SINGAPORE, 17 June 2026 – The Housing and Development Board (HDB) announced the start of the June 2026 BTO sales exercise today, with applications open until 24 June 2026. In total, 6,952 flats will go on sale across seven projects in Ang Mo Kio, Bishan, Bukit Merah, Sembawang, and Woodlands.

“Excluding SBF flats, the 6,952 BTO flats offered in June represent a 48.2% increase from the 4,692 BTO flats launched previously. This brings the Government closer to its target of launching 19,600 BTO flats by year-end.”

“BTO projects this round are concentrated mainly in central and northern HDB towns, with notable launches such as Lakeview Cascadia at Bishan, Kebun Baru Breeze and Kebun Baru Ridge in Ang Mo Kio, and Berlayar Rise at Bukit Merah.”

Clawback Rates commentary for popular Prime projects (Lakeview Cascadia and Berlayar Rise)

“Lakeview Cascadia and Berlayar Rise are the only Prime BTO projects in this exercise, carrying subsidy clawback rates of 10% and 14%.”

“This is comparable to the 10% and 14% rates last seen at Bishan Terraces and Berlayar Residences in October last year. Buyers might therefore feel more confident, given the familiar clawback structure.”

Shorter Waiting Time (SWT) Flats to make up over one-third of June 2026 BTO supply

“Shorter Waiting Time (SWT) flats will account for 2,520 units, or over one-third of June’s BTO supply. The shortest waits are at Sembawang Portico and Sembawang Brook, at two years and seven months, as well as two years and nine months respectively. This is followed by Kebun Baru Ridge at three years and one month.”

“Including the 1,316 SWT flats offered in February’s exercise, the total number of SWT flats launched so far this year stands at around 3,800 units. This puts HDB on track to meeting its target of launching over 4,000 SWT flats in 2026.”

Ang Mo Kio: Stronger first-timer family demand expected for Kebun Baru Ridge

“Both Ang Mo Kio projects are classified as Plus projects, and carry a subsidy recovery rate of 8%. This is similar to OakVille @ AMK, the last project launched in the area in October 2025.”

“Applications for 4-room flats at Kebun Baru Breeze could be similar to those at OakVille @ AMK, which recorded a first-timer family application rate of 0.7. This is because the site is farther from Mayflower MRT station, which is about a 20-minute walk away. However, its 2-room flats could still garner strong interest, given those at OakVille @ AMK were four times oversubscribed by first-time singles.”

“In contrast, 3- and 4-room flats at Kebun Baru Ridge could see stronger demand, especially from first-timer households with young children. The project is located closer to Mayflower MRT station, being about a 10-minute walk away, and is also near CHIJ St. Nicholas Primary and Secondary School.

Convenience is further anchored by the nearby Mayflower Shopping and Food Centre. In addition, Kebun Baru Ridge offers doorstep amenities such as an eating house, preschool and minimarts, which Kebun Baru Breeze lacks.”

Bishan: First HDB flats in over 40 years to kick off Lakeview estate renewal

“Lakeview Cascadia could emerge as the standout BTO project for June, given the popularity of Bishan and the scarcity of new flat supply in the Upper Thomson subzone. With the nearest HDB flats in the Lakeview estate dating back to 1984, it is likely to draw significant interest from buyers seeking homes nearby.

The project benefits from proximity to Marymount MRT station on the Circle Line, as well as established amenities such as Shunfu Mart and Thomson Plaza nearby. Demand from first-timer families could also be supported by prominent Bishan schools, such as Catholic High School and Raffles Institution.”

“These new homes could support Bishan’s transformation into Singapore’s newest sub-regional centre under the URA Master Plan 2025. By rejuvenating Bishan’s resident base via fresh housing supply, demand for new jobs and amenities can be built up for a live-work-play node.”

“Excluding grants, the prices of 4-room flats at Lakeview Cascadia are about 44% lower than the higher end of comparable resale flat transactions in Bishan. This price gap should boost interest from first-timer singles and families, especially given Bishan’s established appeal.” 

“While the Lakeview Cascadia flats carry a subsidy recovery rate of 10%, this is unlikely to deter eager applicants. Bishan Terraces, the last Prime BTO project in the area, came with a 10% clawback rate but still saw robust first-timer demand for its 2-room Flexi and 4-room flats.

This shows that buyers may be willing to accept resale restrictions where the location and price proposition remain compelling.”

Bukit Merah: 14% clawback rate unlikely to deter demand for Berlayar’s second BTO project

“Berlayar Rise could draw strong interest from buyers seeking an early foothold in Berlayar. This appeal is supported by its doorstep access to Telok Blangah MRT station, as well as proximity to VivoCity and HarbourFront Centre’s future mixed-use redevelopment.”

“As the largest BTO project this time round with 1,976 units with a variety of unit sizes, this should help drive interest from singles and families looking to live in a city-fringe location.”

“Buyer interest at the earlier Berlayar Residences project was well-spread across flat types, with 2-room Flexi, 3-room and 4-room flats all oversubscribed. Given its shared location and similar unit mix, take-up at Berlayar Rise could mirror the broad-based demand at Berlayar Residences.”

“The 14% clawback rate could raise eventual resale costs, but is unlikely to be a major deterrent given the project’s location and longer-term growth potential within the Greater Southern Waterfront.”

Sembawang and Woodlands: Northern BTO launches continue trend of Standard projects offering larger flats

“Among June’s projects, Sembawang and Woodlands are the only locations offering larger flat types, which could appeal to larger families seeking more spacious homes.

Five-room flats are available only at both Sembawang projects and Woodgrove Acres while 3Gen flats are offered solely at Sembawang Brook. This continues the trend of larger flat types being offered mainly through Standard projects in non-central locations.”

“Woodgrove Acres is likely to appeal to buyers seeking a more affordable entry point into a regional centre. With comparatively accessible pricing across flat types and Woodlands Regional Centre within a 20-minute walk, the project should appeal to value-conscious buyers seeking convenience.

“The shorter waiting times for both Sembawang North projects could appeal to buyers seeking faster move-in timelines and better balloting prospects. However, demand is likely to remain measured, based on prior response to Sembawang Beacon, the first BTO project in the area.

The 0.4 to 1.4 subscription rates for 3 room and larger flats at February’s Sembawang BTO projects suggest competition was measured. This may bode well for first-timer families seeking entry to nearby schools within 1km (of June’s Sembawang BTO projects), such as Northoaks Primary School and Endeavour Primary School.”

Third Child Priority Scheme (TCPS) enhancements

“The June 2026 BTO exercise is the first to incorporate enhancements to the Third Child Priority Scheme, under which the allocation quota for eligible families will be doubled to 10% for BTO and SBF flats.

Families can also now qualify from when they are expecting their third child, instead of only after the child is born, effectively giving them earlier access to priority allocation.”

“These changes could encourage larger families to participate more actively in BTO exercises, but their impact on the wider HDB market is likely to remain modest. Households with urgent housing timelines or larger space requirements may still prefer resale flats for greater choice and faster access.”

Comments on upcoming October 2026 BTO

The upcoming and final BTO launch in October 2026 will offer around 7,960 flats in six different towns. Here are our comments following an initial location analysis of the upcoming projects.

“We anticipate strong interest for the Toa Payoh project, which has a number of strong locational attributes. It is located right next to Caldecott MRT interchange, which provides a direct route to various commercial nodes, such as Orchard Road commercial district (10 mins), the CBD (20 mins), and Buona Vista/one-north (15 mins).  Additionally, the project should fall comfortably within the 1km priority enrolment radius of CHIJ Toa Payoh Primary School and Marymount Convent School, making it an attractive choice for young families. We can therefore expect the project to have around a 10-14% subsidy clawback rate.”

“The Toa Payoh project will also offer 260 community care apartments (CCA). Previous CCA projects at Geylang (Oct 2024) and Sengkang (Oct 2025) received an underwhelming response, at around 0.7x application rates. Given the popularity of Toa Payoh as a mature estate chock full of amenities, as well as an established number of senior residents currently residing in the town, we could see a rejuvenated interest for the upcoming CCA projects here.”

“The upcoming projects in Bedok will be located in the upcoming Bayshore precinct, adjacent to the MRT station. With the transformation of Bayshore well underway, with two current BTO projects and a private condominium (Vela Bay) already under construction, as well as a mixed-use GLS site currently open for tender, we should see competitive applications for the project, which should feature at least around the previous 2.1x application rate benchmark observed in the Oct 2024 exercise.”

“Lastly, the upcoming project in Tengah will be the first BTO launch in the burgeoning town since 2023. Therefore, we expect a positive turnout regarding applications for the project, due to pent-up demand and a strong interest shown for the previous Tengah BTO (Oct 2023, 1.1x for 4-rm, 1.8x for 5-rm). The project offers 5-room flats, which are becoming increasingly scarce, and might appeal to larger families currently residing in the West region.

The project will be supported by future infrastructure such as a Jurong Regional Line station, priority enrolment radius to Pioneer Primary School and Kranji Primary School, as well as various healthcare services and commercial amenities at Plantation Plaza. The Tengah project will likely be a Standard project, with its 5-year MOP on the eyes and minds of buyers due to the flexibility that it offers.”