Over 6,000 flats launched for sale under December 2023 BTO exercise

/ EdgeProp Singapore |

December 5, 2023 6:06 PM SGT

Artist’s impression of Chai Chee Green, the BTO project in Bedok (Picture: HDB)

SINGAPORE (EDGEPROP) - HDB has launched 6,057 flats for sale under the December 2023 Build-To-Order (BTO) exercise. The flats are spread across eight projects over seven towns — Bedok, Bishan, Bukit Merah, Queenstown, Bukit Panjang, Jurong West and Woodlands. The projects located in the Bukit Merah and Queenstown fall under the Prime Location Public Housing (PLH) model.

The PLH project at Bukit Merah, Alexandra Peaks, offers 904 units of two-room flexi, three-room and four-room flats. Prices (excluding grants) start from $218,000, $380,000, and $533,000 respectively. In Queenstown, Ulu Pandan Vista has three-room and four-room apartments priced from $430,000 and $598,000 respectively.

In Bedok, Chai Chee Green sits on a site bounded by Bedok North Road and Chai Chee Lane. It offers 1,234 units, including 250 community care apartments (CCA). The CCA is a public housing assisted living concept that integrates senior-friendly housing with on-site social activities and care services. CCA are offered to seniors on leases between 15 and 35 years.

The remaining units at Chai Chee Green comprise three-room flats priced from $298,000, four-room flats from $421,000 and five-room flats from $569,000.

In Bishan, Sin Ming Residences is located along Sin Ming Road. It has 732 units of three-room and four-room flats. Prices start from $374,000 for a three-room flat and from $519,000 for a four-room flat.

In Bukit Panjang, Petir Park Edge is located at Petir Road. It has 334 units of two-room flexi and four-room flats, with prices from $110,000 and $320,000 respectively.

In Jurong West, Jurong Arcadia sits on a site bounded by Jurong West Street 42 and the Jurong River. It has 716 units comprising two-room flexi flats priced from $110,000, three-room flats from $207,000, four-room flats from $315,000 and five-room flats from $431,000.

Woodlands has two projects under the December 2023 BTO exercise – Woodlands Beacon Urban Rise @ Woodlands. Both sites are close to the Woodlands MRT Station. Together the projects offer 1,247 units spanning a mix of flat types, starting with two-room flats priced from $145,000 and going up to five-room flats from $468,000.

Woodlands Beacon, one of two projects in Woodlands under the December 2023 BTO exercise (Picture HDB)

Christine Sun, senior vice president of research & analytics at OrangeTee & Tie, believes the December BTO exercise may see a slight dip in demand compared to the previous exercise in October, as the penalties for non-selection of flats continue to discourage less serious buyers from applying. The holiday season may also contribute to a lower number of applicants, she adds.

Among the eights projects offered under the December exercise, Sun predicts the two in Woodlands could see strong demand given its proximity to Woodlands MRT Stations and Causeway Point. It also offers a varied unit mix including two-room that would appeal to singles and five-room flats that would attract families.

Sin Ming Residences in Bishan could also see healthy demand, says Lee Sze Teck, Huttons Asia’s senior director of data analytics. “Flats in Bishan are extremely popular judging from the past BTO exercises and the number of million-dollar flats,” he says. The project’s shorter completion time of under three years compared to other projects will also boost its appeal.

Lee anticipates the PLH project Alexandra Peaks in Bukit Merah will also be popular, bolstered by its location close to Redhill MRT Station and Alexandra Primary School. Similarly, Queenstown PLH project Ulu Pandan Vista will also be supported by its location close to Dover MRT Station as well as schools such as Fairfield Methodist Primary School and Henry Park Primary School.

Applications for the December BTO exercise will close on 11 Dec at 11.59pm.

Tags:

BTO exercise