
