Nov 2022 BTO exercise is largest single launch ever with almost 10,000 units across 10 projects

23/11/2022

Homebuyers can expect 9,655 units across 10 projects in the November 2022 BTO sales launch, making it the single largest launch so far, said National Development Minister Desmond Lee on Nov 23.

“Today we launched around 10,000 BTO flats across 10 projects in both mature and non-mature estates – the single largest launch so far,” he said on his Facebook post detailing the launch, which opens today and ends Dec 1, 11:59pm.

Crossed the target of 23,000 flats

Minister Desmond Lee also added that with this launch, HDB has crossed the target of 23,000 flats committed earlier this year.

“With this launch, we have crossed this target, with HDB launching a total of 23,184 new BTO flats this year. Including the 3,023 SBF and 911 flats offered via open booking, HDB has offered a total of 27,118 flats in 2022,” he shared.

He then reiterated the PAP Government’s commitment to launch another 23,000 flats next year and up to 100,000 new flats between 2021 to 2025 if needed.

Helping families to own their first homes

This bumper crop of flats is spread across 10 projects in both mature and non-mature estates in Kallang Whampoa, Queenstown, Bukit Batok, Tengah, and Yishun.

According to HDB, around 60 per cent, or 5,861 units, is offered in non-mature estates. This makes up almost half the number of flats offered in non-mature estates in the whole of 2022.

Added Minister Lee: “To help families own their first homes, the bulk of the flats on offer in this launch are in non-mature estates, where at least 95 per cent of 4-room or larger flats are set aside for first-timers. Eligible first-time households can enjoy up to S$80,000 in housing grants when purchasing their subsidised BTO flat.”

After the Enhanced CPF Housing Grant (EHG) of up to S$80,000, eligible first-timer families can purchase a 3-room flat or a 4-room flat in Yishun from S$100,000 or S$188,000, respectively. 

Here’s a snapshot of the prices for other estates after grants.

Minister Lee’s commitment to Singaporeans remains.

“HDB is home for more than 80% of Singaporean households. With every launch, we strive to provide flats with different attributes to meet Singaporeans’ diverse budgets and needs.”

Apart from affordability and the supply of flats, HDB is also adopting newer technologies that will cut down on waiting time.

Click here for more information on the flats on offer in the November sales launch.

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