Kallang Horizon View BTO Preview — October 2024 BTO

Bto Project Preview

Kallang Horizon View is a Plus BTO launch in KALLANG/WHAMPOA (D12), part of the October 2024 BTO exercise. 620 units across 4 flat types, 10-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/29.

Unit mix & indicative pricing

Flat typeUnitsIndicative priceArea (sqm)
2-Room Flexi62$23,000 – $40,00037 – 45
3-Room124$40,000 – $63,00065 – 72
4-Room310$56,000 – $85,00090 – 97
5-Room124$68,000 – $103,000110 – 117

BTO indicative PSF vs nearby HDB resale (KALLANG/WHAMPOA, 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$750$742-1.1%
3-Room$750$691-8.6%
4-Room$750$88014.8%
5-Room$750$8329.8%

Ballot odds & precedent

Final ballot subscription rates

Flat typeApplicantSupplyApplicationsRate
2-Room FlexiFirst-timer4092523.12x
2-Room FlexiSecond-timer19301.60x
3-RoomFirst-timer816317.79x
3-RoomSecond-timer37310.83x
4-RoomFirst-timer2021,8839.32x
4-RoomSecond-timer932682.88x
5-RoomFirst-timer814325.33x
5-RoomSecond-timer37701.90x

Historical precedent: KALLANG/WHAMPOA · Plus

Flat typeApplicantMedian rateSample size
2-Room FlexiFirst-timer23.12x1
2-Room FlexiSecond-timer1.60x1
3-RoomFirst-timer7.79x1
3-RoomSecond-timer0.83x1
4-RoomFirst-timer9.32x1
4-RoomSecond-timer2.88x1
5-RoomFirst-timer5.33x1
5-RoomSecond-timer1.90x1

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$52,000$60,000$0$0$0
Family, first-timer (combined income S$12,000/month)4-Room$71,000$30,000$41,000$10,250$140
Upgrader, second-timer (combined income S$16,000/month)4-Room$71,000$0$71,000$17,750$242

Plus subsidy recovery on resale

Plus flats carry a subsidy recovery on resale (typically ~6% applied to the eventual resale price). This is the price of the larger upfront subsidy you receive on purchase. Plus and Prime also have a 10-year MOP (vs Standard's 5-year) and bans on renting out the whole flat.

Use the BTO Plus/Prime Clawback Calculator to estimate net proceeds at a hypothetical sale year and compare against the Standard equivalent.

Related

Sources & methodology

Methodology & Sources

Figures below are drawn from October 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 October 2024 BTO launch.
  • Nearby resale comparison uses HDB resale transactions in KALLANG/WHAMPOA 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 KALLANG/WHAMPOA under the Plus 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.