by OrangeTee & Tie Pte Ltd.

BTO flats in Queenstown, Jurong East to go on sale for first time in a decade in August

BTO Launches

BTO Launches

SG, 04 Feb 2021

For the first time in almost a decade, some 610 build-to-order (BTO) flats in Queenstown, Singapore's oldest town and one of the most sought-after mature housing estates, will be launched for sale. Another 560 BTO flats will also be launched in Jurong East, which will be getting its first new units in 10 years. The two housing projects are among the seven BTO sites offering some 4,900 flats that will be launched by the HDB in August.

Analysts expect the Queenstown flats to be very popular among buyers and will likely be oversubscribed due to its built-up amenities and central location. Drawing reference from the 114 four-room resale flats in Dawson Road, which is part of Queenstown, Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said they changed hands at an average price of around $840,000 last year. Another 14 five-room resale flats fetched an average price of $990,000. "The high selling price and capital appreciation may be another reason why buyers could be attracted to the next BTO exercise in Queenstown," she said.

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