55,000 BTO flats to be launched from 2025 to 2027

Increased supply will help meet demand and moderate resale prices, says minister

- Ng Keng Gene

Some 55,000 Build-To-Order (BTO) flats will be launched between 2025 and 2027, 10 per cent more than the earlier announced 50,000.

Among these, about 3,100 will be launched in October 2025 as shorter waiting time flats – those with wait times of under three years.

The increased supply will not only help to meet demand for new Housing Board flats, but also moderate resale flat prices by reducing demand in the resale market, National Development Minister Chee Hong Tat said on Aug 5.

Setting out his ministry's priorities in an interview with local media outlets, Mr Chee said the 55,000 flats will include more units with shorter waiting times.

Shorter waiting time flats offer a closer substitute for resale flats and can, hence, help to moderate resale prices, he added.

Acknowledging that there remains some public concern about resale flat prices, Mr Chee said it is reasonable for flats in prime locations with desirable attributes to sell at higher prices.

There are resale flats available at different price points, he noted. He cited towns such as Tampines and Punggol, where four-room resale flats with leases of 70 years or longer go for around $650,000 to $700,000, or Sembawang and Yishun, where a similar flat could cost less than $600,000.

Mr Chee said there have been recent signs of price growth moderation. The quarter-on-quarter resale price index growth for the last quarter, for instance, was 0.9 per cent – the lowest since the second quarter of 2020.