The Housing and Development Board (HDB) has launched 4,126 flats for sale under the February Build-To-Order (BTO) exercise. These flats are spread across seven projects in six estates: Queenstown, Bedok, Choa Chu Kang, Hougang, Punggol, and Woodlands. This exercise is the first of three launches scheduled for 2024, with a total of 19,600 new flats set to be launched.
- 80% of the BTO flats have a waiting time of less than 3½ years.
- 1,588 units are available under the Sale of Balance Flats (SBF) exercise for February.
- One project in Queenstown falls under the Prime Location Public Housing (PLH) model.
- The Bedok North Springs project is expected to draw strong interest due to its location near Bedok Reservoir MRT Station.
- The Punggol project is expected to see pent-up demand as the last BTO launch in the area was over four years ago.
- The Woodlands BTO project is expected to be popular due to its proximity to schools.
- The Tanglin Halt Courtyard project in Queenstown may attract former residents due to ongoing redevelopment in the area.
The February BTO exercise offers a variety of flats across different estates, catering to the diverse needs of homebuyers. The availability of flats with shorter waiting times is likely to attract young couples and families looking for immediate housing solutions. The PLH model in Queenstown aims to provide affordable housing in prime locations, although its success may depend on factors such as pricing and resale restrictions.
Stay updated on future BTO launches and housing policies by reaching out to your local real estate agent or visiting the HDB website.