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June 2024 BTO Launch: Marsiling Peak I & II BTO Overview

Maelyn Lagman

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Marsiling Peak I & II BTO is offering 1,609 new flats, 31 of which are 3Gen flats. Conveniently located near the existing Marsiling MRT station and the upcoming Woodlands North Coast and Woodlands Regional Centre, this BTO offers a blend of serene living with urban conveniences.

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

Project overview of Marsiling Peak I & II BTO

This artist's impression of Marsiling Peak I & II BTO showcases the towering residential blocks with a modern design. The development is surrounded by lush greenery and features various community amenities, providing a harmonious blend of urban living and nature.

Project Name: Marsiling Peak I & II BTO
Address: Marsiling, Singapore
Flats Available: 2-room Flexi, 3-room, 4-room, 5-room
Number of Units Available:
2-room Flexi (Type 1): 134
2-room Flexi (Type 2): 472
3-room: 181
4-room: 429
5-room: 362
3Gen: 31
Total Units Available for Marsiling Peak I & II BTO: 1,609

With residential blocks ranging from 15 to 30 storeys tall, Marsiling Peak I & II BTO is arranged around a central open space, featuring adult and elderly fitness facilities, as well as a children’s playground. Marsiling Peak I & II BTO is served by a Multi-Storey Car Park (MSCP), which comes complete with a children’s playground, adult fitness station, and a community gardening area at its roof garden. The project will also come with a preschool, residents’ network centre, and a hardcourt.

Out of the 1,609 flats offered for sale, 791 flats in Marsiling Peak I BTO will have shorter waiting times of less than 3 years

Breakdown of Marsiling Peak I & II BTO prices

Flat TypeSelling Price (Excluding Grants)Selling Price (Including Grants)Transacted Prices of Resale Flats Nearby
2-room FlexiFrom $94,000From $14,000$325,000 – $360,000
3-roomFrom $207,000From $132,000$435,000 – $485,000
4-roomFrom $304,000From $244,000$565,000 – $651,888
5-roomFrom $449,000From $404,000$680,000 – $790,000
3GenFrom $467,000From $422,000

Over the past year to this month, there have been 2,994 HDB resale transactions in Woodlands at a median price of $535,000. 

Flat TypeVolumeMin PriceMedian PriceMax Price
2 ROOM70$150,000$330,000$374,900
3 ROOM406$285,000$390,000$535,000
4 ROOM1,400$350,000$500,000$690,000
5 ROOM873$418,000$600,000$826,000

Currently, specific resale price data for 3Gen flats is less commonly reported than other flat types due to their relatively new introduction and unique market niche. However, based on available information, you can expect 3Gen flats to resell at prices similar to or slightly higher than 5-room flats. This is due to their larger size and additional amenities designed for multi-generational living.

For instance, 3Gen flats launched in the February 2020 BTO exercise for Canberra Vista had prices ranging from $315,000 to $411,000. Given the rising property prices over the past few years, you can expect the resale prices for 3Gen flats to be higher now.

Here are some factors to consider when looking at 3Gen flat resale prices:

  • Size and Layout: 3Gen flats are larger than typical 5-room flats, often featuring additional rooms and bathrooms to accommodate multi-generational families.
  • Demand and Supply: Due to their specific target market, the demand for 3Gen flats can influence their resale prices. They tend to attract families looking for multi-generational living spaces.
  • Location: The location of the 3Gen flat significantly impacts its resale value, with those in prime areas fetching higher prices.

Why Marsiling Peak I & II BTO is a great opportunity

Strategically located in Woodlands

The location offers you unparalleled access to a wide range of amenities and facilities, making daily life convenient and enjoyable. Just a short distance from the Marsiling MRT station and Woodlands Regional Centre, Marsiling Peak I & II BTO ensures excellent connectivity for you and your family.

Excellent connectivity and amenities

Woodlands is well-connected via major roads and public transport, including the North-South Line at Marsiling MRT station. You will enjoy proximity to shopping malls like Causeway Point and Woodlands Civic Centre, as well as healthcare facilities such as Woodlands Polyclinic and Khoo Teck Puat Hospital.

Comprehensive neighbourhood facilities

Marsiling Peak I & II BTO offers a good mix of unit types compared to other BTO projects, catering to diverse household sizes and needs. You will benefit from the convenience of having various neighbourhood centres located nearby. These centres feature markets, food centres, and a variety of shops for daily necessities. More shopping and dining options are available at Woodlands Regional Centre, where malls such as Causeway Point are located. Visit Where2Shop@HDB to find out more about HDB’s heartland shops in the area.

Access to green spaces and recreational facilities

Besides the scenic Marsiling Park, residents can head to Woodlands Waterfront Park or take leisurely strolls along the Admiralty Park Connector. You can also sign up for courses at the nearby Woodlands Community Club to pick up new hobbies or bond with nearby residents.

Educational institutions nearby

For families with school-age children, Marsiling Primary School and Marsiling Secondary School are nearby. Other schools in the area include Fuchun Primary School, Woodgrove Secondary School, and Singapore Sports School, ensuring that educational needs are well-catered for.

The application process for Marsiling Peak I & II BTO

You can apply for the June 2024 BTO exercise online via the HDB Flat Portal from 19 June 2024 to 26 June 2024. However, there’s bound to be high competition for Marsiling Peak I & II as it is located in a rapidly developing estate. To improve your chances of securing a flat in the June 2024 BTO exercise, consider applying for units in non-mature towns like Jurong East and Yishun, where the supply is higher.

This artist's impression of Marsiling Peak I & II BTO showcases a vibrant and lush community space. The image features well-designed walking paths, fitness stations, and children's playgrounds surrounded by greenery, nestled between modern residential towers.

Application rates of past BTO projects in Woodlands:

4-room flats have seen the highest application rates in past BTO projects in Woodlands. For example, the 672-unit Woodlands Vista and the 818-unit Woodlands GreenHaven saw the highest oversubscription rates from second-timer families at 20.5 and 25.3 respectively. Similarly, 5-room flats were just as popular among the same group of BTO buyers.

When and why you should consider a resale 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 on Marsiling Peak I & II June 2024 BTO

1. What flat types are available at Marsiling Peak I & II BTO?

Marsiling Peak I & II BTO offers 2-room Flexi, 3-room, 4-room, 5-room, and 3Gen flats, catering to various household sizes.

2. When can I apply for Marsiling Peak I & II BTO?

Applications are open from 19 June to 26 June 2024 via the HDB Flat Portal.

3. Where is Marsiling Peak I & II BTO located?

The project is located in Marsiling, close to Marsiling MRT station and the upcoming Woodlands North Coast and Woodlands Regional Centre.

4. What amenities are near Marsiling Peak I & II BTO?

Residents will have access to Marsiling Mall, Marsiling Market & Food Centre, and various parks including Marsiling Park and Woodlands Waterfront Park.

5. Are there educational institutions near Marsiling Peak I & II BTO?

Yes, nearby schools include Marsiling Primary School, Marsiling Secondary School, and Fuchun Primary School, providing educational options for families.

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