Singapore’s housing landscape is set to welcome a major new addition as Minister for National Development Desmond Lee announced the first Build-to-Order (BTO) project in the Mount Pleasant estate during his Committee of Supply (COS) speech on March 5. This upcoming project, slated for launch in the October 2025 BTO exercise, will mark the first of six public housing developments planned for the new estate.
A Milestone in Mount Pleasant’s Redevelopment
The first BTO project in Mount Pleasant will introduce approximately 1,500 units of 2- to 4-room flats. These new homes form part of the government’s plan to launch 50,000 BTO flats between 2025 and 2027. The entire Mount Pleasant estate, once fully developed, is expected to provide about 5,000 new homes, reinforcing Singapore’s efforts to meet housing demand in prime locations.
The estate sits on the site of the former Old Police Academy, a historically significant landmark that served as Singapore’s first permanent police training institution from the 1920s until its closure in 2005. Located within the Core Central Region (CCR), the estate is bounded by Mount Pleasant Avenue to the north, Old Police Academy Road to the west, the Pan Island Expressway to the south, and Thomson Road to the east. Its proximity to Toa Payoh, situated less than 1km away, positions it as an attractive choice for homebuyers seeking accessibility to established amenities.
Modern Housing Amidst a Heritage Setting
In line with Singapore’s commitment to preserving heritage while modernising urban spaces, the design of the new Mount Pleasant housing blocks will incorporate elements reflecting the site’s rich history. A heritage study conducted by urban planning authorities identified six buildings for conservation, ensuring that the new estate retains a connection to its storied past.
Beyond residential units, the estate will feature essential amenities, including an eating house, supermarket, and retail shops. Additionally, the area will be served by the upcoming Mount Pleasant MRT station on the Thomson-East Coast Line (TEL), which is expected to commence operations alongside the completion of the estate’s housing projects. The seamless connectivity via the MRT network will further enhance Mount Pleasant’s appeal as a prime residential location.
Strong Demand Expected for Prime Location Flats
Given its positioning within the CCR, industry experts anticipate that the Mount Pleasant flats will likely fall under the Plus or Prime category of HDB’s classification framework. Flats in these categories are subjected to a mandatory 10-year Minimum Occupation Period (MOP) and resale restrictions aimed at maintaining affordability and owner-occupation.
Real estate professionals expect that the Mount Pleasant project will be well-received, particularly due to its central location and proximity to Toa Payoh. The estate is expected to help alleviate some of the housing demand in the area, with home seekers attracted to the convenience and accessibility it offers.
Market analysts highlight that these BTO flats will be the first-ever public housing units launched for sale in an area that predominantly features private landed housing. Given the limited public housing stock within the CCR and nearby Novena Planning Area, there could be significant demand, especially from applicants looking to live near family members in Toa Payoh or private homes in the vicinity.
Future Resale Value and Pricing Projections
Mount Pleasant is poised to become a highly sought-after estate, with comparisons already being drawn to well-established townships such as Toa Payoh, Bishan, and Bidadari. Given the high resale prices in these areas, the new flats in Mount Pleasant could potentially see similar demand and long-term appreciation in value.
Historical data from past BTO launches in nearby Toa Payoh reinforces the likelihood of strong application rates. The most recent BTO project in Toa Payoh, launched in May 2022, saw overwhelming demand, with 4-room flats oversubscribed by more than ten times. Experts anticipate a similar response for the Mount Pleasant BTO flats due to their desirable location and accessibility.
As for pricing, estimates suggest that the starting price of a 4-room flat in Mount Pleasant could be around $525,000. Higher-floor units—some in blocks exceeding 40 storeys—may command prices above $700,000, given their potential unblocked views of the city skyline.
Connectivity and Lifestyle Benefits
Beyond its housing and pricing considerations, Mount Pleasant’s strategic location offers future residents seamless access to lifestyle, educational, and healthcare amenities. The estate will be within walking distance of Toa Payoh Town Centre, which is set to undergo an extensive redevelopment. The upcoming Toa Payoh integrated development will feature sports facilities, a polyclinic, a library, and a town park, further enhancing the estate’s attractiveness.
For families with school-going children, the estate’s proximity to reputable schools is another draw. Notable primary schools within a 1km radius include CHIJ Primary (Toa Payoh) along Lorong 1 Toa Payoh and Singapore Chinese Girls’ School (Primary) along Dunearn Road.
In Summary
The launch of the first BTO project in Mount Pleasant marks a significant milestone in Singapore’s housing landscape. As one of the few public housing developments within the CCR, this estate is poised to attract strong interest from homebuyers who value prime location, historical significance, and connectivity. With demand for central housing consistently outpacing supply, the October 2025 BTO launch is expected to generate substantial interest among first-time buyers and upgraders alike.
As more details emerge in the coming months, all eyes will be on Mount Pleasant as it takes shape into one of Singapore’s most anticipated new residential estates.
Looking to explore housing opportunities in the highly anticipated Mount Pleasant estate? With its prime location, rich heritage, and seamless connectivity, this upcoming BTO project presents a rare chance to secure a home in the Core Central Region. Whether you’re considering your eligibility, assessing affordability, or planning ahead for the October 2025 launch, having expert guidance can make all the difference. Get in touch with our sales team today to navigate your options and stay ahead in securing a unit in this coveted new estate.
Discover Singapore’s first BTO project in Mount Pleasant, launching in October 2025. Learn about pricing, demand, location benefits, and why this rare CCR estate is set to attract strong interest. Stay informed on this highly anticipated development!
