The Housing Development Board (HDB) is set to launch 4,692 flats across six projects in its February 2026 Build-To-Order (BTO) exercise, the smallest since February 2022. Of these, 1,316 flats across three projects will feature a shorter waiting time (SWT) of less than three years, potentially attracting demand from the resale market and stabilising prices.
The Sale of Balance Flats (SBF) exercise in February 2026 will offer flats in attractive locations, with nearly 20% already completed, which may divert some demand from the resale market. The BTO exercise will include 1,052 Prime flats, 1,406 Plus flats, and 2,234 Standard flats.
In Bukit Merah, the BTO project is adjacent to Redhill Peaks, which had a high application rate previously. The area is well-connected with amenities and transport links, making it highly desirable. The application rate for 4-room flats among first-timers is expected to be around 2 to 3.
Tampines Nova, a Plus flat project, is popular due to its proximity to Tampines Central and MRT station. With only 133 4-room flats available, the application rate from first-timers may exceed 5. In Toa Payoh, Kim Keat Crest offers a waiting time of just over three years, appealing to those seeking a central location.
The Standard flats in Tampines Bliss boast a waiting time of 1 year and 11 months, making them attractive compared to the resale market. With only 204 4-room units, competition is expected to be fierce, with application rates potentially exceeding 5.
In Sembawang, the BTO projects Sembawang Deck and Sembawang Voyage will offer the only 5-room flats in the February 2026 exercise. These projects are near future developments and offer a good chance for applicants to secure a flat, with expected application rates for 4-room and 5-room flats among first-timers being less than 1.
