Comprehensive Guide To HDB BTO Launches in June 2024

March 25th 2024

For those eager to learn more about the upcoming BTO (Build-To-Order) projects in June 2024, we’ve got you covered with all the important details and tips on navigating this exciting period. The Housing Development Board is set to release up to 19,600 flats. As a result of the reduction in the number of yearly BTO launches from four to three, June looks to be a key period for those looking to move into their dream home. 

Source: HDB


BTO Launches Overview


As mentioned above, 19,600 flats have been approved for release in 2024 with the details of each BTO project to be released three months before the launch. As for the balloting process, to book a BTO flat, you’ll be required to ballot for your unit of choice with the outcome released about two months after your application is processed. If your ballot is successful, a queue number will be sent to you to determine the order of flat selection. Don’t feel discouraged if your application is unsuccessful as you can apply again for non-mature estates with a higher probability of approval. The June 2024 BTO launch will also be the last where non-mature and mature estate categories will be used with a shift in classification to Standard, Plus, or Prime. 

Credit : HDB

Special Considerations


There are some special considerations to take note of with families with children and married couples aged 40 and below are in line to receive an additional ballot to improve their chances of approval on their BTO application. 


The next item to consider is The Prime Location of Public Housing (PLH) scheme is an initiative started by the HDB for selected BTO projects. This special initiative offers flats at prime locations that are highly sought after for their desirable amenities, ease of access, and better quality of living. These locations offer amenities nearby such as community centers, malls, grocery stores, parks, or public transportation. As they are situated in prime locations, they are also more likely to retain or elevate their value over time which makes them key investment opportunities. This is why special consideration is required as the balloting process will be highly competitive and will reflect in the higher prices for these units. Though the competition is fierce and the prices are higher, there is merit to the long-term benefits of these prime location units and may justify the effort and funds that go into them. 


Location of the Kallang/Whampoa HDB BTO June 2024 flats, bounded by Kampong Arang Road, Tanjong Rhu Road, Sampan Place, and Geylang River. Source: HDB


  1. Jurong East 


This project will be in close proximity to the future Pandan Reservoir MRT station that is opening in 2028. Nearby amenities include the Teban Gardens Food Centre, Ayer Rajah Community Club, Pandan Reservoir, Teban Place, and International Business Park. There is also a rich selection of schools such as Pandan Primary School, Commonwealth Secondary School, and Fuhua Primary School. The unit mixes set to be announced are 2-room, 3-room, 4-room, and 5-room flats. 


  1. Kallang

The estate will be situated close to Tanjong Rhu and Katong Park Mjsons, at the upcoming MRT Stations. Nearby amenities include Leisure Park Kallang, Singapore Indoor Stadium, Kallang Football Hub, and Kallang Community Centre. It offers a choice of 2-room Flexi, 3-room, and 4-room units.


  1. Queenstown


Near the BTO project, fronting Holland Village MRT Station, there are convenient facilities in Queenstown. The site is near the Holland Village and Buona Vista Community Club, plus The Star Vista. It is close to the Anglo-Chinese School (International), Fairfield Methodist School, and INSEAD. A mix of units will be launched, including 2-room Flexi and 4-room (price to be announced).


Location of the Queenstown HDB BTO June 2024 flats, bounded by Holland Drive. Source: HDB

  1. Tampines


Just announced is a new BTO project that will cover the Tampines West MRT station located at Tampines, enabling its dwellers to be close to Safra Clubhouse, Our Tampines Hub, and St. Andrew's Community Hospital. The upcoming development right by Junyuan Primary School and Temasek Polytechnic will comprise a mix of 2-room Flexi, 4-room, and 5-room units (price to be announced).

Location of the Tampines HDB BTO June 2024 flats, bounded by Tampines Avenue 1, Tampines Street 92, and Tampines Street 94 (u/c). Source: HDB


  1. Woodlands


The new BTO housing project in Woodlands is placed close to a brand new location, Woodlands North, with its respective amenities such as Admiralty Park, Marsiling Park, Woodlands Waterfront Park, Causeway Point, Woodlands Checkpoint, Woodlands Sports Centre, and the Woodlands MRT stations, where said stations contain 2-, 3-, 4-, 5-room units and the 3Gen units.


  1. Yishun


The BTO project in Yishun, near Khatib MRT station, is sitting right next to Lower Seletar Reservoir Park, Yishun Sports Hall, and Sembawang Country Club Golf Course. In addition to these, it is flanked by schools such as Peiying Primary School and Chung Cheng High School and will yield the leafy tranquility of the Windsor area, with a mix of 2-room Flexi, 3-room, 4-room, and 5-room units when completed 

Location of the Woodlands June BTO 2024 flats, bounced by Marsiling Lane. Source: HDB


Steps after the approval of your June 2024 BTO flat application


With this important step completed and with your stride into the property market, it surely calls for some home financing. It's really exciting to have it in your hands, but some key monetary decisions are waiting to be taken, which will shape a big part of your future.

HDB Loan vs. Bank Loan

One key decision that you would make is whether you want an HDB loan or a bank loan. Here's a brief overview of what they each entail:

HDB Loan:

Offers a fixed interest rate, which provides stability in your monthly payments. The loan amount is capped at 90% of the flat price, including the downpayment. Loan tenure can be up to 25 years, depending on your age. Repayment using Central Provident Fund (CPF) savings is allowed. No early repayment penalty.

Bank Loan:

Interest rates can be fixed or floating, giving you flexibility. The loan amount can go up to 75-80% of the flat price, with the rest covered by cash or CPF. Loan tenure can vary, usually up to 30 years. Repayment can be made using CPF savings and cash. There might be penalties for early repayment, depending on the bank.

Affordability Calculator

You can check which one out of these options goes well with your financial status by using an Affordability Calculator. 

The monthly home loan installments can be estimated using this tool to your best advantage, considering your income, expenses, and other information related to the loan. You have to make sure that these payments fall within your budget.


Factors to Consider When deciding between an HDB loan and a bank loan, consider the following:

Interest rates: Compare the deposit interest between HDB and banks. The home loans provided by HDB charge a fixed interest rate prevailing at that time, whereas the banks provide a floating and fixed interest loan on a home.

Loan amount: Figure out the total loan amount availed under both options. HDB loans give a 90% quantum, while in most banks, it is 80%.

Loan Tenure: Choose the tenure of the loan according to your status. Longer tenures reduce equated monthly installments but also increase the amount of interest that is paid over the loan tenure.


Repayment Options: Know how the repayment is done. For HDB loans, primarily, CPF savings are used. For bank loans, a combination of CPF and cash can be used.

Flexibility: Consider if you prefer a stable monthly payment (HDB loan) or flexibility with interest rates (bank loan). Seeking Expert Advice If you aren't sure what loan is right for you, it is probably best to talk it out with a PropertyGuru Finance Mortgage Expert so that your advice is based on your financial profile. They will also help compare loans offered by different banks to land on the most beneficial alternative for you. Either of these major decisions can affect one's financial life for a few years, so it is vital to take time and be aware of the advantages and disadvantages offered by HDB loans and bank mortgages. Take some time to be conscious of the pros and cons of using the Affordability Calculator and seeking expert advice. 


Good luck on your homeowner journey!


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