The February 2025 BTO HDB Build-to-Order launch comprises 5 project sites offering 5,032 units across 5 towns.
Project list
| Project | Town | Tier | MOP | Units |
|---|---|---|---|---|
| Bishan Wave · preview | BISHAN (D20) | Plus | 10y | 520 |
| Tampines Boulevard · preview | TAMPINES (D18) | Plus | 10y | 660 |
| Choa Chu Kang Glen · preview | CHOA CHU KANG (D23) | Standard | 5y | 760 |
| Punggol Coast · preview | PUNGGOL (D19) | Standard | 5y | 880 |
| Tengah Garden Hill · preview | TENGAH (D24) | Standard | 5y | 1,020 |
Classification mix
- Standard: 3 projects (60%)
- Plus: 2 projects (40%) — 10-year MOP, subsidy clawback on resale (~6%).
- 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 |
|---|---|---|---|---|---|
| Bishan Wave | BISHAN | Plus | 2-Room Flexi | First-timer | 26.39x |
| Tampines Boulevard | TAMPINES | Plus | 2-Room Flexi | First-timer | 25.28x |
| Tengah Garden Hill | TENGAH | Standard | 2-Room Flexi | First-timer | 22.10x |
| Punggol Coast | PUNGGOL | Standard | 2-Room Flexi | First-timer | 14.05x |
| Choa Chu Kang Glen | CHOA CHU KANG | Standard | 2-Room Flexi | First-timer | 13.68x |
| Bishan Wave | BISHAN | Plus | 3-Room | First-timer | 8.85x |
| Tampines Boulevard | TAMPINES | Plus | 4-Room | First-timer | 8.36x |
| Bishan Wave | BISHAN | Plus | 4-Room | First-timer | 8.00x |
| Choa Chu Kang Glen | CHOA CHU KANG | Standard | 4-Room | First-timer | 7.36x |
| Tampines Boulevard | TAMPINES | Plus | 3-Room | First-timer | 7.30x |
| Punggol Coast | PUNGGOL | Standard | 4-Room | First-timer | 6.98x |
| Tengah Garden Hill | TENGAH | Standard | 4-Room | First-timer | 6.87x |
Sources & methodology
Methodology & Sources
Figures below are drawn from February 2025 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.