facebookHDB BTO Application Rates from Feb 2024 to Jun 2024 - Seedly

Advertisement

cover-image
cover

OPINIONS

HDB BTO Application Rates from Feb 2024 to Jun 2024

With BTO demand often outpacing supply, securing a BTO flat can feel like hiking Mount Everest.

With BTO demand often outpacing supply, securing a BTO flat can feel like hiking Mount Everest. But you can give yourself an edge if you track BTO application rates, which allows you to strategically choose where and which flat types to apply for, improving your chances—especially in less competitive, non-mature estates.

Over time, you’ll start to notice patterns, like which areas are consistently oversubscribed and which ones offer more opportunity. This insight helps you plan for future launches and gives you more control over your home-buying journey.

To make things easier for you, we’ve compiled the BTO application rates for the BTO launches in 2024, from 2-room Flexi flats to 5-room flats.

Read More: The Full List of HDB BTO 2024 Projects With Location And Price

Average BTO application rates in 2024 (Feb 2024 – Jun 2024)

From Feb to Jun 2024, singles faced the highest competition for smaller flats, while families had better chances in less crowded categories.

HDB BTO application rates for Feb 2024 BTO 

Number of BTO applications for 2-room Flexi flats (as at 28 Feb 2024)

As of February 28, 2024, application rates for 2-room Flexi flats varied widely across projects. Seniors faced moderate competition, with rates ranging from 1.1 at Choa Chu Kang and Woodlands to 2.9 in Queenstown. Singles experienced the highest demand, especially in Hougang with a rate of 16.3 and in Choa Chu Kang at 9.9. For first-timer families, competition was low, with rates as low as 0.1 in Bedok and 0.0 in Punggol. Second-timer families generally saw minimal competition across projects, with rates around 1.0 or lower.

Number of applications for 3-room and bigger flats (as at 28 Feb 2024)

First-timer families faced relatively low competition for 3-room flats, with rates ranging from 0.5 in Choa Chu Kang to 1.1 in Woodlands. However, 4-room and 5-room flats were more competitive, particularly in estates like Queenstown and Bedok. Queenstown’s 4-room flats saw an application rate of 3.4 for first-timers and a staggering 73.8 for second-timers, while Bedok’s 5-room units had a high second-timer application rate of 47.2. Overall, larger flats and mature estates had the highest demand, especially among second-timer families.

HDB BTO application rates for Jun 2024 BTO

Read More: HDB BTO June 2024 Projects in Jurong East, Yishun, Woodlands & Kallang/Whampoa, Queenstown, Tampines

Number of applications for 2-room Flexi flats (as at 26 Jun 2024)

As of June 26, 2024, application rates for 2-room Flexi flats showed significant competition across various estates. Seniors saw moderate demand, with application rates ranging from 1.6 in Woodlands to 7.8 in Tampines. Singles faced steep competition, particularly in Yishun (7.0) and Jurong East (6.4), while Tampines topped the list with 9.7 for second-timer families. For first-timer families, application rates remained low across all estates, with most below 0.5, indicating better chances in this category. Queenstown and Tampines emerged as the most competitive areas for seniors, reflecting high demand in mature estates.

Number of applications for 3-room and bigger flats (as at 26 Jun 2024)

As of June 26, 2024, competition for 3-room and larger flats varied significantly by location. First-timer families had lower application rates for 3-room flats, ranging from 0.6 in Woodlands to 1.7 in Yishun, offering relatively better chances. However, competition increased for 4-room and 5-room flats, especially in mature estates. Queenstown and Tampines stood out with high demand—Queenstown’s 4-room flats had an application rate of 6.6 for first-timers and 72.8 for second-timers, while Tampines saw even higher rates, with 8.2 for 4-room and 8.5 for 5-room flats. Second-timers in Tampines faced intense competition, with 108.6 applicants per 5-room flat.

Why should you monitor BTO application rates?

1. BTO application rates indicate demand

The application rate of a BTO project gives you a clear picture of how competitive it will be. Higher application rates mean may more competition and lower chances of securing a flat. In mature estates like Queenstown or Tampines, where the rates are consistently high, your odds of success may be slimmer. On the other hand, non-mature estates like Woodlands or Jurong East often see more moderate demand, making them a more viable option.

2. Lower BTO application rates give you better chances

When you apply for projects with lower application rates, especially in non-mature estates, your chances of being shortlisted for balloting improve significantly. For instance, in February 2024, 3-room flats in Choa Chu Kang had an application rate of just 0.5 for first-timer families, offering a much better opportunity than in high-demand areas like Hougang or Bedok.

3. Strategic timing of your BTO application for success

BTO application rates fluctuate between launches, and by monitoring these rates closely, you can plan your application for when competition is lower. Timing your submission strategically could make all the difference in getting shortlisted for the flat you want.

4. Government adjustments might mean higher BTO supply

The government regularly adjusts the supply of BTO flats based on demand. If application rates are consistently high in certain areas, more units might be released in future launches. By staying on top of these trends, you can anticipate when and where additional units might become available, giving you another chance to secure a flat in a high-demand area.

Tracking BTO application rates is about giving yourself the best possible shot at finding a home that suits your needs and priorities. You’ll approach the process with more confidence, knowing that you’re making the right decisions for you and your future.

Don’t want to wait for a BTO flat? Hundreds of resale HDB and condo listings are waiting for you!

Download our app to browse verified listings verified. No duplicates, no fakes, no scams. And you’ll also get a comprehensive market report, including past transactions and price trends in your area.

Comments

What are your thoughts?

View 1 other comments

ABOUT ME

Your one-stop property solution: Buy. Sell. Rent. Renovate. We’ve got you covered.

Advertisement

💬 Comments (0)
What are your thoughts?

No comments yet.
Be the first to share your thoughts!