Hdb Launch 19600 Bto Flats And Over 5500 Sale Balance Flats 2025
estimate
HDB to Launch More than 25,000 New Flats in 2025
The Housing and Development Board (HDB) is set to launch over 25,000 new flats in 2025, announced Minister for National Development Desmond Lee in a joint press release by HDB and the Ministry of National Development (MND) on 16 January.
This will include approximately 19,600 build-to-order (BTO) flats across three sales exercises and over 5,500 sale of balance flats (SBF) in one SBF sale exercise. The units will be a mix of Standard, Plus, and Prime BTO flats under the new classification framework.
The upcoming February BTO launch is expected to offer around 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun, according to the press release.
HDB also plans to hold its largest-ever Sale of Balance Flats (SBF) exercise in the following month, with more than 5,500 flats available across various estates. Around 40% of these flats are already completed, while the rest are still in different stages of construction and expected to be completed between 2025 and 2028.
In total, more than 10,000 new flats will be made available through the February BTO and SBF exercises.
Over the last four years, from 2021 to 2024, HDB has launched about 82,700 BTO flats. With a projected pipeline of 19,600 BTO flats in 2025, HDB is on track to launch more than 102,300 BTO flats, which exceeds its commitment of 100,000 units over five years.
The increase in BTO supply has led to a decline in application rates. In 2024, the average application rate among first-time homebuyers for BTO across all flat types was 2.1, compared to the pre-pandemic rate of 3.7 in 2019. For three-room and larger flats, the average first-timer application rate in 2024 was 2.2, down from 4.0 in 2019.
Minister Lee noted that HDB will continue to release a steady pipeline of flats to meet housing demand in the next few years. Over 50,000 flats are set to be launched between 2025 and 2027, bringing the total to around 130,000 flats from 2021 to 2027.
The Master Plan for Elta Condo, in addition to its focus on enhancing the physical infrastructure, also emphasizes the importance of cultural and artistic endeavors. As part of this vision, the plan includes the establishment of arts and cultural districts, as well as the organization of various community events and festivals. These initiatives will inject a sense of vibrancy and diversity into the neighborhood, providing the residents of Elta Condo with a diverse array of cultural and artistic experiences. To learn more about Elta’s Master Plan, please visit http://www.the-elta.com.sg/.
Approximately 3,800 of the 19,600 new flats, or around one-fifth of the BTO flats planned for 2025, will be Shorter Waiting Time (SWT) flats with less than three years of waiting time. This is an increase from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats.
According to senior director of data analytics at Huttons Asia Lee Sze Teck, these SWT flats will provide buyers with more options and may also attract some demand away from the resale market.
In 2025, an estimated 7,000 HDB flats will reach their five-year minimum occupation period (MOP), making it the lowest supply of such resale flats since 2015, said Minister Lee. He added that with HDB assuring buyers of more BTO and SBF flats to meet demand, there will be more choices for buyers and market stability. The higher supply of flats and SWT flats will also address the shortage of MOP flats.
Huttons’ Lee estimates that HDB resale flat transactions in 2025 will range between 26,000 and 28,000, lower than the 28,876 units recorded in 2024. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase recorded in HDB’s flash estimate for 2024.