Press Release

Popular projects

1. Toa Payoh (Anticipated to be Prime) 1,130 units

BTO projects in Toa Payoh had traditionally been popular due to the proximity to the city centre and Orchard Road. Previous projects, such as Kim Keat Heights launched in May 2022, received almost 1,800 applications for the 165 4-room flats, yielding an overall application rate of 10.9 which is considered high. The Toa Payoh Ascent launched in July this year also received almost 4,000 applicants for its 468 4-room flats, yielding an overall application rate of about 8.5.

Therefore, we anticipate that the application rate could be high for this new BTO project, possibly above 5 for the 4-room flats. Moreover, the project is located directly across St. Andrew's Village, which includes the primary and secondary schools, as well as a junior college. As a result, the comprehensive educational institution will draw families with school-going children. However, one drawback of this site is its proximity to a major expressway, which some buyers may find uncomfortable due to the dust and noise.

2. Bukit Merah (Anticipated to be Prime) 1,040 units

These flats are expected to be popular due to their close proximity to the Redhill MRT station, CBD and Orchard Road. However, the recent launch of many new flats in Queenstown and Bukit Merah may impact the overall take-up rate of these flats.

For example, the number of applications for the new 4-room BTO flats decreased from a peak of 6,560 for Bukit Merah Ridge and 7,916 for Alexandra Vale/Havelock Hillside (both launched in 2022), to 1,049 for Alexandra Peak (December 2023) and 2,234 for Alexandra Vista/Alexandra Peaks (July 2025).

This trend indicates that the absorption rate of new flats in Bukit Merah has declined over the years. Consequently, we expect moderate interest for this project, though it may still be more popular compared to other BTO projects launched in Sembawang.

3. Tampines along Tampines Central (Anticipated to be Plus)

These flats will be highly popular as it is situated directly at the Tampines MRT station and surrounded by many shopping malls and amenities.

The previous BTO launch, Simei Symphony, was launched in July 2025 and attracted 1,244 applicants for the 4-room flats, resulting in an application rate of 8.9. Before that, Tampines Green Topaz, launched in June 2024, received 2,288 applications for 4-room flats, with a higher application rate of 10.7. Going further back, Sun Plaza Spring, launched in August 2022, saw the highest demand, drawing 3,347 applicants and an impressive application rate of 22.3 for 4-room units.

For this new BTO project, the number of applications is generally expected to be high, although demand may still be influenced by the substantial BTO supply released this year, with nearly 30,000 new homes already launched and many individuals having purchased flats. Furthermore, two projects are set to be launched in Tampines in February 2026. Consequently, we anticipate that the 4-room flats could be oversubscribed by more than five times.

Less popular projects

4. Tampines along Tampines Street 22 (Anticipated to be Standard) 280 units

These flats are not within walking distance of an MRT station, although they are situated between Tampines and Simei MRT stations. This project may not be as popular as the other Tampines project along Tampines Central. Nonetheless, the overall application rates may still be moderately high, given that the number of units offered is small.

5. Two Sembawang projects along Admiralty Lane (Anticipated to be Standard Flats) 1,160 units and 760 units

As these flats are located some distance from the Sembawang MRT station, they may be less appealing to certain buyers. However, the development is close to several primary and secondary schools, and there are many 5-room flats available, which could attract families with school-age children.

With more than 1,900 units offered from both projects, applicants will have a higher chance of securing a flat. Moreover, these flats are likely to have shorter waiting periods which will make them more appealing to buyers since buyers can move in sooner. These Standard flats also encompass a shorter Minimum Occupation Period (MOP) which allows buyers to exit the market faster compared to buyers of Plus or Prime flats.