Singapore’s public housing landscape is set to see a significant expansion, with over 50,000 new HDB flats scheduled for launch between 2025 and 2027. Announced by Prime Minister and Finance Minister Lawrence Wong during the Budget 2025 speech, this move aims to reinforce affordability and accessibility for homebuyers.
The flats will be spread across various locations, including Woodlands, Bayshore, and Mount Pleasant, ensuring a diverse range of options for prospective homeowners. Additionally, for those seeking shorter waiting times, HDB will roll out 3,800 flats this year with a waiting period of less than three years.
Impact on the Market
The government’s commitment to increasing housing supply aligns with its broader efforts to stabilise resale HDB prices, which have been on an upward trend. While these supply-side measures are expected to moderate price growth, immediate relief may not be felt as demand remains high.
According to Eugene Lim, Key Executive Officer at ERA Singapore, the announcement reaffirms HDB’s earlier plans but highlights that this surge in supply will be gradual and may take time before significantly impacting price trends.
Opportunities for Buyers
The upcoming second Sale of Balance Flats (SBF) exercise later this year presents another opportunity for home seekers. Following the record-breaking 5,590 units launched in February, this additional exercise could provide another avenue for those looking for ready-built flats.
For buyers eyeing the resale market, the introduction of more BTO units could eventually help stabilise prices by balancing supply and demand. However, resale flat prices may still see some level of resilience in the near term, especially in highly sought-after estates.
Summary & Key Takeaways
✅ Over 50,000 new BTO flats to be launched between 2025 and 2027 across multiple estates.
✅ 3,800 flats with shorter waiting times (under 3 years) will be launched this year.
✅ Additional SBF exercise later this year, creating more options for homebuyers.
✅ Resale HDB prices may take time to stabilise, as demand remains strong.
✅ Buyers should assess their housing needs and explore available options before making a decision.
If you're considering your next move—whether it’s securing a BTO, SBF, or a resale flat—let’s discuss your best options. Reach out today to explore the right property strategy for you!