The Housing Development Board (HDB) is set to launch its first Build-To-Order (BTO) project at Mount Pleasant in October 2025. This development is expected to attract significant interest due to its prime location, situated close to Mount Pleasant MRT station and less than 1km from Toa Payoh. Nearby educational institutions include CHIJ Primary (Toa Payoh) and Singapore Chinese Girls’ School (Primary).
The Mount Pleasant BTO may be classified as a Prime BTO, given the high resale flat prices in the mature estate of Toa Payoh, which boasts one of the highest numbers of million-dollar resale flats. Consequently, the government might need to offer additional subsidies to ensure these flats remain affordable and accessible to potential buyers.
Pricing for a four-room flat in this development is anticipated to start at S$525,000. The project will feature blocks exceeding 40 storeys, with top-floor units potentially offering unblocked views of the city and commanding prices above $700,000.
Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, commented on the project’s appeal, noting its strategic location and the potential for high demand. As the launch approaches, prospective buyers are likely to keep a keen eye on the details of this coveted BTO project.
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