Singapore’s government has announced a significant increase in public housing supply, with plans to launch over 50,000 build-to-order (BTO) flats from 2025 to 2027. This move, revealed during the Committee of Supply debate on the Ministry of National Development’s Budget, aims to address the strong demand for Housing Development Board (HDB) flats in the resale market.
The initiative includes a higher proportion of Shorter Waiting Time (SWT) flats, with about 3,800 SWT flats—20% of this year’s BTO supply—offered with a waiting time of less than three years. PropNex CEO Ismail Gafoor commented, “The continued roll-out of an ample stock of new BTO flats will give more options to prospective buyers and could help to ease the strong demand for HDB flats in the resale market, and in turn, keep resale flat prices stable.”
The Ministry of National Development (MND) also highlighted an increase in the number of flats completing their five-year minimum occupation period (MOP), rising from 8,000 this year to 19,500 by 2028. This increase is expected to alleviate the resale flat supply tightness.
In October 2025, the first BTO project in Mount Pleasant will launch, featuring 1,500 new units. Located near the Mount Pleasant MRT station, the project is expected to attract significant interest due to its central location and proximity to amenities.
Additionally, the government will revise the additional buyer’s stamp duty (ABSD) regime for developers undertaking complex projects. The ABSD remission timeline will be extended by six months to a year for qualifying projects acquired on or after 6 March 2025. Gafoor noted, “Such extensions will give developers more flexibility and may help to mitigate development risks to some extent.”
These measures are part of broader efforts to stabilise the housing market and support both buyers and developers in Singapore.
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