Huttons’ comments on HDB Aug 2020 BTO exercise
The HDB launched its first BTO exercise after the circuit breaker with 7,862 flats for sale. It is a combination of the postponed BTO exercise in May and the schedule Aug BTO exercise.
It is the biggest BTO launch since HDB moved to a quarterly launch in 2015. It is 11.3% higher than Nov 2015 which was the previous high in terms of flats launched for sale.
The huge launch is justified as demand for new flats was bottled up during the circuit breaker period. The HDB resale market saw a quantum leap in transactions in June and sales remain elevated in July as well.
My top picks for this launch would be Dakota One, Costa Grove and Parc Residences @ Tengah.
For Dakota One, amenities like Old Airport Road Hawker Centre and the Dakota MRT station is almost at its doorstep.
Costa Grove is near to the existing Pasir Ris MRT station and White Sands Shopping Centre. In the future, there will be a new integrated development and a Cross Island Line station nearby as well.
Parc Residences @ Tengah will appeal to those who love the nature as the nature is integrated into its design. This will also be the first car-free town centre in Singapore and the town centre will be directly connected to a MRT station.
One word of caution for buyers looking at Tengah is the large supply of flats which has been offered since Nov 2018. An estimated 10,600 flats will be offered by Feb 2021. These flats will be completed within the next three to five years, giving a bit of competition to those who are looking to sell after the minimum occupation period.
For buyers who can wait out this round, the Nov 2020 BTO exercise will offer choices in Bishan and Bidadari which are much better.