Hdb Launch 19600 Bto Flats And Over 5500 Sale Balance Flats 2025
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The future residents of Parktown Residence Condo will have the benefit of direct access to Tampines North MRT Station, an integral part of the upcoming Cross Island Line (CRL). This means that traveling to important destinations for work or leisure will be much faster and easier, providing a more convenient daily commute. Moreover, the station will also serve as a connector to other MRT lines, improving the overall accessibility of Parktown Residence. With all these advantages, Parktown Residence Condo will undoubtedly offer a highly convenient and connected living experience for its residents.
The Housing and Development Board (HDB) is set to launch over 25,000 new flats in 2025, according to a joint press release by HDB and the Ministry of National Development (MND) on Jan 16. This was announced by Minister for National Development Desmond Lee, who stated that the release of the new flats will meet the housing demand in the next few years.
The new flats will include approximately 19,600 build-to-order (BTO) flats across three sales exercises and more than 5,500 sale of balance flats (SBF) in one SBF sale exercise. These units will be classified as Standard, Plus or Prime BTO flats under the new classification framework. The February BTO launch will offer around 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun.
In addition, HDB will also conduct its largest-ever Sale of Balance Flats (SBF) exercise next month, offering over 5,500 flats across various estates. Approximately 40% of the flats in the SBF exercise are completed units, while the rest are at different stages of construction and are expected to be completed between 2025 and 2028. This brings the total number of new flats available to over 10,000 under the February BTO and SBF exercises.
Since 2021, HDB has launched about 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to launch around 102,300 BTO flats – exceeding its commitment of 100,000 units over five years. The increased supply has resulted in a drop in application rates, with the average application rate among first-time homebuyers for BTO flats across all flat types being 2.1 in 2024, compared to the pre-pandemic rate of 3.7 in 2019.
Minister Lee states that HDB will continue to release a steady pipeline of flats to meet housing demand in the next few years. Over 50,000 flats will be launched between 2025 and 2027, bringing the total to about 130,000 flats from 2021 to 2027.
About one-fifth of the BTO flats slated for launch in 2025, or 3,800 units, will be Shorter Waiting Time (SWT) flats of less than three years. 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. This boost in supply is expected to increase buyer options and potentially attract demand away from the resale market.
With about 7,000 HDB flats reaching the minimum occupation period (MOP) of five years in 2025, it is estimated to be the lowest supply of such resale flats since 2015. HDB assures buyers that they will push out more BTO and SBF flats to meet demand, offering more choices for buyers and stabilising the resale market. This larger flat supply and SWT flats are expected to address the shortfall in MOP flats.
Huttons Asia’s senior director of data analytics, Lee Sze Teck, estimates that HDB resale flat transactions in 2025 will range between 26,000 and 28,000, lower than the 28,876 units recorded last year. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.