New HDB flats: BTO and SBF launches
What's coming up, what was launched recently, and how BTO prices compare with resale prices in the same town.
Upcoming
November 2026 BTO exerciseNovember 2026
About 7,960 flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh, Yishun
- Exact application dates are not yet announced.
- Community Care Apartments for seniors will also be offered in Toa Payoh.
- Moved from October so that households newly within the raised income ceilings ($16,000 for families, $8,000 for singles) could get an HFE letter first.
- A valid HDB Flat Eligibility (HFE) letter is needed to apply. HDB asked applicants to submit their HFE documents by 25 September 2026.
- Project names, classifications (Standard, Plus or Prime) and prices will be released at the launch.
Source: HDB announcement, 30 Sep 2026
Sale of Balance Flats (SBF)Not yet announced
- The last SBF exercise ran alongside the February 2026 BTO exercise, with 4,320 balance flats across Singapore, close to 1 in 5 of them already completed.
- From the February 2027 sales exercise, first-timer families with or expecting children get one extra ballot chance for each Singapore Citizen child aged 18 and below, in both BTO and SBF.
Source: HDB announcement, 22 Aug 2026
Recent exercises
June 2026 BTO exercise 16 Jun 2026 · 6,952 flats
7 projects in Ang Mo Kio, Bishan, Bukit Merah, Sembawang and Woodlands, including the first BTO project in Lakeview. 2,035 flats at Sembawang Portico and Sembawang Brook had waits under 3 years. The Third Child Priority Scheme quota rose from up to 5% to up to 10% of flats.
| Project | Town | Class | Subsidy recovery on resale |
|---|---|---|---|
| Sembawang Portico | Sembawang | Standard | – |
| Sembawang Brook | Sembawang | Standard | – |
| Woodgrove Acres | Woodlands | Standard | – |
| Kebun Baru Ridge | Ang Mo Kio | Plus | 8% |
| Kebun Baru Breeze | Ang Mo Kio | Plus | 8% |
| Lakeview Cascadia | Bishan | Prime | 10% |
| Berlayar Rise | Bukit Merah | Prime | 14% |
| Flat | From | From, with grants |
|---|---|---|
| 3-room Standard (Sembawang) | $250,000 | $145,000 |
| 4-room Standard (Sembawang) | $302,000 | $222,000 |
| 5-room Standard (Sembawang) | $420,000 | $365,000 |
Source: HDB announcement. “With grants” assumes the maximum Enhanced CPF Housing Grant for first-timer families.
February 2026 BTO and SBF exercises 3 Feb 2026 · 9,012 flats
4,692 BTO flats in 6 projects in Bukit Merah, Sembawang, Tampines and Toa Payoh, plus 4,320 balance flats islandwide in the SBF exercise. About 8 in 10 of the BTO flats had waits under 4 years.
| Project | Town | Class | Subsidy recovery on resale |
|---|---|---|---|
| Sembawang Voyage | Sembawang | Standard | – |
| Sembawang Deck | Sembawang | Standard | – |
| Tampines Bliss | Tampines | Standard | – |
| Tampines Nova | Tampines | Plus | 6% |
| Kim Keat Crest | Toa Payoh | Plus | 6% |
| Redhill Peaks | Bukit Merah | Prime | 12% |
| Flat | From | From, with grants |
|---|---|---|
| 3-room Standard (Sembawang) | $261,000 | $156,000 |
| 4-room Standard (Sembawang) | $304,000 | $224,000 |
| 4-room Standard (Tampines) | $481,000 | $401,000 |
Source: HDB announcement. “With grants” assumes the maximum Enhanced CPF Housing Grant for first-timer families.
HDB announcements
- 30 Sep 2026 Resale prices slip 0.2% in Q3 flash estimate with 7,960 BTO flats in November. HDB's Q3 2026 flash Resale Price Index fell 0.2%, marking three straight quarters of decline. About 7,960 BTO flats across six towns will launch in the November 2026 sales exercise. Read on hdb.gov.sg
- 30 Sep 2026 Tender closes for Canberra Drive executive condominium site. HDB released provisional tender results for the executive condominium housing site at Canberra Drive, originally launched for tender in May 2026. Read on hdb.gov.sg
- 24 Sep 2026 HDB expands construction robotics and hoists across BTO sites. Smart hoists will be deployed at about half of BTO construction sites tendered from 2027, alongside expanded trials of floor screeding robots across multiple projects. Read on hdb.gov.sg
- 23 Sep 2026 Berlayar and Mount Pleasant BTO designs recognised at HDB Awards. Berlayar Residences and Mount Pleasant Crest were among 30 housing projects honoured for distinctive architectural and landscape design at the HDB Awards 2026. Read on hdb.gov.sg
- 21 Sep 2026 CPF 4% floor on Special, MediSave and Retirement accounts extended through 2027. The 4% interest rate floor on CPF Special, MediSave and Retirement Account balances has been extended for another year through 31 December 2027 to provide stable retirement returns. Read on hdb.gov.sg
- 22 Aug 2026 Income ceilings raised to $16,000 for families and $8,000 for singles, for HFE letters applied for from 24 August 2026. The October BTO exercise moves to November. Read on hdb.gov.sg
Summarised in our own words from HDB's media releases. HDB's own pages are the official word. All HDB news →
Ways to buy a new flat
Build-To-Order (BTO)Flats offered before they're built, in sales exercises a few times a year. Applicants are balloted, and most waits are 3 to 5 years.
Sale of Balance Flats (SBF)Leftover and returned flats from earlier projects, some already completed. Also balloted, usually with a shorter wait.
Open bookingFlats still unsold after a BTO or SBF exercise, booked first-come-first-served without a ballot.
For the current exercise, application dates and the flats on offer, see the HDB Flat Portal.
BTO prices (FY2024) against resale prices today
| Town | Flat type | BTO price range | After grants | Resale median now | Resale vs BTO |
|---|---|---|---|---|---|
| Bukit Batok FY2024 | 2-room | $140k – $217k | $20k – $97k | $380k 88 sales |
n/a¹ |
| Bukit Batok FY2024 | 3-room | $247k – $329k | $142k – $224k | $415k 316 sales |
+44% |
| Bukit Batok FY2024 | 4-room | $335k – $445k | $255k – $365k | $630k 575 sales |
+62% |
| Bukit Batok FY2024 | 5-room | $496k – $597k | $441k – $542k | $810k 296 sales |
+48% |
| Bukit Panjang FY2023 | 2-room | $110k – $190k | $30k – $110k | $380k 11 sales |
n/a¹ |
| Bukit Panjang FY2023 | 4-room | $320k – $426k | $260k – $366k | $570k 363 sales |
+53% |
| Choa Chu Kang FY2023 | 2-room | $102k – $168k | $22k – $88k | $382k 14 sales |
n/a¹ |
| Choa Chu Kang FY2023 | 3-room | $202k – $272k | $127k – $197k | $442k 68 sales |
+86% |
| Choa Chu Kang FY2023 | 4-room | $300k – $437k | $240k – $377k | $555k 490 sales |
+51% |
| Choa Chu Kang FY2023 | 5-room | $463k – $595k | $418k – $550k | $670k 335 sales |
+27% |
| Hougang FY2023 | 2-room | $136k – $177k | $56k – $97k | $385k 38 sales |
n/a¹ |
| Hougang FY2023 | 3-room | $247k – $294k | $172k – $219k | $450k 247 sales |
+66% |
| Hougang FY2023 | 4-room | $371k – $432k | $311k – $372k | $619k 563 sales |
+54% |
| Jurong East FY2022 | 2-room | $97k – $170k | $17k – $90k | $352k 11 sales |
n/a¹ |
| Jurong East FY2022 | 3-room | $194k – $245k | $119k – $170k | $409k 172 sales |
+86% |
| Jurong East FY2022 | 4-room | $283k – $388k | $223k – $328k | $550k 134 sales |
+64% |
| Jurong West FY2024 | 2-room | $109k – $194k | $6k – $74k | $360k 27 sales |
n/a¹ |
| Jurong West FY2024 | 3-room | $209k – $306k | $104k – $201k | $393k 286 sales |
+53% |
| Jurong West FY2024 | 4-room | $290k – $434k | $210k – $354k | $535k 567 sales |
+48% |
| Jurong West FY2024 | 5-room | $427k – $598k | $372k – $543k | $635k 432 sales |
+24% |
| Pasir Ris FY2024 | 2-room | $194k – $288k | $74k – $168k | $415k 9 sales |
n/a¹ |
| Pasir Ris FY2024 | 3-room | $329k – $411k | $224k – $306k | $607k 22 sales |
+64% |
| Pasir Ris FY2024 | 4-room | $481k – $595k | $401k – $515k | $635k 300 sales |
+18% |
| Pasir Ris FY2024 | 5-room | $635k – $736k | $580k – $681k | $730k 229 sales |
+6% |
| Punggol FY2023 | 2-room | $131k – $221k | $51k – $141k | $398k 121 sales |
n/a¹ |
| Punggol FY2023 | 3-room | $242k – $296k | $167k – $221k | $545k 177 sales |
+103% |
| Punggol FY2023 | 4-room | $318k – $429k | $258k – $369k | $680k 827 sales |
+82% |
| Punggol FY2023 | 5-room | $464k – $582k | $419k – $537k | $783k 460 sales |
+50% |
| Sembawang FY2020 | 2-room | $92k – $122k | $12k – $42k | $379k 88 sales |
n/a¹ |
| Sembawang FY2020 | 3-room | $163k – $189k | $88k – $114k | $520k 93 sales |
+195% |
| Sembawang FY2020 | 4-room | $260k – $302k | $200k – $242k | $600k 377 sales |
+114% |
| Sembawang FY2020 | 5-room | $336k – $388k | $291k – $343k | $640k 227 sales |
+77% |
| Sengkang FY2024 | 2-room | $126k – $240k | $7k – $120k | $388k 70 sales |
n/a¹ |
| Sengkang FY2024 | 3-room | $277k – $370k | $172k – $265k | $543k 129 sales |
+68% |
| Sengkang FY2024 | 4-room | $324k – $474k | $244k – $394k | $640k 826 sales |
+60% |
| Sengkang FY2024 | 5-room | $465k – $640k | $410k – $585k | $700k 566 sales |
+27% |
| Tengah FY2023 | 2-room | $114k – $202k | $34k – $122k | too few | n/a¹ |
| Tengah FY2023 | 3-room | $232k – $309k | $157k – $234k | too few | – |
| Tengah FY2023 | 4-room | $350k – $467k | $290k – $407k | too few | – |
| Tengah FY2023 | 5-room | $454k – $607k | $409k – $562k | too few | – |
| Woodlands FY2024 | 2-room | $140k – $251k | $20k – $131k | $378k 33 sales |
n/a¹ |
| Woodlands FY2024 | 3-room | $275k – $363k | $170k – $258k | $410k 199 sales |
+29% |
| Woodlands FY2024 | 4-room | $329k – $528k | $249k – $448k | $550k 860 sales |
+28% |
| Woodlands FY2024 | 5-room | $486k – $661k | $431k – $606k | $655k 517 sales |
+14% |
| Yishun FY2024 | 2-room | $108k – $181k | $6k – $61k | $363k 49 sales |
n/a¹ |
| Yishun FY2024 | 3-room | $245k – $295k | $140k – $190k | $433k 402 sales |
+60% |
| Yishun FY2024 | 4-room | $316k – $395k | $236k – $315k | $550k 763 sales |
+55% |
| Yishun FY2024 | 5-room | $447k – $533k | $392k – $478k | $690k 252 sales |
+41% |
BTO ranges are HDB's selling prices for flats offered in each town in its latest financial year with data. “After grants” is HDB's own figure net of the housing grants for eligible first-timer families, where published. The resale median covers the same flat type in the same town over the last 12 months. “Resale vs BTO” compares the resale median with the middle of the BTO range. HDB publishes this table for non-mature towns only. ¹ New 2-room flats are 2-room Flexi, which can be bought on short leases, so they aren't compared with resale 2-rooms.
New flats booked each year
Flats booked by buyers in each financial year (April to March), from HDB's annual figures.