News > Upcoming BTOs in Bayshore: Unique HDB with Sea Views

Upcoming BTOs in Bayshore: Unique HDB with Sea Views

27 September 2024

The highly anticipated Bayshore BTO projects are set to make waves on Singapore's East Coast. With approximately 1,400 units across 2-room Flexi, 3-room, and 4-room flats, these BTO projects are expected to generate considerable interest. Scheduled for launch in October 2024 , the Bayshore BTOs represent the government’s commitment to offering in prime locations under the new Plus model.

Image: Artist’s Impression of Bayshore estate & Location of upcoming BTOs. Source: HDB

What to Expect from the Upcoming Bayshore BTOs

Plus Model: Affordable Housing with More Benefits

The Plus model flats, a relatively new scheme by HDB, are designed to offer greater affordability with enhanced features and benefits. These flats come with additional subsidies , making homeownership more accessible for Singaporeans. However, they also come with a longer Minimum Occupation Period (MOP) of 10 years. This extended MOP aims to ensure that flats remain owner-occupied for a longer period, supporting long-term residents and fostering a strong sense of community.

Under the Plus model, flats in premium locations like Bayshore will be subsidised but with certain restrictions, such as the longer MOP and possible resale limitations. This ensures that the housing remains affordable while enhancing its attractiveness as a long-term investment.

HDB Flats with Sea Views

Located along Upper East Coast Road , the Bayshore BTO projects stand out for their proximity to East Coast Park, offering residents easy access to beaches, cycling paths, and green spaces. This location is perfect for families and outdoor enthusiasts who value a balanced lifestyle.

With full-height windows, many of the 1,400 units will enjoy stunning views of either East Coast Park or the vibrant cityscape of Bedok town. These rare waterfront views are typically reserved for private residential developments, making these HDB projects unique.

Image: Aerial view of East Coast Park. Source: launches.sg.

Seamless Connectivity: 2 MRT Stations and More

The Thomson-East Coast Line (TEL) will be a major draw for future residents. Bayshore MRT station is just a 5-minute walk from the development, offering quick access to central areas. The nearby Bedok South MRT station further enhances connectivity, ensuring convenient commuting to and from the city centre.

Additionally, Bayshore Drive will feature a Transit Priority Corridor (TPC), a 400-meter bus-only lane that also includes footpaths, cycling paths, and wider pavements, making the area more pedestrian- and cyclist-friendly.

Amenities nearby Bayshore BTOs

Future Bayshore residents will enjoy proximity to various amenities, such as:

Schools: Temasek Primary School, Victoria School, and Temasek Junior College are a short distance away, offering top-tier education options.
Food & Restaurants: The area is renowned for its seafood restaurants and other popular dining spots along the East Coast Lagoon and East Coast Seafood Centre.
Retail and Dining: Bayshore is near Bedok Mall and Siglap Centre, offering a wide variety of shopping and dining options.
Healthcare: The area is well-served by medical facilities such as Bedok Polyclinic and nearby hospitals.

Private Property Market in Bayshore: Transaction Price and Volume

Historically, Bayshore has been dominated by private residential developments, with average resale prices in the area at $1,371 PSF over the past three years. Projects like Costa Del Sol and The Bayshore are well-known for their luxurious sea views and proximity to East Coast Park.

Image: Condo Resale Market in Bayshore area between October 2021 – September 2024. Source: RealInsight

In addition to the BTOs, a new private condo project is expected with a Government Land Sale (GLS) slated for November 2024. The project will offer an estimated 515 units, further increasing the private housing supply in the area since the launch of Sea Pavilion Residences in 2018.

Image: Upcoming GLS at Bayshore in 2024 on Map View. Source: RealInsight

Public Housing Market in D16 Bedok

Since there is no available resale data for HDB flats in Bayshore, we can look at the resale trends in District 16 (D16) Bedok for broader insights. Over the past three years, HDB resale flats in D16 have seen a 21.7% growth , with an average price of $533 PSF. This steady growth highlights the rising demand for public housing in the district and underscores the potential for price appreciation in future BTO projects in the Bayshore area, given its desirable location and strong public housing demand in D16.

Image: HDB Resale Market in D16 between October 2021 – September 2024. Source: RealInsight

Outlook: High Demand Expected for Bayshore BTOs

The demand for the Bayshore BTOs is expected to be exceptionally strong, driven by several factors:

1. First HDB Projects in Bayshore:

These will be the first-ever HDB flats in Bayshore estate, adding more public housing options to a predominantly private estate.

2. Prime Location with Sea Views:

The rare opportunity to own affordable flats with waterfront views in East Coast Park makes the Bayshore BTOs a highly desirable choice.

3. Strong Historical Demand:

The historical subscription rate for BTOs in nearby Bedok has been high, with Bedok South Blossoms seeing 5 applicants per 2-room Flexi flat , 4.7 applicants per 3-room flat , 3.7 applicants per 4-room flat , and 5.3 applicants per 5-room/3Gen flat. This trend is expected to continue for the upcoming Bayshore BTOs.

4. Potential for Price Appreciation:

With the average resale price for HDB flats in Bedok growing at a rate of 21.7% over the past three years, future Bayshore BTO resale flats can be expected to see similar growth in value as the area continues to develop.

*Data is accurate as of the published date of this article.

All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.

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