For: First-time buyersHDB upgraders
Source: URA
TL;DR
August 2023 BTO BTO report — 5 project sites, 5,160 units launched. Classification mix, ballot results, and oversubscription precedent for the exercise.
The August 2023 BTO HDB Build-to-Order launch comprises 5 project sites offering 5,160 units across 5 towns.
Project list
| Project | Town | Tier | MOP | Units |
|---|---|---|---|---|
| Bedok Spring · preview | BEDOK (D16) | Standard | 5y | 580 |
| Jurong East Crystal · preview | JURONG EAST (D22) | Standard | 5y | 620 |
| Punggol Northshore · preview | PUNGGOL (D19) | Standard | 5y | 800 |
| Queenstown Parkside · preview | QUEENSTOWN (D3) | Standard | 5y | 520 |
| Sengkang Riverdale · preview | SENGKANG (D19) | Standard | 5y | 680 |
Classification mix
- Standard: 5 projects (100%)
- Plus: 0 projects (0%)
- Prime: 0 projects (0%)
Most oversubscribed (final ballot)
Top 12 subscription rates from this exercise — useful as precedent for similar future launches.
| Project | Town | Tier | Flat | Applicant | Rate |
|---|---|---|---|---|---|
| Jurong East Crystal | JURONG EAST | Standard | 2-Room Flexi | First-timer | 19.78x |
| Sengkang Riverdale | SENGKANG | Standard | 2-Room Flexi | First-timer | 19.76x |
| Queenstown Parkside | QUEENSTOWN | Standard | 2-Room Flexi | First-timer | 16.69x |
| Punggol Northshore | PUNGGOL | Standard | 2-Room Flexi | First-timer | 14.94x |
| Bedok Spring | BEDOK | Standard | 2-Room Flexi | First-timer | 14.09x |
| Sengkang Riverdale | SENGKANG | Standard | 4-Room | First-timer | 7.46x |
| Queenstown Parkside | QUEENSTOWN | Standard | 4-Room | First-timer | 6.80x |
| Bedok Spring | BEDOK | Standard | 3-Room | First-timer | 6.68x |
| Jurong East Crystal | JURONG EAST | Standard | 3-Room | First-timer | 6.32x |
| Jurong East Crystal | JURONG EAST | Standard | 4-Room | First-timer | 6.25x |
| Queenstown Parkside | QUEENSTOWN | Standard | 3-Room | First-timer | 5.66x |
| Bedok Spring | BEDOK | Standard | 4-Room | First-timer | 5.49x |
FAQ
How many projects were launched in August 2023 BTO?
The exercise offered 5 BTO projects across 5 towns, totalling 5,160 new flats.
What do Standard, Plus and Prime classifications mean?
Standard flats carry the regular 5-year MOP. Plus and Prime flats sit in choicer locations and come with extra subsidies, but carry a 10-year MOP, a resale subsidy clawback (roughly 6% for Plus, 9% for Prime), and rental restrictions after MOP.
How do I read the subscription rates?
A rate of 3.0x means three applicants balloted for every available flat in that category. First-timer rates are the better gauge of real demand — second-timer queues are structurally oversubscribed in nearly every exercise.
Should I pick BTO or resale?
BTO wins on price and lease length; resale wins on immediacy, location choice, and avoiding the ballot. Run both numbers with the BTO vs Resale calculator before committing.
BTO vs Resale Calculator
Compare this exercise against resale prices in the same towns
Open BTO vs Resale Calculator →Sources & methodology
Methodology & Sources
Figures below are drawn from August 2023 BTO and revised every quarter.
HDB resale and rental data from data.gov.sg.
- HDB project list and unit counts sourced from HDB press releases.
- Final ballot subscription rates from HDB application-rate publications post-ballot.
- Precedent statistics aggregated from final-rate history in ShiokNest BTO database.
We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.