The BTO project in Toa Payoh (pictured) located near Caldecott MRT Station is also expected to be one of the popular sites in October (Photo: Samuel Isaac Chua/EdgeProp Singapore)
HDB launched 6,952 flats across seven Build-to-Order (BTO) projects in its June 2026 sales exercise on June 17, bringing total BTO supply in the first half of the year to 11,644 flats.
Analysts expect demand to remain robust, particularly for projects in Bishan, Bukit Merah and Ang Mo Kio, where new public housing supply is limited and the locations offer strong connectivity, established amenities and proximity to popular schools.
Projects in Sembawang and Woodlands, meanwhile, may offer applicants better odds, given their distance from MRT stations and the wider supply of new flats in the northern region.
Read also: June BTO launch to offer 6,900 flats, with nearly half expected to be Prime units
Kelvin Fong, CEO of PropNex, estimates that the overall application rate for the June 2026 BTO exercise will be around 3.1 to 3.5 times, broadly comparable to the 3.2 times recorded in the February 2026 exercise.
The June launch also includes 2,520 flats with shorter waiting times (SWT) of around three years, across Kebun Baru Ridge, Sembawang Brook and Sembawang Portico, notes Lee Sze Teck, senior director of data analytics at Huttons Asia.
Together with the 1,316 SWT flats offered in February, around 3,800 such flats have been launched so far this year, putting HDB on track to meet its target of more than 4,000 shorter-waiting-time flats in 2026, estimates Eugene Lim, key executive officer of ERA Singapore.
Of the flats launched in the June 2026 BTO, 3,170 (46.2%) are Prime flats, 1,050 (15.3%) are Plus flats, and 2,640 (38.5%) are Standard flats. “This marks the lowest supply of Standard flats since HDB introduced the Prime, Plus and Standard classification framework,” notes Huttons’ Lee.
Lakeview Estate (pictured) in the Upper Thomson Area, which hasn't seen a new BTO launch in over 40 years (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Demand is expected to be strongest at Lakeview Cascadia in Bishan, the first public housing project in the Lakeview-Upper Thomson area in more than 40 years.
The project is near Marymount MRT Station on the Circle Line, with established amenities such as Shunfu Mart and Thomson Plaza nearby. It is also close to schools, including Catholic High School, Kuo Chuan Presbyterian Primary School and Raffles Institution.
Read also: Oct 2025 BTO launch draws over 31,000 applicants, with Bukit Merah projects leading demand
ERA’s Lim says Lakeview Cascadia could emerge as the standout project in the June exercise, given Bishan’s popularity and the scarcity of new flat supply in the Upper Thomson subzone.
The project carries a 10% subsidy recovery rate, but analysts say this is unlikely to deter applicants, given its location and price gap relative to resale flats in Bishan.
While HDB has yet to release indicative prices, analysts expect Lakeview Cascadia to command some of the highest prices in the June exercise, given its Prime classification and Bishan location.
Even so, the flats are expected to be significantly cheaper than comparable resale flats in the area, which could help sustain strong demand. Based on Jan-May 2026 HDB resale data from data.gov.sg, a four-room resale flat aged 10 to 20 years costs around $1.25 million in Bishan, compared to $990,000 in Toa Payoh and $959,000 in Ang Mo Kio.
Furthermore, older resale flats in Bishan that are above 40 years are transacting at around $765,000, according to Christine Sun, chief researcher and strategist at Realion (OrangeTee & Edmund Tie) Group.
The 1,976-unit project is the second BTO project at the former Keppel Club site in the Greater Southern Waterfront, after Berlayar Residences (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Berlayar Rise is also expected to draw strong interest. The 1,976-unit project is the second BTO project at the former Keppel Club site in the Greater Southern Waterfront, after Berlayar Residences.
Read also: Outlook positive for 2021 property market
Its location next to Telok Blangah MRT Station on the Circle Line makes it one of the most attractive public housing sites in the area, says Huttons’ Lee.
The project is also near the future Telok Blangah market and hawker centre, with retail amenities one MRT stop away at HarbourFront and Labrador Park.
Previously, Berlayar Residences and Redhill Peaks achieved a combined application rate of 4.7, with 8,890 applicants vying for 1,901 new flats, notes PropNex’s Fong.
The high subsidy recovery rate of 14% is likely due to the site’s strong connectivity and the potential growth benefits that will arise when the Greater Southern Waterfront precinct is fully developed, he notes.
Kebun Baru Ridge is expected to see stronger interest as it is closer to Mayflower MRT Station and CHIJ St Nicholas (file picture), and offers a shorter waiting time of about three years and one month (Photo: Samuel Isaac Chua/EdgeProp Singapore)
The two Ang Mo Kio projects — Kebun Baru Ridge and Kebun Baru Breeze — are expected to appeal to younger couples and families with school-going children.
Both projects are classified as Plus flats and carry a subsidy recovery rate of 8%. They are near Mayflower MRT Station on the Thomson-East Coast Line and are within 1km of CHIJ St Nicholas Girls’ School, as well as other primary schools, including Ang Mo Kio Primary School and Mayflower Primary School.
Kebun Baru Ridge is expected to see stronger interest as it is closer to Mayflower MRT Station and CHIJ St Nicholas, and offers a shorter waiting time of about three years and one month. ERA’s Lim expects the three- and four-room flats at Kebun Baru Ridge to see stronger demand, especially from first-timer households with young children.
Sembawang Brook and Sembawang Portico are located in Sembawang North, a new housing area where HDB has launched close to half of the planned 8,000 flats.
The projects offer shorter waiting times, which could appeal to buyers who need a home sooner. However, their distance from an MRT station is likely to keep demand more measured.
Huttons’ Lee expects the application rate among first-timer applicants to be below one. He is expecting prices for four-room flats to start from $330,000.
Still, the projects could appeal to those seeking a “tranquil, near-to-nature living environment”, notes Realion’s Sun.
Woodgrove Acres in Woodlands could appeal to applicants with family ties in the area or buyers seeking a more affordable entry point into a regional centre (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Woodgrove Acres is the second BTO project in the Woodgrove area of Woodlands, after Woodgrove Edge in February 2024.
The project could appeal to applicants with family ties in the area or buyers seeking a more affordable entry point into a regional centre. However, the nearest MRT stations — Marsiling, Woodlands and Woodlands South — are more than 1km away.
Analysts expect demand to be decent but moderated by the volume of new BTO supply in Woodlands since 2025.
HDB’s final BTO exercise of the year, in October, will offer around 7,960 flats across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun.
More than half of the flats in the October exercise will be in mature estates, continuing the trend of increasing public housing supply in established locations where resale flats often command a premium, says Mohan Sandrasegeran, head of research and data analytics at SRI.
Toa Payoh is expected to be one of the most popular projects. The site is next to Caldecott MRT Station and near schools such as CHIJ Toa Payoh Primary School and Marymount Convent School. Given its location, ERA’s Lim expects it to be classified as a Prime project with a subsidy recovery rate of around 10% to 14%.
The Bedok projects in Bayshore are also expected to draw strong interest, particularly from singles, as nearly half of the 2,500 flats are expected to be two-room flexi units. The projects will benefit from proximity to Bayshore MRT Station and the ongoing transformation of the new precinct.
Huttons’ Lee estimates four-room flats could start from around $520,000, while Realion’s Sun expects pricing to be broadly comparable to Ping Yi Court, where four-room flats started at about $500,000.
The Geylang project, expected to be classified as Plus, could also see keen competition. With only about 440 flats, it is the smallest project in the October exercise and is within walking distance of Mattar MRT Station. Sun estimates four-room flats could start from around $550,000.
It has been three years since the last BTO project was launched in Tengah (Photo: Samuel Isaac Chua/EdgeProp Singapore)
By contrast, projects in Sembawang North, Tengah and Yishun may offer applicants better chances. Sembawang North and Tengah are likely to appeal to buyers seeking more affordable flats or larger unit types (five-room), while the Chencharu project in Yishun may attract families drawn to greenery, reservoir views and proximity to Khatib MRT Station.
It has been three years since the last BTO project was launched in Tengah, notes Huttons' Lee. The last project launch was in October 2023, with 1,010 units offered for Plantation Edge I & II. The Tengah BTO is close to amenities, including the retail mall at Hong Kah MRT Station and Tengah Park MRT Station.
Lee expects four-room flats in Sembawang North to start from around $330,000, while four-room flats in Tengah could start from $360,000.
“The October BTO exercise reflects HDB's continued efforts to provide a balanced supply of housing options across different locations and buyer profiles, ranging from young families seeking homes in established estates to households looking to benefit from the long-term growth potential of emerging precincts,” says Sandrasegeran.