Mount Pleasant BTO launch to see high demand in October: analysts

The growing supply of new HDB flats could help moderate price growth in the resale market.

The upcoming Mount Pleasant BTO launch in October 2025 is expected to see strong demand as buyers eye a rare opportunity to secure public housing in a central location, according to property analysts from OrangeTee and PropNex.

Experts highlighted that the growing supply of new HDB flats—including 50,000 BTO units from 2025 to 2027—could help moderate price growth in the resale market.

"Given its location in the central region, proximity to the MRT station, future commercial offerings nearby, and prospects of scenic views on high-floor units, the upcoming BTO project in Mount Pleasant will likely be classified as either Prime or Plus flats," said Ismail Gafoor, CEO of PropNex.

OrangeTee noted that buyers may see Mount Pleasant as the "next Bishan or Toa Payoh", given its centrality and potential for high future resale value.

With more flats completing their Minimum Occupation Period (MOP) from 8,000 in 2025 to 19,500 in 2028, analysts believe this will expand resale supply and ease price pressures.

Under the Fresh Start Housing Scheme, the government has increased the grant for public rental families to $75,000 from $50,000, making homeownership more accessible.

Meanwhile, the Silver Housing Bonus (SHB) has been expanded to include seniors selling private properties with an annual value between $21,000 and $31,000.

"This initiative offers a significant opportunity for seniors to capitalize on the value of their assets while improving their strategic planning for retirement, financial stability, and medical needs," said OrangeTee.

Developers working on large or complex projects (700+ units) will now receive an ABSD remission extension of 6 to 12 months, allowing them more time to complete and sell units.

While developers welcomed the change, PropNex does not anticipate an en bloc revival anytime soon.

"This may also be good news for owners of older residential developments who are seeking collective sale. That said, we do not expect this announcement to spark a revival in the en bloc market - developers continue to be cautious given the high cost of redevelopment, ample oncoming private housing supply, and potential policy risk," Gafoor added.

With the expansion of public housing, adjustments in affordability policies, and revised ABSD measures, Singapore’s property market is set for greater stability in 2025.

The Mount Pleasant BTO is expected to be a top pick, marking one of the last chances to secure public housing in a prime location. Meanwhile, an increase in MOP completions and new BTO launches will provide more choices for buyers.

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