The October 2025 Build-To-Order (BTO) exercise witnessed a significant rise in applications, with 31,095 applicants vying for 9,144 flats, according to Huttons. This marks a 34.3% increase from the July 2025 exercise. The surge is attributed to projects in sought-after areas such as Bishan, Bukit Merah, and Toa Payoh, which have historically hosted a high number of million-dollar flats.
The median application rate for first-time families and second-time families for three-room and larger flats rose to 1.7 and 14.8, respectively, from 1.4 and 11.7 in July. The increased allocation rate for second-timer families by 5 percentage points is also believed to have contributed to the heightened demand.
Projects like Bishan Terraces, Berlayer Residences, and Mount Pleasant Crest attracted thousands of applicants. Berlayer Residences, despite a 14% clawback subsidy, drew significant interest, indicating long-term residency plans among applicants. Mount Pleasant Crest, located near Mount Pleasant MRT station, saw over 3,000 applicants for each four-room flat.
Bishan Terraces received over 1,300 applications for its four-room flats, driven by upcoming amenities and limited land availability near Bishan MRT. Meanwhile, Chencharu Grove and Teban Heights were popular for their larger five-room flats and proximity to transport links.
Despite high prices, Ping Yi Court attracted over 480 applicants for its 290 five-room/3Gen flats, highlighting the demand for such units in mature estates. The relaxation of policies for singles has maintained high application rates, particularly in mature estates like Bedok and Toa Payoh.
