55,000 BTO Flats to Launch Between 2025 and 2027 to Help Stabilise HDB Resale Prices

Singapore is set to roll out around 55,000 Build-To-Order (BTO) flats from 2025 to 2027, a 10 per cent increase from the previously announced 50,000 units. The move aims to meet growing demand for new flats while easing pressure on the resale market, according to National Development Minister Chee Hong Tat.

Of the planned launches, about 3,100 units in October 2025 will be shorter waiting time flats, with completion periods of under three years. Mr Chee explained that these faster-delivery flats provide a closer alternative to resale flats and can help to moderate resale price growth.

While acknowledging that resale flats in prime locations naturally command higher prices, he noted that buyers still have choices at different price points. For instance, four-room resale flats in towns like Tampines and Punggol with at least 70 years left on their leases can cost around $650,000 to $700,000, while similar flats in areas such as Sembawang and Yishun may be priced below $600,000.

Recent data suggests signs of cooling. The HDB resale price index rose by just 0.9 per cent in the last quarter, the slowest quarterly growth since mid-2020. Mr Chee expects further stabilisation as more flats reach their minimum occupation period (MOP) from 2026, which will increase resale supply. Around 8,000 BTO flats will reach MOP in 2025, followed by 13,500 in 2026, 15,000 in 2027, and 19,500 in 2028.

For 2025, 4,500 shorter waiting time flats will be launched, up from the earlier target of 3,800. In 2026 and 2027, about 4,000 such units will be introduced each year, compared with the previous commitment of 2,000 to 3,000 annually. So far in 2025, two BTO exercises have offered 10,579 flats, including 1,396 shorter waiting time units. In the upcoming October launch of about 9,100 flats, one-third will be shorter waiting time units.

The 55,000 flats will be spread across various estates, including new areas such as Mount Pleasant, Woodlands North Coast, Sembawang North, and the former Keppel Club site within the Greater Southern Waterfront. Each location will offer unique attributes to cater to different homebuyers.

If resale prices stabilise, the Government may consider removing the current 15-month wait-out period for private property owners looking to buy non-subsidised HDB flats.

Private housing supply is also set to increase. More than 25,000 private residential units will be launched through the Government Land Sales programme between 2025 and 2027, on top of the 45,000 homes already in the pipeline. In total, over 70,000 private homes are expected to be completed by around 2030, with about 9,800 units slated for launch in 2025 alone.

Mr Chee stressed that beyond affordability, the Government’s priorities include making housing estates safe and liveable while working with the built environment sector to improve productivity and explore new technologies. The Ministry of National Development is also monitoring global supply chain risks and diversifying sources to safeguard housing development timelines.

He added that the new flat classification system introduced in October 2024 has allowed the Government to price BTO flats in attractive locations more affordably through additional subsidies for Plus and Prime flats, ensuring they remain within reach for Singaporeans.