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Upcoming BTO Launches - February 2018

According to HDB, the next BTO launch is expected to take place in February 2018. Two will be located in mature estates of Geylang and Tampines while two will be located in non mature estates of Choa Chu Kang and Woodlands.

Scroll down to learn about the of each upcoming new launch and start your planning today.

BTO Launch Pricing Forecast

Even though HDB has not announced the launch prices for the upcoming BTO exercise, we can forecast an estimate price range for each property type in the respective estates based on previous exercises.

Geylang Tampines Choa Chu Kang Woodlands
Forecast Min Max Min Max Min Max Min Max
HDB 3 Room $355,000 $400,000 $215,000 $245,000 $150,000 $180,000 $140,000 $185,000
HDB 4 Room $510,000 $590,000 $320,000 $380,000 $250,000 $300,000 $230,000 $315,000
HDB 5 Room - - $435,000 $515,000 - - $310,000 $400,000
Estimated Monthly Cash Payment Above CPF (by Income Level)

Based on SRX's pricing forecast, the table below compares affordability across the upcoming BTO launches.

Legend: Red means that income level may not be able to qualify for a mortgage per MAS 30% MSR Rule

Geylang Median* Monthly Cash Payment
Your Household Income $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
HDB 3 Rooms $1,130 $923 $738 $553 $369 $161 $0 $0 $0
HDB 4 Rooms $1,834 $1,627 $1,442 $1,258 $1,073 $866 $636 $406 $176
*Based on Geylang median pricing forecast of $377,500 for HDB 3 Rooms and $550,000 for HDB 4 Rooms
Tampines Median* Monthly Cash Payment
Your Household Income $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
HDB 3 Rooms $528 $320 $136 $0 $0 $0 $0 $0 $0
HDB 4 Rooms $1,018 $810 $626 $441 $256 $49 $0 $0 $0
HDB 5 Rooms $1,528 $1,321 $1,136 $951 $767 $559 $329 $99 $0
*Based on Tampines median pricing forecast of $230,000 for HDB 3 Rooms and $350,000 for HDB 4 Rooms and $475,000 for HDB 5 Rooms
Choa Chu Kang Median* Monthly Cash Payment
Your Household Income $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
HDB 3 Rooms $262 $55 $0 $0 $0 $0 $0 $0 $0
HDB 4 Rooms $711 $504 $319 $135 $0 $0 $0 $0 $0
*Based on Choa Chu Kang median pricing forecast of $165,000 for HDB 3 Rooms and $275,000 for HDB 4 Rooms
Woodlands Median* Monthly Cash Payment
Your Household Income $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
HDB 3 Rooms $252 $45 $0 $0 $0 $0 $0 $0 $0
HDB 4 Rooms $701 $494 $309 $125 $0 $0 $0 $0 $0
HDB 5 Rooms $1,038 $831 $646 $461 $277 $69 $0 $0 $0
*Based on Woodlands median pricing forecast of $162,500 for HDB 3 Rooms and $272,500 for HDB 4 Rooms and $355,000 for HDB 5 Rooms

The figures show you an estimate of the extra monthly cash instalments you have to fork out after CPF deduction. These estimates take into account the prevailing CPF OA contributions, HDB's Additional Housing Grant (AHG) and loan interest rate.

Depending on your household income, a cash payment highlighted in red means that it may not be affordable for you to purchase that BTO.

Assumptions:

1. Buyers have sufficient savings for the 10% downpayment.

2. The monthly instalment is based on the maximum tenure of 25 years at HDB concessionary interest rate of 2.6% p.a.

3. Household income is based on two buyers, both aged 35 and below and their monthly income is not more than $6,000 each.

4. Does not take into consideration Special Housing Grant (SHG) for non-mature estates, where applicable.

Disclaimer: Calculations provided above for financing are for general reference only. StreetSine Singapore Pte Ltd accepts no liability whatsoever arising from any use of or reliance on the use of these tables.

Find out more about pricing

Financing your Dream Home in Geylang, Tampines, Choa Chu Kang, Woodlands

BTO or Resale? Learn more in each BTO Location - Geylang, Tampines, Choa Chu Kang, Woodlands

Is BTO A Good Investment in Geylang, Tampines, Choa Chu Kang, Woodlands?

BTO In The News
Eunos Court is top draw in BTO exercise
21 Nov 2017
Home buyers continued to exercise their preference for mature estates, with Geylang the most hotly contested location for the second time this year in the latest sale of new homes by the Housing Board. Read more
For the first time, majority of BTO flats launched to be built using new pre-fabricated method
15 Nov 2017
For the first time, the majority of Build-to-Order (BTO) flats launched will be built using a new pre-fabricated method that reduces the number of workers needed at construction sites, said the Housing Board on Tuesday (Nov 14). Read more
BTO flats will be pre-fabricated
07 Sep 2017
From 2019, all the rooms in one-third of new HDB flats launched will be pre-fabricated as a whole - as part of a government push that is set to shorten construction time and lower costs in the long run. Read more
Structural walls of HDB flats may leave room for flexible layouts
04 Sep 2017
At Woodleigh Glen, a Build-To- Order (BTO) project in Bidadari ready in 2021, all 1,000 units will have their structural beams and columns tucked to the edges, so that residents can reconfigure the internal space according to their needs. The HDB will erect walls, but residents can hack these down at their own cost. Currently, most BTO flats have walls that are part of a structural wall, making it difficult to have a larger, open space. Read more
Past BTO Launches
Created with Raphaël 2.1.0 Ang Mo Kio Bedok Bishan Bukit Batok Bukit Merah Bukit Panjang Choa Chu Kang Clementi Geylang Hougang Jurong East Jurong West Kallang/Whampoa Marine Parade Pasir Ris Punggol Queenstown Sembawang Sengkang Serangoon Tampines Toa Payoh Woodlands Yishun
Created with Raphaël 2.1.0 Ang Mo Kio Bedok Bishan Bukit Batok Bukit Merah Bukit Panjang Choa Chu Kang Clementi Geylang Hougang Jurong East Jurong West Kallang/Whampoa Marine Parade Pasir Ris Punggol Queenstown Sembawang Sengkang Serangoon Tampines Toa Payoh Woodlands Yishun
Created with Raphaël 2.1.0 Ang Mo Kio Bedok Bishan Bukit Batok Bukit Merah Bukit Panjang Choa Chu Kang Clementi Geylang Hougang Jurong East Jurong West Kallang/Whampoa Marine Parade Pasir Ris Punggol Queenstown Sembawang Sengkang Serangoon Tampines Toa Payoh Woodlands Yishun
Created with Raphaël 2.1.0 Ang Mo Kio Bedok Bishan Bukit Batok Bukit Merah Bukit Panjang Choa Chu Kang Clementi Geylang Hougang Jurong East Jurong West Kallang/Whampoa Marine Parade Pasir Ris Punggol Queenstown Sembawang Sengkang Serangoon Tampines Toa Payoh Woodlands Yishun
Buy a BTO
Step 1
Select Location
Select your preferred location across the BTO launch
Step 2
Check eligibility
Check your eligibility in buying a BTO here. You can also calculate your mortgage affordability for each BTO (i.e. Bidadari)
Step 3
Submit Application
Submit Application here (which will only be opened when HDB has released the submission period).
Step 4
Update status
Get updates on application status here
Step 5
Invitation to book BTO

Once application is successful, you will be invited to book the BTO flat.

Check option fee and bring required documents

Step 6
Sign Lease Agreement

Then, you will have to submit a Letter of Offer if you are obtaining a housing loan from banks.

The CPF down-payment (plus 1-3% legal and stamp fees) or cash includes:

10% for buyers taking a housing loan from HDB

20% for buyers taking a housing loan from bank

Check cost involved here

Step 7
Collect flat keys
Get updates on application status here
Are you an HDB upgrader?
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FAQs
  • What is an HDB BTO?

    The acronym for Build To Order is BTO. Eligible buyers planning to buy a new HDB apartment can apply for BTO.

  • How does BTO work?

    Tender for construction will be called only if the number of applicants is at least 70% of the number of apartments in a specific contract (50% since 2011), otherwise, the project will not be built.

    Comparing with typical HDB Resale flats, the BTO flats require a waiting period of about 3-4 years. For eligible BTO flat buyers in urgent need of accommodation who are not willing to wait for about 3-4 years, they can ballot for leftover units that are reintroduced into the market, Sales of Balance flats (SBF).

  • How can I increase my chances of getting a Build-to-Order flat?

    Buyers can enjoy a much higher chance of success if they apply for BTO flats in non-mature estates, which are generally well-developed today with good transport networks and easy access to amenities.

    In fact, most first-timer applicants are able to secure a flat with-in two tries, and almost certainly on their third attempt. These flats are also more affordable and give applicants eligibility for more grants.

    It is typically buyers who apply for mature estates or through HDB's Sale of Balance Flats exercise who are unsuccessful on multiple tries. This is because flat supply is limited and demand is high in these estates.

    Applicants with children or planning to live close to their parents can also take advantage of HDB's various priority schemes.

    For instance, married couples who are expecting a child or already have children can apply for the Parenthood Priority Scheme (PPS) or the Third Child Priority Scheme (TCPS).

    The PPS gives priority to first-timer married couples who are expecting or have children younger than 16 years old, by setting aside up to 30 per cent of the BTO flat supply for them.

    Families with three or more children will enjoy further priority under the TCPS, where HDB sets aside, on top of the PPS, up to an additional 5 per cent of the flat supply.

    Another scheme offered is the Married Child Priority Scheme, applicable for married children who wish to live together with or close to their parents for mutual care and support.

    Under this scheme, up to 30 per cent and 15 per cent of the BTO flat supply is set aside for first-timer and second-timer applicants, respectively. In addition, those who apply for a new pair of flats with their parents in the same BTO project can enjoy priority under the Multi-Generation Priority Scheme. - source: MND Singapore

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