Tallest HDB project in Pearl’s Hill, new supply in Toa Payoh with Caldecott BTO: COS 2026
Artist's impression of the BTO project at Pearl's Hill. (Photo: Ministry of National Development, Housing and Development Board)
The Singapore government is looking for ways to “build more public housing by intensifying land use and building higher where possible”, including a new Build-To-Order (BTO) project at Pearl’s Hill in Outram, National Development Minister Chee Hong Tat said in a speech at the Committee of Supply (COS) 2026 debate on March 4.
Pearl’s Hill will be the first BTO in the area in more than 40 years, and will comprise 2-room flexi, 3-room, 4-room and public rental flats.
Standing at 60 storeys high, this will be the tallest public housing project in Singapore, overtaking the previous tallest, Pinnacle @ Duxton. Chee says that this will provide 50% more flats than a 40-storey block, which is the predominant height of public housing flats in Singapore.
Location of the Pearl's Hill BTO at Outram (Photo: Ministry of National Development, Housing and Development Board)
The blocks at the Pearl’s Hill development will have varying heights and feature sky gardens and landscape terraces. It is located close to Outram Park MRT Interchange and will offer views of Orchard and Sentosa, alongside the adjacent Pearl’s Hill City Park.
“The flats are likely to be highly desirable among applicants”, says Lee Sze Teck, senior director of data analytics, Huttons Asia.
Eugene Lim, key CEO of ERA Singapore, says this project will likely be classified under the ‘Prime” category.
By using the Berlayar Residences BTO project — located at the site of the former Keppel Club and launched in October 2025 — as a guide, Huttons posits that prices for 4-room flats may start from $600,000. In comparison to the average resale price of more than $1.4 million for a 4-room flat at Pinnacle @ Duxton, units at Pearl’s Hill will be much more affordable, improving access for Singaporeans to live in the city.
Alongside the redevelopment of Pearl Bank Apartments into One Pearl Bank in 2020, this public housing project could be a crucial step in transforming the Pearl's Hill area, in line with the plans outlined in the URA Master Plan 2025, ERA’s Lim adds.
Urban renewal in mature estates
Chee also announced a fresh supply of housing in Toa Payoh, including an upcoming BTO project in Toa Payoh West — next to Caldecott MRT Station and part of the October 2026 sales exercise — and a new mixed-use development that includes private residential units, a shopping centre, and community uses.
According to Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group, increasing new housing supply in Toa Payoh is a positive move, given that it is one of Singapore’s oldest housing estates.
“Through urban renewal, along with the addition of new developments and increasing a younger population of dwellers, it will help rejuvenate the area and ensure its long-term sustainability,” she adds.
Location of the upcoming projects in Toa Payoh West (Photo: Ministry of National Development, Housing and Development Board)
The upcoming BTO project at Caldecott will comprise about 1,600 units across five blocks. These will consist of 590 two-room flexi flats, 580 four-room flats, 230 public rental flats and 240 Community Care Apartments for seniors — the latter being a first for Toa Payoh.
The last BTO launch in the vicinity was Toa Payoh Ascent, offered as a Prime project. It received a strong overall application rate of 8.3, with 6,155 applicants vying for 741 units. Therefore, new flats launched in this area are expected to similarly attract strong interest, says Sun.
A.I generated artist’s impression of the BTO project in Toa Payoh West, next to Caldecott MRT Station (Photo: Ministry of National Development, Housing and Development Board)
Furthermore, residents will also enjoy access to the upcoming Toa Payoh Integrated Development (TPID) which will be a sports and lifestyle hub, featuring a town park, library and polyclinic.
As for the new mixed-use development to be built at Toa Payoh West, this will provide residents with shopping and dining options, with the shopping centre similar in scale to Woodleigh Mall in Bidadari.
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