June 2026 BTO launches may draw demand after February moderation

Application rate eases as buyers await larger projects.

Analysts said buyers may be holding back for June 2026 launches in Bishan, Ang Mo Kio and Bukit Merah after application rates in February’s Build-To-Order (BTO) exercise moderated, according to separate commentaries.

As at 12 p.m. on 11 February, 13,832 applicants were vying for 4,692 BTO flats, translating to an overall application rate of 2.9, according to Christine Sun, chief researcher and strategist at Realion (OrangeTee & ETC) Group.

By 5 p.m. the same day, 14,052 applicants had applied for the same number of flats, resulting in an application rate of 3.0, according to Kelvin Fong, chief executive officer of PropNex Realty.

Sale of Balance Flats (SBF) recorded stronger interest, with over 15,400 applicants for 4,320 units, reflecting an application rate of about 3.6, Sun said, adding that some buyers may have opted for SBF units due to shorter waiting times.

Lee Sze Teck, senior director of data analytics at Huttons Asia, said the softer BTO response could be linked to the upcoming June launches, where around 6,800 to 6,900 flats across seven projects are expected to be offered.

At Tampines Nova, 2,452 applicants applied for 122 two-room flexi flats, translating to an overall application rate of 20.1, Sun said.

Fong noted five-room flats in Sembawang recorded an application rate of 0.7.

The first-timer family application rate had eased to 0.8 and median household income now exceeds $12,000 per month, suggesting it may be timely to review the BTO income ceiling, though demand among singles for two-room flexi flats remains firm, Lee added.

Huttons and Realion said June’s launches, which include projects in mature and centrally located estates, may influence demand patterns for the rest of 2026.

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