For: First-time buyersHDB upgraders
Source: URA
TL;DR
October 2024 BTO BTO report — 6 project sites, 8,573 units launched. Classification mix, ballot results, and oversubscription precedent for the exercise.
The October 2024 BTO HDB Build-to-Order launch comprises 6 project sites offering 8,573 units across 6 towns.
Project list
| Project | Town | Tier | MOP | Units |
|---|---|---|---|---|
| Queenstown Bayfront · preview | QUEENSTOWN (D3) | Prime | 10y | 580 |
| Kallang Horizon View · preview | KALLANG/WHAMPOA (D12) | Plus | 10y | 620 |
| Tengah Plantation Verge · preview | TENGAH (D24) | Plus | 10y | 1,080 |
| Sengkang Plains · preview | SENGKANG (D19) | Standard | 5y | 920 |
| Woodlands Northshore · preview | WOODLANDS (D25) | Standard | 5y | 880 |
| Yishun Ridge · preview | YISHUN (D27) | Standard | 5y | 760 |
Classification mix
- Standard: 3 projects (50%)
- Plus: 2 projects (33.3%) — 10-year MOP, subsidy clawback on resale (~6%).
- Prime: 1 project (16.7%) — 10-year MOP, subsidy clawback on resale (~9%).
Most oversubscribed (final ballot)
Top 12 subscription rates from this exercise — useful as precedent for similar future launches.
| Project | Town | Tier | Flat | Applicant | Rate |
|---|---|---|---|---|---|
| Queenstown Bayfront | QUEENSTOWN | Prime | 2-Room Flexi | First-timer | 31.28x |
| Kallang Horizon View | KALLANG/WHAMPOA | Plus | 2-Room Flexi | First-timer | 23.12x |
| Tengah Plantation Verge | TENGAH | Plus | 2-Room Flexi | First-timer | 22.79x |
| Sengkang Plains | SENGKANG | Standard | 2-Room Flexi | First-timer | 22.40x |
| Yishun Ridge | YISHUN | Standard | 2-Room Flexi | First-timer | 22.15x |
| Woodlands Northshore | WOODLANDS | Standard | 2-Room Flexi | First-timer | 16.36x |
| Queenstown Bayfront | QUEENSTOWN | Prime | 3-Room | First-timer | 10.68x |
| Tengah Plantation Verge | TENGAH | Plus | 4-Room | First-timer | 9.45x |
| Kallang Horizon View | KALLANG/WHAMPOA | Plus | 4-Room | First-timer | 9.32x |
| Tengah Plantation Verge | TENGAH | Plus | 3-Room | First-timer | 9.24x |
| Queenstown Bayfront | QUEENSTOWN | Prime | 4-Room | First-timer | 8.07x |
| Kallang Horizon View | KALLANG/WHAMPOA | Plus | 3-Room | First-timer | 7.79x |
FAQ
How many projects were launched in October 2024 BTO?
The exercise offered 6 BTO projects across 6 towns, totalling 8,573 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 October 2024 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.