Commentary on November 2026 BTO Exercise Outcome

HDB’s November 2026 BTO exercise will conclude at 11:59 pm on 11 November 2026. In total, 7,964 flats were made available across seven projects in Sembawang, Tengah, Yishun, Bedok, Geylang, and Toa Payoh.

As of 12 pm on 11 June 2026, the total number of applicants stood at 34,992, translating to an overall application rate of 4.4 for the 7,964 flats available. This is higher than the overall application rate of 3.4 for June 2026’s BTO exercise, which had 23,894 applicants for 6,952 flats (as of 11:59 pm on 24 June 2026). 

Total applicant numbers also rose sharply by 46.4%, from 23,894 in June to 34,498 for November 2026’s BTO exercise.

“As the first BTO exercise under the new income ceilings of $16,000 for families and $8,000 for singles, November’s launch has opened the door for higher-earning households to pursue homes in choice locations,” said Eugene Lim, Key Executive Officer, ERA Singapore.

“More buyers were willing to come forward in November, as the strong slate of BTO projects and revised income ceilings provided greater incentive to apply.”

(Note: Unless stated otherwise, all applicant volumes and rates below are taken as of 12pm on 11 November 2026.)

First-timer competition was stiffest for 4-room flats at Toa Payoh Hillside (Prime), 2-room flats at Plantation Dew (Standard)

First-timer competition was steepest for 4-room flats at Toa Payoh Hillside and 2-room Flexi units at Plantation Dew.

The former recorded an application rate of 6.6 times among first-timer families, while the latter drew 17.9 first-timer singles per available unit. 

On Toa Payoh Hillside and its 4-room flats:

“For first-time families, convenience and proximity to nearby primary schools may have been key draws. Future blocks are likely to fall within a 1-km radius of CHIJ Primary (Toa Payoh) and Marymount Convent School, with Caldecott MRT station also easily accessible on foot.”

“At $558,000 without grants, the starting price for a 4-room flat at Toa Payoh Hillside also compares favourably with nearby resale units, which sold for between $820,000 and $1.2 million.”

On Plantation Dew and its 2-room Flexi flats: 

“The strong response to Plantation Dew may have been due to pent-up demand in Tengah, which has not seen any BTO launches since Plantation Edge I & II in October 2023.” 

“Factoring in grants, prices for two-room Flexi flats at Plantation Dew start at $11,000. This is significantly lower than the previous $34,000 starting price (including grants) for two-room Flexi flats at Plantation Edge I & II, as well as nearby resale prices of $322,500 to $388,000, offering buyers a much lower entry point into Tengah.”

“With a waiting time of three years and two months, Plantation Dew also offers one of the quicker completion times in this exercise.” 

Toa Payoh Hillside (Prime), Bayshore Sails and Bayshore Oasis (both Plus) see largest applicant turnouts 

Toa Payoh Hillside, as well as Bayshore Sails and Bayshore Oasis saw the largest applicant turnouts of the exercise. 

In total, Toa Payoh Hillside drew 9,635 applicants for its 1,432 flats, while Bayshore Sails and Bayshore Oasis drew 10,103 applicants for a combined total of 2,492 flats. 

“Together, these projects accounted for more than half (56.4%) of the total applicant pool in the November exercise. This comes as little surprise given the established popularity of both locations.”

On Bayshore Sails and Bayshore Oasis:

“The return of Bayshore as a BTO location likely helped sustain applicant interest, as the area has not seen any new flat supply since Bayshore Vista and Bayshore Palms were launched in October 2024.”

“This marks the first time in two years that buyers have had the opportunity to secure a home near East Coast Park with direct access to Bayshore MRT station.”

Healthy demand for Chencharu Acres (Standard); Sembawang Anchor (Standard) sees subdued turnout

On Chencharu Acres:

“Buyers targeting Standard flats may have been drawn to Chencharu Acres because Yishun is a mature township with more established amenities than Sembawang North, a newer precinct.” 

“Chencharu Acres offers clear value to prospective buyers targeting Standard projects, as it is just one bus stop from Khatib MRT station and Khatib Polyclinic. Once completed, the project will also be adjacent to Yishun Stadium and a future civic and community centre.”

On Sembawang Anchor:

“While overall demand for Sembawang Anchor was muted, the quieter response offers a clear advantage to serious applicants seeking flats with shorter waiting times.” 

“With first-timer family subscription rates for 3-room and larger units ranging from 0.3 to 1.0 at Sembawang Anchor, most applicants would be able to secure a home.”

END

For media queries, please contact:
Eugene Syn
PR Manager
eugene.syn@era.com.sg