3,000 balance flats to be rolled out in July; 2nd such HDB sales exercise in 2025
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The Housing Board advised home seekers to apply for an HDB Flat Eligibility letter by May 15 so that they can take part in the upcoming sales exercise.
ST PHOTO: AZMI ATHNI
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SINGAPORE – About 3,000 balance flats will be put up for sale in July by the Housing Board, the second such sales exercise in 2025.
About 5,400 Build-To-Order (BTO) flats will also be launched
The second Sale of Balance Flats (SBF) exercise will take the combined supply for such flats in 2025 to about 8,500 units, the largest since 2017, Minister for National Development Desmond Lee said in a Facebook post on April 1.
In February, 5,590 SBF units in varying stages of completion were rolled out. They were oversubscribed, with more than 22,000 applicants for the flats.
SBF exercises were held twice yearly up till 2024, when it was reduced to once a year.
HDB advised home seekers to apply for an HDB Flat Eligibility letter by May 15 so that they can take part in the upcoming sales exercise.
Mr Lee said on Facebook that the authorities are seeing early signs of moderation in price growth across both public and private housing markets.
Prices of HDB resale flats rose 1.5 per cent in the first three months of 2025, according to flash estimates. This was down from the 2.6 per cent price growth in the last quarter of 2024.
To further stabilise the property market, Mr Lee said, more than 50,000 BTO flats will be launched from 2025 to 2027, including about 12,000 flats with shorter waiting times of less than three years. In 2025, HDB will roll out about 19,600 flats.
Mr Lee said that supply tightness in the HDB resale market could be attributed to fewer flats reaching their minimum occupation period (MOP), in part due to construction delays caused by the Covid-19 pandemic.
About 13,500 flats will reach their MOP in 2026, up from 8,000 in 2025, he said. In 2028, this will rise to 19,500 flats.
“This means that more resale flats are entering the market soon and the supply tightness will ease,” he added.
