October BTO exercise sees 9,144 flats launched for sale, including first projects in Mount Pleasant and Berlayar
Artist's impression of Berlayar Residences (Picture: HDB)
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HDB has launched 9,144 flats for sale under the October 2025 Build-To-Order (BTO) exercise. The flats are spread across 10 projects located in eight towns: Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh and Yishun. Applications for the flats will close on Oct 22.
The exercise includes the first project in the new Mount Pleasant estate in Toa Payoh, as well as the first project in the Berlayar estate in Bukit Merah. Both projects have been classified as Prime projects.
In addition, a total of 3,294 flats, located across four projects in Yishun, Sengkang and Bedok, are Shorter Waiting Time (SWT) flats that will be completed in less than three years.
In a press release, HDB states that the final BTO exercise of the year brings the number of new flats launched for sale to 29,975 units in 2025, comprising 19,723 BTO flats and 10,252 Sale of Balance Flats (SBF). “This brings the total BTO supply from 2021 to 2025 to about 102,400 flats, exceeding our earlier commitment of 100,000 new flats over the five-year period,” the agency adds.
Going into 2026, HDB says the next BTO exercise in February will launch about 4,600 flats for sale in Bukit Merah, Sembawang, Tampines, and Toa Payoh. Concurrently, an SBF exercise will offer about 3,000 flats. “From 2025 to 2027, we will launch about 55,000 flats, up from our earlier commitment of 50,000 flats, to meet housing demand,” the release states.
Berlayar Residences: First BTO project in Greater Southern Waterfront
In Berlayar, Berlayar Residences will be the first BTO project in the up-and-coming estate located on the former Keppel Club site. “These will be the first BTO flats released in the Greater Southern Waterfront and we expect demand to be high,” says Christine Sun, chief researcher and strategist at Realion (OrangeTee & ETC) Group.
The project has 880 units of two-room flexi to four-room flats across three residential blocks. A fourth block will house rental flats. The blocks range from 19 to 46 storeys. “Flats on the top floors may have unblocked views of the sea or the city,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.
The project is within walking distance of the Telok Blangah MRT Station. It has an estimated waiting time of 56 months, or over 4½ years. Prices excluding grants for the flats start from $183,000 for a two-room flexi, $420,000 for a three-room and $541,000 for a four-room.
Flats at the project will be subject to a subsidy clawback rate of 14%, which is the highest so far for Prime projects, notes Eugene Lim, key executive officer at ERA Singapore. He attributes the steeper rate to the high prices of resale flats in the vicinity. “[Berlayar Residences’] starting price of $541,000 for a four-room flat is 56.7% lower than the lowest transacted resale flat nearby,” he observes.
Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI), says the high clawback rate for the project is not unexpected, given its “exceptional location and transformative potential of the surrounding precinct”.
Mount Pleasant Crest: First project in new estate in Toa Payoh
Strong demand is also anticipated for Mount Pleasant Crest, the BTO project in Toa Payoh. Offering 1,348 units, it will be the first BTO in Mount Pleasant, a new estate on the site of the Old Police Academy. “The project is likely to be popular as it is situated next to the upcoming Mount Pleasant MRT Station,” says Realion’s Sun.
Artist's impression of Mount Pleasant Crest (Picture: HDB)
Units offered range from two-room flexi to four-room flats across three blocks that stand at 40, 45 and 46 storeys. The project will also offer a white flat layout, where flat buyers can choose to have an open layout with a contiguous living and bedroom space without partition walls. The project has an estimated waiting time of 59 months.
Prices for the units start from $209,000 for a two-room flexi, $411,000 for a three-room, and $558,000 for a four-room. The subsidy clawback rate for the Prime project is 12%. “This is slightly higher than the 11% rate seen at Toa Payoh Ascent in the July 2025 BTO exercise,” observes ERA’s Lim.
Still, he expects Mount Pleasant Crest to be well-received, similar to the response for Toa Payoh Ascent. “Despite the higher recovery rate and longer minimum occupation period, it still recorded application rates of 2.0 and 6.4 for 3- and 4-room flats, respectively, among first-timers.”
Bishan Terraces and Redhill Peaks: Prime projects close to MRT stations
Apart from Berlayar Residences and Mount Pleasant Crest, there are two more Prime projects in the October BTO exercise: Bishan Terraces in Bishan and Redhill Peaks in Bukit Merah.
Artist's impression of Bishan Terraces (Picture: HDB)
Bishan Terraces is located on Bishan Street 12. Comprising two 38-storey blocks, it offers 538 units of two-room flexi to four-room flats. There will also be 50 rental flats. The project is a short walk to the Bishan town centre and the Bishan MRT Interchange (North-South and Circle Lines). “With the upcoming transformation plans for Bishan sub-regional centre, Bishan will see the injection of more amenities, office space and homes,” adds Huttons’ Lee.
Lee notes that the last BTO project within the vicinity of Bishan MRT Station was Bishan Ridges, which launched in November 2020. The project saw an application of 5.1 for four-room flats among first-timers.
Prices for flats at Bishan Terraces start from $229,000 for a two-room flexi, $408,000 for a three-room and $543,000 for a four-room. The project has a subsidy clawback rate of 10% and an estimated waiting time of 47 months.
Artist's impression of Redhill Peaks (Picture: HDB)
Redhill Peaks is located at the corner of Redhill Close and Jalan Bukit Merah, close to the Redhill MRT Station. It has three towers of 40 to 49 storeys housing 1,021 units of two-room flexi and four-room flats. It has a waiting time of 53 months, and flats are subjected to a subsidiary recovery percentage of 12%. Prices for the units start from $183,000 for a two-room flexi and $541,000 for a four-room.
The project’s location places it close to several amenities, including multiple markets, hawker centres and supermarkets. “We anticipate many young families applying here as the project is close to Alexandra Hill Primary School, Gan Eng Seng Primary School and Zhangde Primary School,” adds Realion’s Sun.
For Huttons’ Lee, the project offers buyers a more affordable option compared to the resale market. “As of Oct 1, the Bukit Merah estate has the second highest number of million-dollar flats at 170,” he points out.
Other projects
The remaining projects in the October BTO exercise are spread across Ang Mo Kio, Yishun, Bedok, Jurong East and Sengkang.
Artist's impression of Oak Ville @ AMK (Picture: HDB)
In Ang Mo Kio, Oak Ville @ AMK, a 1,425-unit project along Ang Mo Kio Avenue 5 and Ang Mo Kio Street 81, is the largest project in the October exercise, as well as the only one categorised as Plus. It has two-room flexi to four-room flats, with an estimated waiting time of 49 months. Prices for the units start from $194,000 for a two-room flexi, $340,000 for a three-room and $514,000 for a four-room. The flats are subject to a subsidy clawback rate of 7%.
In Yishun, Yishun Glade and Chencharu Grove will offer a total of 1,395 Standard flats. Yishun Glade, at the corner of Yishun Street 31 and Yishun Ring Road, will have 569 units of two-room flexi and four-room flats. Chencharu Grove has 826 units that range from two-room flexi to five-room flats. It is near to Khatib MRT Station.
Both are SWT projects, with wait times of 31 months. Prices for the flats start from $132,000 for a two-room flexi, $295,000 for a three-room, $343,000 for a four-room and $510,000 for a five-room.
In Bedok, Ping Yi Court, located along Chai Chee Street, offers 862 Standard flats. Units comprise two-room flexi to five-room flats. It also has 3Gen flats, which are units designed for multigenerational living that come with four bedrooms, including two with attached bathrooms.
Prices for the flats start from $201,000 for a two-room flexi, $353,000 for a three-room, $498,000 for a four-room, $715,000 for a five-room, and $782,000 for a 3Gen. The SWT project has an estimated waiting time of 33 months.
Artist's impression of Teban Heights (Picture: HDB)
In Jurong East, Teban Heights offers 538 units of two-room flexi to 3Gen flats. The Standard project, located close to Pandan Reservoir, has a waiting time of 48 months. Prices start from $145,000 for a two-room flexi, $254,000 for a three-room, $397,000 for a four-room, $576,000 for a five-room and $613,000 for a 3Gen. The project is close to the upcoming Pandan Reservoir MRT Station on the Jurong Region Line, which is slated to be completed in 2028.
In Sengkang, Fernvale Plains has 1,037 Standard flats comprising two-room flexi, four-room and five-room flats as well as Community Care Apartments (CCA) aimed at seniors. The SWT project has a waiting time of 32 months. It is adjacent to the Kupang LRT Station.
Prices start from $162,000 for a two-room flexi, $344,000 for a four-room, and $466,000 for a five-room. CCA units, which are offered on a 30-year lease, are priced from $88,000 before grants.
February 2026 BTO exercise
The next BTO sales exercise in February will see about 4,600 flats across six projects in Bukit Merah, Sembawang, Tampines and Toa Payoh launched for sale. HDB will also conduct a concurrent SBF exercise with about 3,000 flats.
SRI’s Sandrasegeran notes that a standout in the February exercise will likely be the BTO project along Tampines Central 8, close to Tampines MRT Station. It will offer 250 units of two-room flexi and four-room flats. Sandasegeran believes the flats will be classified as Plus. “Its proximity to major transport nodes and popular malls such as Tampines Mall, Century Square, and Our Tampines Hub will make it highly sought after," he adds.
Meanwhile, Realion’s Sun expects the projects in Toa Payoh and Bukit Merah to be classified as Prime. The Toa Payoh project, located directly across the St Andrew’s Village school complex, will offer 1,130 two-room flexi to four-room flats, while the Bukit Merah project, along Jalan Bukit Merah, will offer 1,040 two-room flexi to four-room flats. It is within walking distance of Redhill MRT Station.
Other projects in the launch include a 280-unit development on Tampines Street 22, and two projects in Sembawang along Admiralty Lane that will offer 1,160 units and 760 units, respectively.
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