HDB to launch 1,600 BTO flats in Lakeview and Shunfu; first new supply in over 40 years
The first 1,200-unit Lakeview project will be launching in June this year
[SINGAPORE] The Housing & Development Board (HDB) will launch a 1,200-unit Build-To-Order (BTO) project in Lakeview this June, kicking off the first supply of new public housing in the Lakeview and Shunfu areas in more than four decades.
On Monday (Feb 2), HDB announced that the project is part of a larger pipeline of about 1,600 new homes planned for the two established estates.
“These are the first BTO flats to be built in this area in over four decades, and they reflect our continued commitment to renew and rejuvenate our established towns,” said Minister for National Development Chee Hong Tat.
The remaining supply, comprising two smaller projects in Lakeview and Shunfu, will be launched within the next two years.
June 2026 launch
Situated along Upper Thomson Road and next to the existing Lakeview Estate condominium, the project that will be launched in June will comprise five residential blocks ranging from 18 to 40 storeys.
The development will offer a mix of unit types to cater to different buyers. There will be about 470 units of two-room flexi flats, about 740 units of four-room flats, and about 50 units of public rental flats integrated into two of the blocks.
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HDB noted that the blocks will feature staggered heights to integrate with the surrounding low-rise developments, and will be oriented to provide residents with views of the nearby MacRitchie Reservoir.
Construction works for this first project are scheduled to begin progressively from the second quarter of 2026.
Future supply
Following the June exercise, HDB will release the two additional projects in the vicinity over the next two years. These subsequent launches will comprise about 130 three-room flats and 290 four-room flats.
The board stated that these projects aim to provide more options for homebuyers, particularly those wishing to live closer to family members in nearby mature towns such as Toa Payoh, Bishan and Ang Mo Kio.
Chee said: “Beyond Bishan-Toa Payoh, we are also bringing more public housing into more mature towns, so that these towns remain inclusive and vibrant for residents of all ages. We want to support family members to live closer to one another for mutual care and support.”
He added: “Many of our residents at Bishan-Toa Payoh and Marymount have shared this request with me. It is a key consideration in our approach (to) public housing.”
Eugene Lim, key executive officer of ERA Singapore, said that the new projects are expected to appeal strongly to first-time buyers who are seeking to live close to mature amenities, transport nodes and within familiar neighbourhoods.
“The nearest existing flats to these future estates are located in the nearby Shunfu Gardens estate, which dates back to 1984. As such, we expect fresh supply to see strong interest, particularly among first-time buyers seeking modern homes in this established neighbourhood,” noted Lim.
Connectivity and amenities
Future residents will have access to the Marymount MRT station and the North-South Corridor, which is expected to be completed in phases starting from 2027.
New covered linkways will also be built to connect the Lakeview BTO project to bus stops along Upper Thomson Road, HDB said.
“Homebuyers and residents living in the area can look forward to a range of new amenities, such as an eating house, mini-mart, clinic, bakery, hair salon and a childcare centre, located conveniently within the first Lakeview BTO project,” it added.
Other recreational amenities include intergenerational playgrounds, fitness stations, and roof gardens atop multi-storey car parks.
The existing park connector along Upper Thomson Road will also be realigned to facilitate easier access to green spaces at MacRitchie Reservoir.
“Given these locational attributes, the Lakeview and Shunfu projects are likely to fall under the Prime category within HDB’s classification framework,” said ERA’s Lim.
Further details on the project’s classification will be announced closer to the launch in June, noted HDB.
“Prices are expected to reflect their mature and well-connected setting, and could come in a shade higher than recent Prime launches such as Toa Payoh Ascent in the July 2025 exercise,” Lim said.
At Toa Payoh Ascent, prices for two-room Flexi flats ranged from S$261,000 to S$354,000, while four-room flats were priced between S$583,000 to S$777,000.
“With Toa Payoh Ascent Prime flats subject to an 11 per cent subsidy clawback, Lakeview and Shunfu flats could see a similar rate should they be classified as Prime units,” Lim added.
However, Nicholas Mak, chief research officer of Mogul.sg, said that the three new BTO projects may be more likely classified as Plus flats.
“The retail and commercial amenities around the Marymount MRT Station is lacking compared to the well-developed Bishan town centre at the Bishan MRT interchange. Therefore, we expect the three new BTO projects to be classified as HDB Plus flats, rather than Prime flats,” he said.
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