HDB will be launching approximately 4,500 BTO flats in the May 2022 exercise and it comprises of two Prime Location Public Housing (PLH) projects in Bukit Merah and Queenstown.
The locations for the non PLH BTO units will be in Jurong West, Toa Payoh and Yishun.
National Development Minister Desmond Lee encouraged HDB flat applicants to apply for non mature estates in Jurong West and Yishun for a higher success rates.
HDB BTO May 2022 launch will also see a concurrent Sale of Balance Flats (SBF) exercise, which will offer units across various towns and estates in Singapore.
HDB is targetting to launch up to 23,000 new flats this year.
The response has been very positive for the PLH projects in Rochor and Kallang/Whampoa. The PLH model was introduced in October 2021 to ensure that HDB flats in prime and central locations remain affordable and accessible for Singaporeans.
About 80 per cent of HDB buyers who have been invited for the selection exercise for the first PLH project at Rochor, River Peaks I & II, have booked their flats, higher than the average of 60 per cent for most BTO projects.
Property analysts predicted that the 4-room PLH BTO flats at Queenstown could start from S$500,000 while the 4-room flats at Bukit Merah could start from S$550,000.