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February 2025 BTO Launch: What You Need to Know Before You Ballot
February 2025 BTO Launch: What You Need to Know Before You Ballot

Yahoo

time13-02-2025

  • Business
  • Yahoo

February 2025 BTO Launch: What You Need to Know Before You Ballot

HDB has launched 5,032 BTO flats across five projects in Kallang/Whampoa, Queenstown, Yishun, and Woodlands, with a significant portion designed for faster completion. If you're looking for an affordable new home, here's everything you need to know about the first BTO exercise of 2025. Key highlights of the Feb 2025 BTO launch Where are the Feb 2025 BTO flats located? How much will these Feb 2025 BTO flats cost? Housing options for different household incomes Subsidy recovery for Plus & Prime flats Which Feb 2025 BTO project has the shortest waiting time? Should you apply for the February 2025 BTO launch? How to apply for the February 2025 BTO flats? Key dates for February 2025 BTO application Watch out for the next BTO launch in July 2025 Should you buy, sell, or wait? 8 in 10 BTO flats have a waiting time of 4 years or less 1,531 flats in Yishun's Chencharu Vines and Chencharu Green will be completed in just over 3 years 1 in 4 BTO flats in this launch are 2-room Flexi flats, available for eligible singles Flats are priced with significant subsidies, making them more affordable than resale units The 5,032 BTO flats in this launch are spread across five projects in four different locations. Whether you prefer a mature estate with greater amenities or a non-mature estate with more affordability, there are options for every budget and lifestyle. Classification Project Town Flat Types Available Standard Chencharu Green Yishun 2-room Flexi, 3-room, 4-room, 5-room Standard Chencharu Vines Yishun 2-room Flexi, 3-room, 4-room, 5-room Standard Woodlands North Verge Woodlands 2-room Flexi, 3-room, 4-room, 5-room Plus Stirling Horizon Queenstown 2-room Flexi, 3-room, 4-room Prime Tanjong Rhu Parc Front Kallang/Whampoa 2-room Flexi, 3-room, 4-room The Standard BTO projects in Yishun and Woodlands offer the most affordable options, while the Plus and Prime projects in Queenstown and Kallang/Whampoa come with additional subsidies but stricter resale conditions. READ MORE: HDB has ensured that all new flats come with significant subsidies, making them more affordable than resale flats in the same areas. Plus and Prime flats receive additional subsidies due to their better locations. First-timer families can also receive up to $120,000 in Enhanced CPF Housing Grants (EHG) to further lower the cost. Town Project Flat Type Selling Price (Excl. Grants) Selling Price (Incl. Grants) Woodlands Woodlands North Verge 2-room Flexi From $140,000 From $20,000 3-room From $275,000 From $170,000 4-room From $365,000 From $285,000 5-room From $486,000 From $431,000 Yishun Chencharu Vines / Chencharu Green 2-room Flexi From $108,000 From $6,000 3-room From $245,000 From $140,000 4-room From $316,000 From $236,000 5-room From $447,000 From $392,000 Queenstown Stirling Horizon (Plus) 2-room Flexi From $224,000 From $104,000 3-room From $408,000 From $318,000 4-room From $554,000 From $499,000 Kallang/Whampoa Tanjong Rhu Parc Front (Prime) 2-room Flexi From $211,000 From $91,000 3-room From $399,000 From $309,000 4-room From $548,000 From $493,000 Note: Selling prices vary based on the location and classification of the project. First-timers may be eligible for grants to further reduce costs. READ MORE: Your 2025 HDB CPF Grant Calculator and Eligibility Criteria Guide Depending on your income, here's a general guide on which flats may be affordable. Monthly Household Income EHG Amount Affordable Flats $4,000 $80,000 3-room (Standard) or 4-room (Yishun Standard) $7,000 $30,000 3-room (Standard, Plus, Prime), 4-room (Standard), or 5-room (Yishun Standard) $9,000 $5,000 Any BTO flat, using CPF contributions Note: Actual affordability depends on CPF usage, existing loans, and grant eligibility. Since Plus and Prime flats come with additional subsidies, owners will be required to return a percentage of the resale or valuation price (whichever is higher) upon selling the flat — after meeting the 10-year Minimum Occupation Period (MOP). For this BTO exercise: Plus project (Queenstown - Stirling Horizon): 8% subsidy recovery Prime project (Kallang/Whampoa - Tanjong Rhu Parc Front): 9% subsidy recovery This is designed to keep Plus and Prime flats affordable in both the initial sale and resale markets. If you're looking to move in sooner, the Yishun BTO flats (Chencharu Vines and Chencharu Green) have the shortest waiting time of just 37-38 months (about 3 years). Most other projects in this launch will take 4 years or less to be completed. This BTO launch caters to a wide range of buyers, from young singles looking for their first home to families wanting a bigger space in a good location. Here's a quick guide to help you decide: Want a shorter waiting time: Yishun's Chencharu Vines and Chencharu Green will be ready in 3 years Prefer a mature estate: The Prime and Plus flats in Queenstown and Kallang/Whampoa are ideal Need an affordable option: Standard projects in Yishun and Woodlands offer lower prices Are a single buyer: There are 2-room Flexi flats available in all locations Need a flat immediately: Consider resale flats instead Want fewer restrictions: Plus and Prime flats have stricter resale conditions and subsidy recovery Have a tight budget: Prime flats in Kallang/Whampoa are significantly pricier READ MORE: To apply, you must have a valid HDB Flat Eligibility (HFE) letter. Applications for this BTO launch are open from 10 February to 17 February 2025 via the HDB Flat Portal. HDB will conduct a computer ballot to assign queue numbers — so there's no need to rush to apply on the first day! Stage Date Application Period 10 - 17 February 2025 Balloting Outcome March 2025 Selection of Flats April - May 2025 If you're not successful in this round, don't worry! The next BTO launch will be in July 2025, featuring about 5,400 flats across Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands. Want to maximise your chances of getting a BTO flat? Consider applying for Standard projects with lower demand or those in non-mature estates where the odds are usually better. Navigating the property market can feel overwhelming, but it doesn't have to be. Ohmyhome makes property transactions seamless. As a one-stop property platform, we provide end-to-end services powered by our Super Agents, proprietary tech tools like HomerAI and MATCH, and data-driven insights to ensure you make the right move at the right time. Sell higher and faster: 73% of homes sold above market value, 97% within 90 days. AI-powered home insights with HomerAI: Get real-time property valuations, track market trends, view recent transactions, and calculate cash proceeds for smarter decisions. Personalised support & community: A dedicated Relationship Manager and Super Agent will guide you every step of the way, ensuring a smooth and stress-free experience.

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