Bukit Panjang Vines BTO Preview — February 2024 BTO

Bto Project Preview

Bukit Panjang Vines is a Standard BTO launch in BUKIT PANJANG (D23), part of the February 2024 BTO exercise. 580 units across 4 flat types, 5-year minimum occupation period.

Location & amenities

Amenity data not yet enriched for this project. Site analysis updates when the admin runs POST /admin/bto/enrich/19.

Unit mix & indicative pricing

Flat typeUnitsIndicative priceArea (sqm)
2-Room Flexi58$19,000 – $32,00037 – 45
3-Room116$34,000 – $52,00065 – 72
4-Room290$47,000 – $70,00090 – 97
5-Room116$57,000 – $84,000110 – 117

BTO indicative PSF vs nearby HDB resale (BUKIT PANJANG, last 12 months)

Same town, matched flat type. Positive discount = BTO cheaper.

Flat typeBTO PSF (mid)Resale PSF (est.)Discount vs resale
2-Room Flexi$620$84726.8%
3-Room$620$6311.7%
4-Room$620$584-6.1%
5-Room$620$595-4.2%

Ballot odds & precedent

Final ballot subscription rates

Flat typeApplicantSupplyApplicationsRate
2-Room FlexiFirst-timer3872819.17x
2-Room FlexiSecond-timer17271.61x
3-RoomFirst-timer754445.92x
3-RoomSecond-timer35250.71x
4-RoomFirst-timer1891,1746.21x
4-RoomSecond-timer872602.99x
5-RoomFirst-timer752593.45x
5-RoomSecond-timer35551.57x

Historical precedent: BUKIT PANJANG · Standard

Flat typeApplicantMedian rateSample size
2-Room FlexiFirst-timer19.17x1
2-Room FlexiSecond-timer1.61x1
3-RoomFirst-timer5.92x1
3-RoomSecond-timer0.71x1
4-RoomFirst-timer6.21x1
4-RoomSecond-timer2.99x1
5-RoomFirst-timer3.45x1
5-RoomSecond-timer1.57x1

Affordability worked examples

Assumptions: HDB concessionary loan at 2.6%, 25-year tenure, 75% LTV. Replace grant amounts with your eligibility from the HDB Grant Calculator.

PersonaFlatPriceEst. grantNet priceDownpaymentMonthly
Young couple, first-timer (combined income S$8,000/month)3-Room$43,000$60,000$0$0$0
Family, first-timer (combined income S$12,000/month)4-Room$58,000$30,000$28,000$7,000$95
Upgrader, second-timer (combined income S$16,000/month)4-Room$58,000$0$58,000$14,500$197

Related

Sources & methodology

Methodology & Sources

Figures below are drawn from February 2024 BTO and revised one-time.

HDB resale and rental data from data.gov.sg.

  • HDB project list and indicative pricing sourced from HDB press releases for the February 2024 BTO launch.
  • Nearby resale comparison uses HDB resale transactions in BUKIT PANJANG over the last 12 months (averaged price ÷ midpoint floor area, converted to PSF).
  • Ballot odds precedent aggregates final subscription rates from past BTO launches in BUKIT PANJANG under the Standard tier; median is reported with sample-size.
  • Walkability score from ShiokNest WalkabilityService (DB-based: MRT + schools); OneMap amenities fetched on enrichment.

We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.