The Biggest BTO Launch of 2024 Is Coming

The October 2024 BTO exercise is just around the corner, and it’s time to get excited about the new housing options that will soon be available. Whether you’re a first-time buyer or looking to move into a bigger home for your growing family, this guide will help you understand what to expect and how to prepare.

All locations for the October 2024 BTO exercise

The October 2024 BTO launch promises to be one of the largest and most diverse yet, with approximately 8,500 flats available across multiple estates. These estates include:

1. Ang Mo Kio
2. Bedok
3. Bukit Batok
4. Geylang
5. Jurong West
6. Kallang/Whampoa
7. Pasir Ris
8. Sengkang
9. Woodlands

This upcoming launch offers more new flats, in more locations, than the earlier launches in February and June 2024. While February’s launch included 4,126 flats across six estates and June’s launch offered 5,074 flats (also in six estates), October’s launch will have around 8,500 flats in nine estates.

1. Ang Mo Kio – Family-friendly environment and excellent amenities

Living here, you benefit from easy access to reputable schools like Anderson Secondary School, ensuring quality education for your children. Bishan-Ang Mo Kio Park offers ample green space for recreation and relaxation, making it a favorite among residents for its serene atmosphere and outdoor activities.

2. Bedok – Vibrant community with recreational options

Bedok Reservoir Park and East Coast Park are popular spots for outdoor enthusiasts, providing opportunities for jogging, cycling, and water sports. The presence of Bedok Mall, with its variety of shopping and dining options, means you have everything you need close by, enhancing convenience and lifestyle quality.

3. Bukit Batok – Balanced lifestyle with green spaces

Little Guilin and Bukit Batok Nature Park are perfect for nature lovers, providing a peaceful escape from the city’s hustle and bustle. West Mall caters to your shopping and entertainment needs, ensuring you have access to modern conveniences.

4. Geylang – Community care apartments and rich cultural heritage

The area will include 260 Community Care Apartments (CCAs) to support seniors in aging independently. Additionally, Geylang’s rich cultural heritage and vibrant food scene, centered around Geylang Serai Market and Food Centre, make it a beloved spot for those who enjoy local cuisine and a lively atmosphere.

5. Jurong West – Dynamic and growing area

The upcoming Jurong Lake District is set to become a vibrant commercial and recreational hub, promising future growth and development. The existing Jurong Point shopping center provides a wide range of retail and dining options, making it convenient for daily needs and leisure activities.

6. Kallang/Whampoa – Innovative open-concept living spaces

This area features the pilot of the new White Flat layout with flexible, open-concept living spaces. Proximity to the Singapore Sports Hub and Kallang Wave Mall offers numerous sports, dining, and entertainment options, making it a popular choice for those who enjoy an active lifestyle and a variety of leisure activities.

7. Pasir Ris – Nature lover’s paradise

Pasir Ris Park and Downtown East offer excellent recreational facilities, from cycling and bird watching to water parks and resorts. White Sands Mall ensures that shopping and dining needs are easily met, adding to the area’s appeal for families and nature enthusiasts.

8. Sengkang – Family-centric facilities and green spaces

Sengkang Riverside Park and the Sengkang Sports Centre provide plenty of outdoor activities for all ages, fostering a healthy and active community. Compass One Mall serves your retail needs, making it a convenient location for families.

9. Woodlands – Serene environment with comprehensive amenities

Woodlands Waterfront Park is a popular spot for relaxation, offering stunning sea views and recreational facilities. Causeway Point provides a comprehensive shopping and dining experience, ensuring that residents have access to a wide range of services and entertainment options.

Roll-out of Prime, Plus, and Standard flats in Oct 2024 BTO launch

In the October 2024 sales exercise, new BTO projects will be offered as Standard, Plus, or Prime flats based on their specific locational attributes. Here’s what you need to know:

• Prime Flats: Located in highly desirable areas, these flats come with additional subsidies to keep them affordable despite their higher market values.
• Plus Flats: These are also in attractive locations and will be priced with extra subsidies to ensure affordability.
• Standard Flats: These offer the usual benefits and are suitable for a wide range of budgets.

The additional subsidies and conditions for Plus and Prime flats will be calibrated accordingly to ensure affordability while providing a variety of housing options.

New open-concept design effective by Oct 2024 BTO launch

This exercise will see the introduction of a new White Flat layout at a BTO project in Kallang/Whampoa, comprising 310 units of 3-room and 4-room flats. If you prefer an open-concept with greater flexibility in configuring your living spaces, you can opt for a contiguous living and bedroom space without pre-partitioned walls. This option will be priced accordingly, taking into account the non-provision of internal partition walls. Alternatively, you can choose the standard layout with walls if the open-concept is not your preference.

Key steps to prepare before applying for Oct 2024 BTO

1. Eligibility Check: Make sure you meet the eligibility criteria for purchasing a BTO flat. This includes factors like citizenship, age, and income ceiling.
2. Financial Planning: Assess your finances and determine your budget. Consider the down payment, monthly mortgage, and other associated costs.
3. Research: Stay updated on the details of the BTO exercise and look into the amenities, transport links, and future developments in the areas you’re interested in.
4. Apply Early: To participate in the October 2024 sales launch, ensure you have a valid HFE letter. Apply for the HFE letter early and submit all required documents by 15 September 2024.

October 2023 BTO vs October 2024 BTO: How have BTO launches changed one year later?

Project Locations and Quantity

• October 2023 BTO: Featured six projects with a total of 6,800 flats. Key areas included Kallang/Whampoa (three projects), Queenstown (one project), Choa Chu Kang (one project), and Tengah (one project).
• October 2024 BTO: The upcoming launch is expected to be larger, offering around 8,500 flats across multiple estates including Ang Mo Kio, Bedok, Bukit Batok, Geylang, Jurong West, Kallang/Whampoa, Pasir Ris, Sengkang, and Woodlands.

Flat Classifications

• October 2023 BTO: Flats were categorized mainly by their size and flexibility (e.g., 2-room Flexi, 3-Gen).
• October 2024 BTO: Introduces new classifications such as Standard, Plus, and Prime flats. These classifications are based on locational attributes and include additional subsidies to maintain affordability for Prime and Plus flats.

Special Features

• October 2023 BTO: Focused on innovative flat types like the 3-Gen flats and promoting eco-friendly living with the Tengah project.
• October 2024 BTO: Will pilot the new White Flat layout in Kallang/Whampoa, offering open-concept living spaces that provide greater flexibility in interior design.

Community Care Apartments (CCAs)

• October 2023 BTO: Included 260 Community Care Apartments (CCAs) in Geylang to support seniors in aging independently.
• October 2024 BTO: Continues this initiative with more CCA units, reinforcing the focus on senior-friendly housing options.

Market and Policy Adjustments

• October 2023 BTO: Marked by the introduction of the First-Timer Priority (FT(PMC)) policy, reserving a high percentage of larger flats in non-mature estates for first-time families.
• October 2024 BTO: Expected to maintain and possibly expand such policies to ensure equitable access to housing for young families and first-time buyers.

Anticipated Demand and Market Impact

• October 2023 BTO: High demand was observed for flats in mature estates, indicating a strong preference for central locations.
• October 2024 BTO: With more flats and new classifications, the market impact will likely include a wider distribution of demand across various estates, balancing out some of the high demand from mature estates.

HDB remains committed to providing affordable and accessible housing options. By closely monitoring housing demand and making necessary adjustments, they aim to launch a total of 100,000 flats from 2021 to 2025, ensuring that your dream of homeownership in Singapore can become a reality.

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