Hdb Launch 19600 Bto Flats And Over 5500 Sale Balance Flats 2025
estimates
Huge HDB Flat Launch Planned for 2025
Minister for National Development Desmond Lee recently announced that the Housing and Development Board (HDB) will be launching over 25,000 new flats in 2025. This was revealed in a joint press release by HDB and the Ministry of National Development (MND) on January 16.
The upcoming launch will consist of approximately 19,600 Build-To-Order (BTO) flats in three sales exercises, as well as more than 5,500 Sale of Balance Flats (SBF) in one SBF sale exercise. These flats will fall under the new classification framework and will be a mix of Standard, Plus, and Prime BTO flats.
In February, HDB will be offering around 5,000 flats in popular locations such as Kallang/Whampoa, Queenstown, Woodlands, and Yishun. This launch will include both BTO and SBF flats.
Furthermore, HDB will also be conducting its biggest SBF exercise to date in February, with over 5,500 flats available across various estates. About 40% of these flats are already completed units, while the remaining are at different stages of construction and are expected to be completed between 2025 and 2028.
In total, more than 10,000 new flats will be made available through the February BTO and SBF launches.
In the last four years, from 2021 to 2024, HDB has launched approximately 82,700 BTO flats. With the planned pipeline of 19,600 BTO flats in 2025, HDB is on track to exceed its commitment of 100,000 units over five years by launching around 102,300 BTO flats.
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The increase in BTO supply has led to a decrease in application rates. In 2024, the average application rate for BTO flats among first-time homebuyers was 2.1, compared to 3.7 in 2019 before the pandemic. The average application rate for three-room and larger flats in 2024 was 2.2, down from 4.0 in 2019.
Minister Lee reassures that HDB will continue to release a steady pipeline of flats to meet housing demand in the coming years. In fact, over 50,000 flats will be launched between 2025 and 2027, bringing the total number of flats launched from 2021 to 2027 to around 130,000.
Out of the 19,600 new flats planned for launch in 2025, approximately 3,800 will be Shorter Waiting Time (SWT) flats with a waiting time of less than three years. This is an increase from the 2,876 SWT flats offered in 2024 and exceeds the annual supply of 2,000 to 3,000 SWT flats promised by HDB.
According to senior director of data analytics at Huttons Asia, Lee Sze Teck, the SWT flats will provide buyers with more options and could potentially attract demand away from the resale market. Lee estimates that approximately 7,000 HDB flats will reach their five-year Minimum Occupation Period (MOP) in 2025, which is the lowest supply of such resale flats since 2015. He believes that this larger supply of flats and SWT flats will help to address the shortage of MOP flats.
With HDB assuring buyers of more BTO and SBF flats to meet demand, Lee forecasts that there will be between 26,000 to 28,000 HDB resale flat transactions in 2025, which is lower than the 28,876 units sold in 2024. He also expects resale flat prices to see a slower growth rate of 5% to 8% this year, compared to the 9.6% increase seen in HDB’s flash estimate for 2024.