With applications now closed for the November 2026 Build-To-Order (BTO) sales exercise, aspiring first-time homeowners and HDB buyers will have to turn their attention to the next offering of new public housing flats.
This will take place in February 2027, and will be the first of three BTO sales exercises next year. The upcoming sales exercise will comprise about 4,300 flats across five developments in Bishan, Toa Payoh, Tampines and Tengah.
Based on the total number of BTO flats offered in Feb 2027, it will be a relatively leaner offering compared to the number of flats offered this month, which offered 7,964 flats across seven projects.
This nearly matches the size of the BTO offering in February this year, which had 4,692 flats up for application, compared to the 6,952 flats that were offered in the June 2026 sales exercise.
Notably, the February 2027 BTO sales exercise will also coincide with the launch of about 5,000 Sale of Balance Flats (SBF). There were no SBF flats offered in this month's sales exercise.
When we take a closer look at the BTO developments offered in February 2027, around half are expected to be Plus or Prime flats in Bishan and Toa Payoh. The remaining BTO developments are expected to be Standard flats, across two projects in Tampines and one in Tengah.
Christine Sun, chief researcher and strategist at Realion (OrangeTee & ETC) Group, says that most of the February 2027 BTO projects are in attractive locations. The five-room flats in Tampines should draw especially strong demand as new five-room flats in mature estates have been scarce, she says.
Sin Ming Road (Bishan)
Meanwhile, the Bishan BTO flats will appeal to single buyers with their extensive offering of two-room Flexi flats, as well as families who want to live near popular schools like Catholic High School and Ai Tong School, without paying private resale prices.
According to her, the Bishan BTO flats and Tampines project near Upper Changi MRT station may be the most popular.
Meanwhile, the next Mount Pleasant BTO project at Toa Payoh is also likely to draw keen interest, since it is a popular estate with robust amenities.
The BTO project in Sin Ming will consist of about 1,070 flats, and is expected to be one of the largest BTO developments in the upcoming exercise. The project will house a mix of 470 four-room flats, 80 three-room flats and 520 two-room Flexi flats.
That makes the project attractive for potential singles looking to BTO, and the project is slated for completion in the next three years, says Lee Sze Teck, Senior Director of Data & Analytics at Huttons Asia.
He cites previous BTO projects in Sin Ming such as Sin Ming Residences, which launched as part of the December 2023 BTO sales exercise and saw an application rate of more than 3.0 times for four-room flats among first-time buyers.
The other two recent BTOs in Sin Ming were Bishan Terraces (Oct 2025) and Lakeview Cascadia (June 2026), and both were Prime projects. Lee also says that new HDB buyers remain favourable towards Bishan, with application rates for these projects more than three times oversubscribed.
"Overall, new BTO flats in Bishan are extremely popular judging from the strong take-up rate at past BTO exercises and the number of million-dollar flats that the town has seen in recent years," Lee says.
He cites market data from Huttons Asia that suggests that resale prices for a four-room flat in Sin Ming typically start from $530,000. Generally, the Sin Ming area is well regarded for its amenities and nearby schools, including Catholic High School and Ai Tong School. Amenities nearby include Junction 8 shopping mall, Bishan Park, and Thomson Plaza.
However, the project doesn't quite have doorstep access, with the nearest MRT stations being Upper Thomson (TEL) and Marymount (CCL). "While the BTO project is further from an MRT station, it is well-served by amenities and schools in the vicinity," says Lee.
It remains to be seen what the project's subsidy recovery will be, since Sun believes that the project might launch in the Plus category. She adds that the limited supply of new flats in the area could also support demand. Buyers seeking a home in the area, such as in Upper Thomson, Bishan, Ang Mo Kio, Marymount, or Lentor, would have to pay much more for a resale flat or private property.
Sun caveated this, saying: "Its location near industrial buildings and heavy vehicle parking, as well as the busy Marymount Road, could result in residents having to face noise, dust and traffic congestion."
Simei Road and Upper Changi Road (Tampines)
While there may be fewer BTO flats offered in Sin Ming next year, the Tampines BTO development along Simei and Upper Changi Road will offer two-room Flexi to five-room flats, with a total of 540 units. There will be about 120 five-room flats.
"The five-room flats offered in Tampines will be especially popular, as it is in a mature estate and supply of new five-room flats has been scarce," says Sun.
Both market analysts expect the Upper Changi BTO project to be classified as Standard, meaning a five-year MOP and no subsidy clawback when owners eventually sell their units on the resale market. This makes it more flexible than Prime or Plus BTO projects.
"As it is near Simei Symphony - a BTO project that launched in July 2025 - which was a Standard project, we anticipate that this site will be similarly classified," says Sun.
Simei Symphony saw a healthy application rate of 8.9 for its four-room flats. The new BTO project might see similar healthy demand, especially from buyers who work at Changi Business Park and Tampines Central. The site will be served by Upper Changi MRT station on the Downtown Line, which is at its doorstep. Expo MRT interchange, on the Downtown and East-West lines, is about 500m away.
Prices for a four-room flat in the project may start from $550,000.
"With so much unsatisfied demand, this BTO project may likewise see a high application rate of around 5 times for the four-room flats. Furthermore, this is the only BTO project in a mature estate to have five-room flats for application," says Lee of Huttons.
However, Sun caveated this by saying that given the other three BTO launches in Tampines since July 2025, overall demand could be slightly tempered compared to the previous launches.
Tampines Street 11 (Tampines)
HDB will also be launching a second Tampines BTO project, which includes 240 Community Care Apartments (CCA) in addition to 90 four-room flats. The project will likely be a Standard project.
The site sits along Tampines Street 11 and between the Tampines MRT station and Simei MRT station. It's close to several amenities including Tampines Mall, Eastpoint Mall and park connectors.
The BTO development will also be near a new medical centre and community club, which will be convenient for seniors and will appeal to families who wish to stay together with their elderly parents, Sun said.
The four-room flats will likely be priced around $520,000, while it remains to be seen how the CCA will be priced.
This will be the first BTO project in Tampines to house CCA units. The last project with these senior-friendly units was at Toa Payoh Hillside, which launched this month with prices starting at $88,000 for a 15-year lease.
"As the first batch of CCAs to be offered in Tampines, the project could attract considerable interest from older residents in the area who are looking to right-size from their existing HDB flats and use the proceeds for retirement," says Sun.
Mount Pleasant (Toa Payoh)
The upcoming Mount Pleasant BTO is also likely to draw keen interest from buyers, as it's within Toa Payoh, a mature and desirable estate for many HDB homeowners.
The site is right beside the upcoming Mount Pleasant MRT station on the Thomson-East Coast Line.
Planned amenities within the BTO project include eateries, a preschool and a senior activity centre, with a proposed medical centre and Toa Payoh’s sports and community hub nearby. Schools such as SJI International, CHIJ Primary (Toa Payoh) and Raffles Girls’ School are close by.
Previous BTO launches in the area have had mixed responses, with Toa Payoh Ascent in July 2025 achieving a high application rate of 8.5 for 4-room flats. But Kim Keat Crest, which launched in February 2026, only received 1,065 applicants for the 787 4-room units, yielding an application rate of 1.4.
However, in this month's exercise, Toa Payoh Hillside near Caldecott MRT recorded some of the highest application rates by a BTO project since June 2022. The four-room flats were nearly six times oversubscribed, signalling the high buying interest for new BTO flats in the town.
The project was a Prime project with a subsidy recovery of 11%.
However, Sun said that the Mount Pleasant BTO project launching in February also has to contend with the fact that it is further west from Toa Payoh Central, which may mean poorer access to amenities in Toa Payoh Central, and that it is situated beside the expressway, which could result in more noise and dust exposure.
Brickland (Tengah)
November's BTO exercise, which featured the launch of Plantation Dew at Tengah, also drew some of the most applicants we've seen in recent years. Four-room flats in the project were more than five times oversubscribed among first-timers, while five-room flats had a first-timer application rate of 3.8.
The launch had the highest overall applicant rate of the six towns in the exercise, across flat types and buyer groups, signalling heightened overall interest in the area.
In February, another Tengah BTO development near Tengah Boulevard and Brickland Road will be offered. It will be the largest project in the exercise, making up roughly 30% of the total flat supply.
Buyers will mainly be drawn to this project for its proximity to ACS, which is 1 km away from the site after its relocation. Two plots of land across the road are also zoned for future schools, which means more schools could be built there in future.
The new project will also be served by the upcoming Brickland MRT, which will be built next to the BTO development. In the future, there will be a mixed-use development next door, which will improve the amenity offerings.
The price of a 4-room flat may start from $410,000, and the application rate could be between 1 and 2 times.
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