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Holland Vista BTO: A Comprehensive Guide (June 2024 BTO)

Maelyn Lagman

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The June 2024 BTO exercise is set to be a game-changer for prospective homeowners, offering a golden opportunity to own a piece of prime real estate at a fraction of the market price. Among the eight projects launched, Holland Vista BTO in Queenstown stands out for its prime location and exceptional amenities. This is more than just a housing project; it’s a chance to secure your future in one of Singapore’s most sought-after areas. 

Also, stay tuned for the upcoming October 2024 BTO launch, offering the most number of new flats this year across prime locations in Singapore. One of the exciting Oct 2024 BTO launches is in Kallang/Whampoa where HDB will be offering open-concept layouts; there will also be launches in Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Pasir Ris, Sengkang, and Woodlands.

Table of Contents:

Everything you need to know about Holland Vista BTO

The June 2024 BTO exercise has brought exciting news for prospective homeowners, with the launch of 6,938 flats across eight new projects. One of the standout projects in this launch is Holland Vista in Queenstown, a prime location offering both affordability and accessibility.

Project overview of Holland Vista BTO in Queenstown

Project Name: Holland Vista BTO
Address: Queenstown, Singapore
Flats Available: 2-room Flexi, 4-room
Number of Units Available:
2-room Flexi (Type 1): 38
2-room Flexi (Type 2): 76
4-room: 228
Total Units Available for Holland Vista BTO: 342

Breakdown of Holland Vista BTO prices

Flat TypeSelling Price (Excluding Grants)Selling Price (Including Grants)Transacted Prices of Resale Flats Nearby
2-room FlexiFrom $209,000From $129,000
4-roomFrom $582,000From $537,000$888,000 – $1,150,000

In recent years, Queenstown has seen a steady increase in property prices due to its prime location and excellent amenities. The transacted prices for resale flats in the vicinity of Holland Vista BTO range from $888k to $1.15 million for 4-room flats.

Line graph showing the median prices of different room types (executive, 5-room, 4-room, 3-room, 2-room) over time from January 2023 to May 2024. The executive room type is the most expensive, followed by the 5-room, 4-room, 3-room, and 2-room types.

The last highest transacted price for a 4-room flat in Queenstown is $1.24 million. From the start of 2023 to this quarter, there have been 375 transactions of 4-room flats, with prices ranging from $428.9k to $1.2 million. They have a median price of $885k. 

Why Holland Vista BTO is a great opportunity

1. Holland Vista BTO is a PLH flat 

Holland Vista falls under the Prime Location Public Housing (PLH) model, which means the Minimum Occupation Period (MOP) of 10 years. While this is double the typical MOP of 5 years, flats will benefit from additional subsidies on top of the substantial market discounts already applied to all BTO flats. This ensures that flats remain affordable despite being in a prime location. As a result, the flats are priced significantly lower than comparable resale flats in the area.

Artist's impression of a modern residential building complex with a playground, green spaces, and a community center. The design features a mix of high-rise and low-rise buildings with balconies and large windows. A diverse group of residents can be seen enjoying the amenities.

2. As a PLH flat, you get substantial financial benefits

The PLH flats in Holland Vista BTO will come with additional subsidies, making them even more affordable. The subsidy recovery rate for these flats is set at 9%, which means that owners will need to return 9% of the resale price or valuation upon selling their flats.

3. 20% of BTO flats offered in Holland Vista BTO are set aside for 1st timer families

To support family formations, 20% of the flats in Holland Vista BTO will be set aside for first-timer families, and 2% for second-timer families under the Married Child Priority Scheme. This special allocation ensures that young families have a better chance of securing a flat in this prime location.

What’s so special about Queenstown?

The location of Holland Vista BTO in Queenstown offers numerous benefits:

  • Accessibility: Excellent connectivity via public transport and major roads, including the Queenstown MRT station, which is just a short walk away.
  • Amenities: Proximity to shopping malls, such as Anchorpoint and IKEA Alexandra, as well as healthcare facilities like Alexandra Hospital and Queenstown Polytechnic.
  • Schools: There are nearby reputable schools such as Queenstown Primary School, New Town Primary School, and the National University of Singapore (NUS).

The application process for Holland Vista BTO 

Applications for the June 2024 BTO exercise can be made online via the HDB Flat Portal from 19 June 2024 to 26 June 2024. Prospective buyers are encouraged to plan their finances carefully, considering renovation costs and other expenses, and select a flat that fits their budget and needs.

To improve the chances of securing a flat, applicants are advised to consider non-mature towns like Jurong East, Woodlands, and Yishun, where the supply is higher. Here’s a look at the application rates from the previous BTO launches in Queenstown.

Application rates of past BTO projects in Queenstown

There were no 2-room flexi flats offered in previous BTO launches in Queenstown. However, the application rates for 4-room flats show us that a majority of flats were reserved for second-timer families.

BTO ProjectNo. of UnitsNo. of ApplicantsApplication Rate
First-Timer FamiliesSecond-Timer Families
Ulu Pandan Vista6729090.616.7
Tanglin Halt Cascadia81811080.99.3
Ulu Pandan Glades57225312.345.7

When should you consider a resale HDB flat?

  • If you require immediate housing and cannot wait for the BTO flat construction period, resale flats are available for immediate move-in.

  • If you want to relocate to a more established neighbourhood, resale HDB flats are often located in mature estates with well-developed amenities and infrastructure, providing a settled community feel.

  • If you have specific requirements such as a particular floor plan or location that is not available in the current BTO exercise, resale flats offer a wider variety of choices.

  • If you want to have more options, there is greater variety in the resale HDB market in terms of flat size, layout, and location, giving you more options to choose from.

Sell high, get more for your next BTO 

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FAQs about Holland Vista BTO in June 2024 BTO

1. What types of flats are available at Holland Vista BTO?

Holland Vista BTO offers 2-room Flexi and 4-room flats, catering to different household sizes and needs. A total of 342 units are available in this prime location.

2. What is the waiting time for Holland Vista BTO flats?

The waiting time for Holland Vista BTO flats is approximately 4 years. This allows residents to move into their new homes sooner compared to other BTO projects.

3. What amenities are nearby Holland Vista BTO?

Residents will enjoy proximity to shopping malls like Anchorpoint and IKEA Alexandra, healthcare facilities such as Alexandra Hospital and Queenstown Polyclinic, and reputable schools including Queenstown Primary School and New Town Primary School.

4. Is there any priority allocation for specific groups in this BTO project?

Yes, 20% of the flats in Holland Vista BTO are set aside for first-timer families, and 2% for second-timer families under the Married Child Priority Scheme. This special allocation helps young families secure a flat in this prime location.

5. How do I apply for a flat in Holland Vista BTO?

You can apply for a flat in Holland Vista BTO online via the HDB Flat Portal from 19 June 2024 to 26 June 2024. Ensure you have all required documents ready and submit your application within the specified period.

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