HDB BTO Kovan-Wellspring
HDB BTO Kovan-Wellspring

HDB launched 4,989 flats for sale under the August 2021 BTO Exercise. The flats on offer are spread across seven projects in Hougang, Jurong East, Kallang Whampoa, Queenstown and Tampines. F

Table 1: Flat Prices in August 2021 BTO Exercise

TownProjectFlat TypeTransacted Prices of
Resale Flats Nearby #
Selling Price
(Excluding Grants)
Selling Price
(Including Grants ^)
Non-Mature Towns

Hougang Citrine ~

Kovan Wellspring

2-room Flexi ^^From $108,000From $28,000
3-room$340,000 – $370,000From $199,000From $124,000 
4-room$460,000 – $590,000 From $324,000 From $264,000
5-room$525,000 – $560,000 From $392,000From $347,000 
Jurong East

Toh Guan Grove

2-room Flexi ^^ –From $121,000 From $41,000
3-room – From $237,000From $162,000 
4-room$475,000 – $530,000  From $347,000From $287,000 
Mature Towns
Kallang / Whampoa

Towner Residences

3-roomFrom $336,000 From $276,000
4-room$550,000 – $733,000 From $500,000 From $455,000
QueenstownQueen’s Arc3-room$580,000 – $608,000 From $382,000From $322,000
4-room$790,000 – $875,000 From $540,000From $495,000
Tampines Tampines GreenQuartz ~

Tampines GreenJade ~
2-room Flexi –From $142,000 From $62,000
3-room –From $244,000From $184,000
4-room$505,000 – $574,000From $342,000 From $297,000
5-room$540,000 – $650,000 From $475,000From $445,000

Note: Selling prices are rounded up to the nearest thousand dollars.

^ Unless otherwise stated, the starting prices of the flats are based on 99-year leases. For illustration purposes, the assumed EHG amounts are:
i) 2-room Flexi flat: $80,000
ii) 3-room flat: $75,000 in non-mature towns and $60,000 in mature towns
iii) 4-room flat: $60,000 in non-mature towns and $45,000 in mature towns
iv) 5-room flat: $45,000 in non-mature towns and $30,000 in mature towns

The starting prices after grant amounts are illustrative, assuming that the household incomes of eligible first-time buyers of flats in the mature towns are higher. The actual grant amount received will depend on the buyers’ income and eligibility. Read more on EHG in HDB InfoWEB.

~ Prices include the costs of floor finishes, internal doors and sanitary fittings.

# Details on the comparable resale flats can be found on the HDB Flat Portal. In making comparison, please take into account the differences in attributes between the comparable resale flats and the BTO flats.

^^ Singles who apply for a 2-room Flexi flat under the Single Singapore Citizen (SSC) Scheme will pay $15,000 more than married couples. Eligible singles can also apply for the EHG of up to $40,000. The actual grant amounts will vary according to income.

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