Was 2023 supposed to be your year to finally get a Built-To-Order (BTO) flat? If you clicked on this article, I suppose that day has yet to come. Listen up, because before the HDB BTO 2024 season is upon us, your last chance in 2023 is here!
The Dec 2023 HDB BTO sales launch will end the year with a bang. We’re seeing a total of 8 projects this time around—Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown, and 2 in Woodlands. Which are the best locations? What are their application rates? Which projects are under the Prime Location Housing Model? Let’s take a look. We review the HDB BTO Dec 2023 launch locations, expected application rates, prices, resale values, and more.
PSA: Dec 2023 HDB BTO applications close on 11 December, 11:59pm!
Check out our latest HDB BTO review: HDB BTO Feb 2024 Review—Locations, Expected Application Rates, Prices, and More
HDB BTO 2023: HDB BTO Dec 2023 Review
- HDB BTO Dec 2023: Overview
- HDB BTO Dec 2023: Prices
- HDB BTO Dec 2023: Application rates
- HDB BTO Dec 2023: Resale value of flats
- HDB BTO Dec 2023: Which Dec 2023 BTO projects are Prime Location Public Housing (PLH)?
- There are 2 projects under Woodlands. How do I apply for the specific project I’m interested in?
- What penalties will I face if I don’t book a flat when offered?
- I don’t like anything I see in the Dec 2023 BTO. When’s the next BTO launch?
1. HDB BTO Dec 2023—Overview
The Dec 2023 round of BTO has 8 projects in 7 locations: Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown, and Woodlands. Here’s a summary of their flat types, waiting time, prices, and number of units:
| Town | Flat Type | Selling Price (excluding grants) | Transacted Prices of Resale Flats Nearby |
| Non-Mature Estates | |||
| Petir Park Edge (Bukit Panjang) Est. waiting time: 48 months |
2-room Flexi | From $110,000 | – |
| 4-room | From $320,000 | $520,000 – $570,000 | |
| Jurong Arcadia (Jurong West) Est. waiting time: 37 months |
2-room Flexi | From $110,000 | $310,000 – $360,000 |
| 3-room | From $207,000 | $415,000 – $450,000 | |
| 4-room | From $315,000 | $525,000 – $610,000 | |
| 5-room | From $431,000 | $688,888 – $760,000 | |
| Woodlands Beacon / Urban Rise @ Woodlands (Woodlands) Est. waiting time: 50/51 months |
2-room Flexi | From $145,000 | $320,000 – $370,000 |
| 3-room | From $251,000 | $415,000 – $470,000 | |
| 4-room | From $318,000 | $530,000 – $604,588 | |
| 5-room | From $468,000 | $620,000 – $718,000 | |
| Mature Estates | |||
| Chai Chee Green (Bedok) Est. waiting time: 39/43 months |
Community Care Apartment (30-year lease) | From $80,000 | – |
| 3-room | From $298,000 | $440,000 – $556,800 | |
| 4-room | From $421,000 | $620,000 – $872,000 | |
| 5-room | From $569,000 | $830,000 – $950,000 | |
| Sin Ming Residences (Bishan) Est. waiting time: 32 months |
3-room | From $374,000 | $440,000 – $511,000 |
| 4-room | From $519,000 | $618,000 – $800,000 | |
| Prime Location Public Housing Model | |||
| Alexandra Peaks (Bukit Merah) Est. waiting time: 59 months |
2-room Flexi | From $218,000 | $455,000 – $500,000 |
| 3-room | From $380,000 | $690,000 – $763,888 | |
| 4-room | From $533,000 | $920,000 – $1,088,888 | |
| Ulu Pandan Vista (Queenstown) Est. waiting time: 59 months |
3-room | From $430,000 | $655,000 – $715,000 |
| 4-room | From $598,000 | $850,000 – $1,040,000 | |
Now, let’s delve further into our review of these projects, including their nearby amenities and their closest MRT/LRT stations.
Disclaimer: We obtained all distance and travel time estimations using Google Maps. That means they’re only rough approximations. Plus, they’re subject to road and public transport changes by the time the BTO flat is completed.
Chai Chee Green (Bedok) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
The Chai Chee Green BTO project in Bedok this Dec 2023 BTO launch is the largest project, with 1,230 units across Community Care Apartments, 3-Room, 4-Room, and 5-Room flats. It’s pretty near Bedok North MRT Station—about 900m away or a 12-minute walk. While Bedok North is the closest MRT Station, Bedok MRT Station is also pretty close. There, you can access Bedok Mall, Djitsun Mall, Bedok Interchange Hawker Centre, and other amenities. If you drive or plan on getting a car, the Bedok Dec 2023 BTO project is a convenient option for you as it’s situated right next to the Pan-Island Expressway (PIE).
| Project/Town | Chai Chee Green (Bedok) |
| Flat types | Community Care Apartments, 3-Room, 4-Room, 5-Room |
| Number of units | 1,234 |
| Location/street name | Chai Chee Lane, Bedok North Road |
| Nearest MRT/LRT | Bedok North MRT Station, Bedok MRT Station |
| Nearest mall | Bedok Mall |
| Nearest hawker centre / market | Bedok Interchange Hawker Centre |
| Nearest clinic/hospital | The Civic Clinic, Chai Chee Clinic, Healthplus Clinic & Surgery, Eastern Medical Centre, Heartbeat @ Bedok (includes polyclinic) |
| Nearest school(s) | AWWA School @ Bedok (Special Education), Damai Primary School, Yu Neng Primary School, Fengshan Primary School & MK @ Fengshan, Damai Secondary School |
| Nearest sports facility | Heartbeat @ Bedok (includes Sports Centre and Swimming Complex) |
Sin Ming Residences (Bishan) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
Bishan is always a hot spot, and this Dec 2023’s BTO project in Bishan is also looking to be a good choice with its proximity to MRT stations, schools, and shopping malls. Sin Ming Residences is a walkable distance to Upper Thomson MRT—we estimate a walk of under 10 minutes. Along your walk there, you’ll pass by the Sin Ming cafes and eateries like Sin Ming Roti Prata House, Udders, Salted Caramel, and more.
The large Bishan-Ang Mo Kio Park is also fairly nearby, and Sin Ming Residences also happens to be the Dec 2023 BTO project with the shortest waiting time—32 months, with its estimated completion date Q2 2027. Oh, and did you know that these are the first flats to be built in the Sin Ming area in 35 years? All things considered, be warned that this project is probably going to be in high demand. 4-room units are already oversubscribed with an application rate of 2.3 for first-timer families as of 10 Dec 2023.
| Project/Town | Sin Ming Residences (Bishan) |
| Location/street name | Sin Ming Road |
| Flat types | 3-room, 4-room |
| Number of units | 732 |
| Nearest MRT/LRT | Upper Thomson MRT Station, Marymount MRT Station, Bishan MRT Station |
| Nearest mall/ shopping centre | Sin Ming Plaza, Thomson Plaza, Junction 8 |
| Nearest hawker centre / market | Shunfu Mart |
| Nearest clinic/hospital | Marymount Family Clinic / Mount Alvernia Hospital |
| Nearest school(s) | Whitley Secondary School, Catholic High School, Eunoia Junior College, Raffles Institution (Junior College, Secondary) |
| Nearest sports facility | Bishan ActiveSG |
Alexandra Peaks (Bukit Merah) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
The Alexandra Peaks Dec 2023 BTO project in Bukit Merah is another project in a great location. You’ve got Redhill MRT Station just a 10-minute walk away, tons of schools nearby, a sports centre practically just across the road, and Redhill Market close by for your groceries and food. Tiong Bahru MRT Station is also decently nearby—you could take a 10-minute bus ride or 20-minute stoll. And as every Singaporean knows, Tiong Bahru is chock full of good food, from your classic hawker fare to cafes like the (original!) Tiong Bahru Bakery.
| Project/Town | Alexandra Peaks (Bukit Merah) |
| Location/street name | Alexandra Road, Prince Charles Crescent |
| Flat types | 2-room Flexi, 3-room, 4-room |
| Number of units | 904 |
| Nearest MRT/LRT | Redhill MRT Station, Tiong Bahru MRT Station |
| Nearest mall/ shopping centre | Tiong Bahru Plaza |
| Nearest hawker centre / market | Redhill Market |
| Nearest clinic/hospital | Dr Gary’s Family Clinic, Mount Elizabeth Hospital, Gleneagles Hospital |
| Nearest school(s) | APSN (Tanglin School), Alexandra Primary School, Gan Eng Seng School, Crescent Girls’ School, Zhangde Primary School |
| Nearest sports facility | Delta Sport Centre |
Petir Park Edge (Bukit Panjang) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
This Dec 2023, the BTO project Petir Park Edge will see a relatively small project at Bukit Panjang of just 330 units. It’s also limited to only 2-room Flexi or 4-room flats, with no 3-room flats in between. Another important thing to note about this project is that the nearest train services are LRT—Petir LRT and Bukit Panjang LRT. You can take 1-2 stops to reach Bukit Panjang MRT Station from there, which sits at 1 extreme end of the Downtown (blue) line. Also not super convenient.
What this project does have going for it is its access to greenery and parks. Petir Park could be almost right next to you, and Pang Sua Pond and Bukit Panjang Park are also walkable from the project. Head a little further down south, and you’ll see Dairy Farm Nature Park.
| Project/Town | Petir Park Edge (Bukit Panjang) |
| Location/street name | Petir Road, Cashew Road |
| Flat types | 2-room Flexi, 4-room |
| Number of units | 334 |
| Nearest MRT/LRT | Petir LRT, Bukit Panjang LRT, Bukit Panjang MRT Station |
| Nearest mall/ shopping centre | Bukit Panjang Plaza, Hillion Mall |
| Nearest hawker centre / market | Bukit Panjang Hawker Centre and Market |
| Nearest clinic/hospital | SP Clinic, Chong & Lim Family Clinic |
| Nearest school(s) | Greenridge Secondary School, Bukit Panjang Primary School, Zheng Hua Primary School, Assumption Pathway School |
| Nearest sports facility | Sports Complex beside Pang Sua Pond |
Jurong Arcadia (Jurong West) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
If waterfront views appeal to you, don’t miss Jurong Arcadia BTO project in Jurong West. This project is bounded on one side by a canal that links directly to Jurong Lake. It’s also one of only 3 projects this Dec 2023 HDB BTO launch that will offer 5-room flats, and alongside smaller flats too, so it’s going to appeal to singles, couples, and larger families.
The nearest MRT station is Corporation MRT Station, the fifth on the Jurong Region Line. Note: We said nearest, but it’s still going to be a 20-minute walk or so. This MRT Station is set to open in 2027, so should be ready by the time this BTO is built. You’ve also got a neighbourhood park nearby and numerous schools, the closest of which is Hua Yi Secondary School.
Like the Bedok BTO project, the Jurong West BTO this Dec 2023 is situated beside the PIE, making it convenient for drivers to access.
| Project/Town | Jurong Arcadia (Jurong West) |
| Flat types | 2-room Flexi, 3-room, 4-room, 5-room |
| Number of units | 716 |
| Location/street name | Jurong West Street 42 |
| Nearest MRT/LRT | Corporation MRT Station (opening in 2027), Lakeside MRT Station |
| Nearest mall/ shopping centre | Boon Lay Shopping Centre |
| Nearest hawker centre / market | Boon Lay Place Market/Food Village |
| Nearest clinic/hospital | Jurong Polyclinic |
| Nearest school(s) | Hua Yi Secondary School, Jurong Pioneer Junior College, Cerebral Palsy Alliance Singapore School (West), Rulang Primary School, Shuqun Primary School, Yuhua Secondary School, Fuhua Secondary School, Jurongville Secondary School, Canadian International School |
| Nearest sports facility | ActiveSG Jurong East Sports Centre |
Ulu Pandan Vista (Queenstown) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
BTO projects don’t get much closer to an MRT station than this. The Ulu Pandan Vista Queenstown BTO project this Dec 2023 is situated pretty much just beside Dover MRT Station. It’s decently near Star Vista (basically 1 MRT stop away) for your shopping needs, and a 15 minute bus ride away from Ghim Moh Market for your hawker fix. Planning on having kids, or already have kids? There’s no shortage of schools nearby. Your kid’s practically covered from secondary school up till university if they want to study close—really close!— to home.
| Project/Town | Ulu Pandan Vista (Queenstown) |
| Flat types | 3-room, 4-room |
| Number of units | 890 |
| Location/street name | Commonwealth Avenue West |
| Nearest MRT/LRT | Dover MRT Station |
| Nearest mall/ shopping centre | Star Vista |
| Nearest hawker centre / market | Ghim Moh Road Market & Food Centre |
| Nearest clinic/hospital | Proposed health and medical care facilities within walking distance (see map) |
| Nearest school(s) | Singapore Polytechnic, School of Science and Technology, New Town Secondary School, Dover Court Preparatory School, NUS, Anglo-Chinese School (Independent) |
| Nearest sports facility | Ngee Ann Kongsi Sports Complex, Clementi ActiveSG Sports Centre |
Woodlands Beacon and Urban Rise @ Woodlands (Woodlands) Dec 2023 BTO: Flat types, nearby amenities, nearest MRT stations
The Dec 2023 BTO launch will have 2 projects in Woodlands, each located pretty near to each other. One is bounded by Woodlands Street 13, Woodlands Avenue 3, and Woodlands Avenue 5. On the other side of Woodlands Avenue 5 is the other project, which sits conveniently beside Woodlands MRT Station. While the first project has only 3-room or 4-room flat options, the project closer to the MRT will offer all flat types.
| Town | Woodlands | |
| Project | Woodlands Beacon | Urban Rise @ Woodlands |
| Flat types | 3-room, 4-room | 2-room Flexi, 3-room, 4-room, 5-room |
| Number of units | 399 | 848 |
| Location/street name | Woodlands Street 13, Woodlands Avenue 3, Woodlands Avenue 5 | Woodlands Avenue 5, Woodlands Square |
| Nearest MRT/LRT | Woodlands MRT Station | |
| Nearest mall/ shopping centre | Causeway Point | |
| Nearest hawker centre / market | Eden Food Mall, Marsiling Lane Food Centre | |
| Nearest clinic/hospital | SATA CommHealth Woodlands, National Kidney Foundation | |
| Nearest school(s) | Si Ling Primary School, Marsiling Secondary School, Fuchun Primary School, Fuchun Secondary School, Woodgrove Primary School, Yishun Innova Junior College, Riverside Secondary School, Qihua Primary School | |
| Nearest sports facility | Woodlands Sports Centre/ Woodlands Stadium (ActiveSG) | |
2. HDB BTO Dec 2023: Prices
Planning your budgets and home loan? It’s useful to plan these around the expected prices for the the Dec 2023 BTO projects. Here’s a summary of their selling prices:
| Project/Town | Flat Type | Selling Price (excluding grants) |
|
Non-Mature Estates |
||
| Petir Park Edge (Bukit Panjang) | 2-room Flexi (Type 1) | $110,000 – $145,000 |
| 2-room Flexi (Type 2) | $144,000 – $190,000 | |
| 4-room | $320,000 – $426,000 | |
| Jurong Arcadia (Jurong West) | 2-room Flexi (Type 1) | $110,000 – $140,000 |
| 2-room Flexi (Type 2) | $138,000 – $174,000 | |
| 3-room | $207,000 – $277,000 | |
| 4-room | $315,000 – $394,000 | |
| 5-room | $431,000 – $540,000 | |
| Woodlands Beacon (Woodlands) | 3-room | $268,000 – $340,000 |
| 4-room | $318,000 – $446,000 | |
| Urban Rise @ Woodlands (Woodlands) | 2-room Flexi (Type 1) | $145,000 – $186,000 |
| 2-room Flexi (Type 2) | $174,000 – $231,000 | |
| 3-room | $251,000 – $345,000 | |
| 4-room | $318,000 – $468,000 | |
| 5-room | $468,000 – $612,000 | |
|
Mature Estates |
||
| Chai Chee Green (Bedok) | Community Care Apartment (30-year lease) | $80,000 – $95,000 |
| 3-room | $298,000 – $360,000 | |
| 4-room | $421,000 – $534,000 | |
| 5-room | $569,000 – $725,000 | |
| Sin Ming Residences (Bishan) | 3-room | $374,000 – $473,000 |
| 4-room | $519,000 – $665,000 | |
|
Prime Location Public Housing Model |
||
| Alexandra Peaks (Bukit Merah) | 2-room Flexi (Type 1) | $218,000 – $277,000 |
| 2-room Flexi (Type 2) | $332,000 – $343,000 | |
| 3-room | $380,000 – $512,000 | |
| 4-room | $533,000 – $723,000 | |
| Ulu Pandan Vista (Queenstown) | 3-room | $430,000 – $541,000 |
| 4-room | $598,000 – $763,000 | |
ALSO READ: What Is The Additional Buyer’s Stamp Duty (ABSD) 99-1 Loophole in Singapore and Is It Illegal?
3. HBD BTO Dec 2023 BTO application rates, and what to apply for if you’ve been unable to get a BTO
We all know that friend who’s tried 5, 6, or even up to 10 times (from what I’ve heard) to get a BTO flat. If that friend is you, you might want to apply for a BTO project that you won’t have to fight too hard for. In other words, you want to check the application rate of the projects available for selection and make sure you don’t pick one that half the world is also applying for. According to HDB:
Application rates for each household type = Number of applications received for that household type / the public flat supply set aside for that household type.
In plain English, the smaller the application rate, the higher the likelihood you’ll get your flat.
- If the application rate is less than 1, demand < supply. Everyone who applied will get their flat.
- If the application rate is exactly 1, demand = supply. Everyone who applied will get their flat.
- If the application rate is more than 1, demand > supply. Not everyone who applied will get their flat. For example, if the application rate is 3, that means there are 3 applicants vying for each unit.
Here are the application rates of the Dec 2023 BTO projects as of 10 Dec 2023. So far, the 5-room units in Woodlands (Urban Rise @ Woodlands) are looking to be the most popular among first-timer families.
Dec 2023 HDB BTO: Application rates for Community Care Apartments (Chai Chee Green, Bedok)
Dec 2023 HDB BTO: Application rates for 2-room Flexi flats (Bukit Panjang, Jurong West, Woodlands, Bukit Merah)
Dec 2023 HDB BTO: Application rates for 3-room, 4-room, 5-room flats
4. What are the Dec 2023 BTO flats’ resale values?
Even if they start off with a flat, many couples choose to upgrade their homes later in life. Or they may decouple and purchase a condo. So when choosing your BTO, it’s prudent to also consider resale prices. Here’s a summary of the resale prices we can expect against the selling prices.
| Town | Flat Type | Selling Price (excluding grants) | Transacted Prices of Resale Flats Nearby |
|
Non-Mature Estates |
|||
| Petir Park Edge (Bukit Panjang) | 2-room Flexi | $110,000 – $190,000 | – |
| 4-room | $320,000 – $426,000 | $520,000 – $570,000 | |
| Jurong Arcadia (Jurong West) | 2-room Flexi | $110,000 – $174,000 | $310,000 – $360,000 |
| 3-room | $207,000 – $277,000 | $415,000 – $450,000 | |
| 4-room | $315,000 – $394,000 | $525,000 – $610,000 | |
| 5-room | $431,000 – $540,000 | $688,888 – $760,000 | |
| Woodlands Beacon; Urban Rise @ Woodlands (Woodlands) | 2-room Flexi | $145,000 – $231,000 | $320,000 – $370,000 |
| 3-room | $251,000 – $345,000 | $415,000 – $470,000 | |
| 4-room | $318,000 – $468,000 | $530,000 – $604,588 | |
| 5-room | $468,000 – $612,000 | $620,000 – $718,000 | |
|
Mature Estates |
|||
| Chai Chee Green (Bedok) | Community Care Apartment (30-year lease) | $80,000 – $95,000 | – |
| 3-room | $298,000 – $360,000 | $440,000 – $556,800 | |
| 4-room | $421,000 – $534,000 | $620,000 – $872,000 | |
| 5-room | $569,000 – $725,000 | $830,000 – $950,000 | |
| Sin Ming Residences (Bishan) | 3-room | $374,000 – $473,000 | $440,000 – $511,000 |
| 4-room | $519,000 – $665,000 | $618,000 – $800,000 | |
|
Prime Location Public Housing Model |
|||
| Alexandra Peaks (Bukit Merah) | 2-room Flexi | $218,000 – $343,000 | $455,000 – $500,000 |
| 3-room | $380,000 – $512,000 | $690,000 – $763,888 | |
| 4-room | $533,000 – $723,000 | $920,000 – $1,088,888 | |
| Ulu Pandan Vista (Queenstown) | 3-room | $430,000 – $541,000 | $655,000 – $715,000 |
| 4-room | $598,000 – $763,000 | $850,000 – $1,040,000 | |
Comparing resale prices for 4-room flats, here are the projects this Dec 2023 BTO launch with the highest resale value, from highest to lowest:
- Alexandra Peaks (Bukit Merah)–PLH
- Ulu Pandan Vista (Queenstown)–PLH
- Chai Chee Green (Bedok)–Mature estate
- Sin Ming Residences (Bishan)–Mature estate
- Jurong Arcadia (Jurong West)–Non-mature estate
- Woodlands Beacon and Urban Rise @ Woodlands (Woodlands)—Non-mature estate
- Petir Park Edge (Bukit Panjang)—Non-mature estate
Generally speaking, this is also to roughly the order for the priciest BTO projects to purchase. The projects within each category are fairly similar to each other. So, don’t just blindly apply for the likes of the Queenstown or Bukit Merah projects without considering the cost price—especially since these are also Prime Location Public Housing (PLH) model flats with tighter restrictions, as we’ll discuss in the next section.
ALSO READ: What Is The HDB Resale Price Index? 2023 Guide For Homeowners (To-Be) In Singapore
5. Which Dec 2023 BTO projects are Prime Location Public Housing (PLH)?
This Dec 2023 BTO, the Alexandra Peaks (Bukit Merah) and Ulu Pandan Vista (Queenstown) BTO projects to be under the PLH model.
The Prime Location Public Housing (PLH) is a scheme that is applied to flats in the best, most central locations. As you can expect, demand for these flats is generally higher—so HDB also jacks up their prices in turn under this scheme. On top of higher prices, PLH flats come with with longer minimum occupancy periods (MOP), stricter rental conditions, and require you to return a portion of the flat price to HDB upon resale.
So if you’re eyeing these 2 BTO projects, be prepared for the following restrictions.
- Price: PLH flats are more expensive.
- Minimum occupancy period (MOP): You have to live in the flat for 10 years instead of 5 years before you can sell the unit or buy a private residential property.
- Renting: You can’t rent your whole flat out—even after the MOP. You can only rent out spare bedrooms.
- Resale: Once you resell the flat, you have to return a percentage of the sale to HDB.
What about the new Plus category for HDB flats?
During PM Lee’s National Day Rally 2023, he announced that our BTO classification system is doing away with the “mature” and “non-mature” labels and adding a new category—Plus. Plus flats are flats in between your standard flats (pretty much what you’d understand as.non mature) and Prime flats (a.k.a. flats under the PLH model).
It’s important to know (or at least, guess) which flats will be Plus flats because they come with many of the same restrictions that Prime flats come with. However, at least for this Dec 2023 BTO sales launch, there’s no need to worry. The new HDB classification system will only be introduced from H2 2024.
6. There are 2 projects under Woodlands. How do I apply for the specific project I’m interested in?
You can’t. For HDB BTO launches, you apply to the town, not the project. Quoting HDB (see their Sales Launch FAQ Q5): “You can only submit 1 application for 1 town and 1 flat type in a sales launch.”
This also means that you have to choose whether you want to apply for a BTO flat or a Sale of Balance flat in Dec 2023, because you can’t apply for both at the same time.
In this case, the Woodlands projects are so close to each other that it doesn’t make a huge difference in terms of location. It does make a difference in terms of flat type—only the Urban Rise @ Woodlands project has 2-room Flexi and 5-room flats. If you’re set on these flat types, get to the front of your queue, and find you are only left with units from the Woodlands Beacon project, you can kiss your dream flat goodbye.
7. What penalties will I face if I don’t book an HDB BTO flat when offered?
Did you know that about 40% of BTO applicants who are invited to book a BTO flat don’t do so? Each year, that amounts to around 10,000 applicants.
It’s no wonder that HDB started tightening BTO rules from Aug 2023:
- First-timers: You’re going to be considered a second-timer for a whole year. This could greatly lower your chances of getting a BTO flat—HDB sets aside about 95% of them for first-timer families.
- If you’re a second-timer and you don’t book a flat when you can, you can’t apply again for a whole year.
What if choices are really super duper limited? HDB will close one eye if you show up for your flat booking appointment and are faced with 10 or fewer BTO flats to choose from, or 5 or fewer SBF flats to choose from. If you have more choices, you’ll still get slapped with the penalties above. You might want to consider buying a resale flat instead to avoid this stress.
8. HBB BTO 2024—When’s the next BTO launch?
It’s the end of the year, and that about wraps up the BTO season for 2023. For 2024, the first sales launch will happen in Feb 2024:
- Bedok (2-room Flexi, 4-room, 5-room)
- Choa Chu Kang (2-room Flexi, 3-room, 4-room)
- Hougang (2-room Flexi, 3-room, 4-room)
- Punggol (2-room Flexi, 3-room, 4-room, 5-room)
- Queenstown (2-room Flexi, 4-room)
- Woodlands (2-room Flexi, 3-room, 4-room, 5-room)
Once again, we’re seeing units in Queenstown and Woodlands.
Most of the finer details aren’t out yet, but we’ve heard that the Bedok units will be 2 new Bayshore BTO projects, and that they will possibly be under the new Plus model.
For more details, watch this space. We’ll cover HDB BTO 2024 locations, expected prices, application rates, and more come next year!
Know someone considering a Dec 2023 BTO? Share this article with them to help them prepare!