August 2023 BTO BTO Report

Bto Exercise Report

The August 2023 BTO HDB Build-to-Order launch comprises 5 project sites offering 5,160 units across 5 towns.

Project list

ProjectTownTierMOPUnits
Bedok Spring · previewBEDOK (D16)Standard5y580
Jurong East Crystal · previewJURONG EAST (D22)Standard5y620
Punggol Northshore · previewPUNGGOL (D19)Standard5y800
Queenstown Parkside · previewQUEENSTOWN (D3)Standard5y520
Sengkang Riverdale · previewSENGKANG (D19)Standard5y680

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.

ProjectTownTierFlatApplicantRate
Jurong East CrystalJURONG EASTStandard2-Room FlexiFirst-timer19.78x
Sengkang RiverdaleSENGKANGStandard2-Room FlexiFirst-timer19.76x
Queenstown ParksideQUEENSTOWNStandard2-Room FlexiFirst-timer16.69x
Punggol NorthshorePUNGGOLStandard2-Room FlexiFirst-timer14.94x
Bedok SpringBEDOKStandard2-Room FlexiFirst-timer14.09x
Sengkang RiverdaleSENGKANGStandard4-RoomFirst-timer7.46x
Queenstown ParksideQUEENSTOWNStandard4-RoomFirst-timer6.80x
Bedok SpringBEDOKStandard3-RoomFirst-timer6.68x
Jurong East CrystalJURONG EASTStandard3-RoomFirst-timer6.32x
Jurong East CrystalJURONG EASTStandard4-RoomFirst-timer6.25x
Queenstown ParksideQUEENSTOWNStandard3-RoomFirst-timer5.66x
Bedok SpringBEDOKStandard4-RoomFirst-timer5.49x

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.