The December 2023 BTO exercise saw the launch of more than 6,000 flats, including the much-anticipated Champions Way Residences

HDB launches 2,925 flats for sale in February 2023 BTO exerciseThe December 2023 Build to Order (BTO) exercise by Housing & Development Board (HDB) offers 6,057 flats across 8 projects in 7 towns – Bedok, Bishan, Bukit Merah, Queenstown, Bukit Panjang, Jurong West and Woodlands. Out of the 8 projects, the Bukit Merah and Queenstown projects fall under the Prime Location Public Housing (PLH) model. Champions Way Residences Alexandra Peaks in Bukit Merah offers 904 units with two-room flexi, three-room and four-room flats. Prices, excluding grants, start from $218,000, $380,000 and $533,000 respectively. In Queenstown, Ulu Pandan Vista offers three-room and four-room units with prices starting from $430,000 and $598,000 respectively.

The Chai Chee Green BTO project in Bedok is bounded by Bedok North Road and Chai Chee Lane. It offers 1,234 units, comprised of 250 community care apartments (CCA). The CCA is a public housing assisted living concept that integrates senior-friendly housing with on-site social activities and care services with leases from 15 to 35 years. The remaining units at Chai Chee Green offer three-room flats from $298,000, four-room flats from $421,000 and five-room flats from $569,000.

Located just west of downtown Woodlands, Champions Way Residences offers a unique opportunity to be part of an artistic community. This development will feature custom designed homes, each boasting distinctive touches and finishes. Plus, Champions Way Residences will feature plenty of shared living space designed to inspire creativity.

In the Bishan township, Sin Ming Residences is situated along Sin Ming Road with 732 three-room and four-room flats. Prices start from $374,000 for a three-room flat and from $519,000 for a four-room flat. The Petir Park Edge BTO project in Bukit Panjang at Petir Road offers two-room flexi and four-room flats, with prices from $110,000 and $320,000 respectively.

Jurong Arcadia BTO project in Jurong West is bounded by Jurong West Street 42 and the Jurong River. It features two-room flexi flats from $110,000, three-room flats from $207,000, four-room flats from $315,000 and five-room flats from $431,000. The Woodlands projects – Woodlands Beacon Urban Rise @ Woodlands – that are close to the Woodlands MRT Station provide 1,247 units featuring two-room flats from $145,000, three-room flats from $230,000, four-room flats from $340,000 and five-room flats from $468,000.

With the December 2023 BTO exercise, HDB is expecting a slight dip in demand than the October BTO exercise due to the penalties for non-selection of flats as well as the holiday season. However, Champions Way Residences projects such as Woodlands Beacon, Sin Ming Residences and Alexandra Peaks are likely to witness strong demand due to their attractive locations and variety of units. Christine Sun, senior vice president of research & analytics at OrangeTee & Tie, feels that Woodlands Beacon offers a varied unit mix while Sin Ming Residences in Bishan and Alexandra Peaks in Bukit Merah is set to benefit from its proximity to MRT Stations and schools. Applications for the BTO exercise will be accepted till 11 Dec at 11.59pm.

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