Now that the previous BTO and SBF exercises (May 2022) have ended, it is time to look at the locations of the upcoming HDB BTO projects to be launched in August. Whether you are attached, an eligible bachelor over the age of 35, or even under the joint singles scheme, wait no longer!
For starters, there will be around 4,960 units available for balloting across seven projects in six estates, translating to around an 8% increase in the number of units compared to the previous launch.
If the previous BTO launch locations didn’t excite you, maybe this will. There will be a total of seven projects, with three of them located in mature estates like Bukit Merah and Ang Mo Kio. The other four sites will be in non-mature estates.
HDB August 2022 BTO Launch Overview
The main highlight of this BTO launch is definitely the Bukit Merah project launched under the Prime Location Housing (PLH) model – which means buyers face certain restrictions like a 10-year Minimum Occupancy Period (MOP) and subsidy clawbacks.
The two other mature estates are also up for grabs, namely Ang Mo Kio and Tampines. Budget-conscious buyers can choose from non-mature estates which include Choa Chu Kang, Jurong East and Woodlands.
| BTO Launch Estate | Unit Mix | Units Available |
|---|---|---|
| Ang Mo Kio | 2-room Flexi, 4-room, 5-room, 3Gen | 890 |
| Bukit Merah (Alexandra View) | 3-room, 4-room | 780 |
| Bukit Merah (Havelock Road) | 3-room, 4-room | 870 |
| Choa Chu Kang | 2-room Flexi, 3-room, 4-room, 5-room | 980 |
| Jurong East | 2-room Flexi, 3-room, 4-room | 560 |
| Tampines | 4-room, 5-room | 260 |
| Woodlands | 2-room Flexi, 3-room, 4-room | 620 |
Prime Location Housing (PLH) Model
For those who do not know what is the PLH model, here is a quick overview:
This allows new public housing that is built in prime, central locations to remain affordable and accessible for Singaporeans.
For more information, you can refer to HDB’s website over here.
Ang Mo Kio
| Flat Types | Selling Price |
|---|---|
| 2-room Flexi | S$170,000 – S$253,000 |
| 3-room | S$390,000 – S$450,000 |
| 4-room | S$530,000 – S$630,000 |
| 5-room | S$680,000 – S$830,000 |
Location: Along Ang Mo Kio Central 2 and 3, Ang Mo Kio Avenue 8
Public Transport: Ang Mo Kio MRT, Yio Chu Kang MRT (12 mins walk)
Amenities: AMK Hub, Ang Mo Kio Public Library, Ang Mo Kio Central Market & Food Centre, Broadway Plaza, Cheng San Community Club and Yio Chu Kang Stadium
Schools: Mayflower Primary School, Anderson Secondary School, Jing Shan Primary School, CHIJ St. Nicholas Girls’ Primary & Secondary School, Yio Chu Kang Secondary School, Presbyterian High School, ITE College Central, Nanyang Polytechnic, Anderson Serangoon Junior College
Bukit Merah (Alexandra View)
| Flat Types | Selling Price |
|---|---|
| 3-room | S$370,000 – S$530,000 |
| 4-room | S$540,000 – S$770,000 |
Location: Alexandra View
Public Transport: Redhill MRT (4 min walk), Tiong Bahru MRT (10 min walk)
Amenities: Anchorpoint Shopping Centre, Redhill Market, Delta Sports Hall, Kim Seng Community Centre, Tiong Bahru Plaza, Tiong Bahru Market & Food Centre, IKEA Alexandra
Schools: Alexandra Primary School, Gan Eng Seng Primary School, Zhangde Primary School, Bukit Merah Secondary School, Crescent Girls’ Secondary School, Gan Eng Seng Secondary School
Bukit Merah (Havelock Road)
| Flat Types | Selling Price |
|---|---|
| 3-room | S$370,000 – S$530,000 |
| 4-room | S$540,000 – S$770,000 |
Location: Havelock Road
Public Transport: Havelock MRT (4 min walk), Tiong Bahru MRT (9 min walk)
Amenities: Anchorpoint Shopping Centre, Redhill Market, Delta Sports Hall, Kim Seng Community Centre, Tiong Bahru Plaza, Tiong Bahru Market & Food Centre, IKEA Alexandra
Schools: Alexandra Primary School, Gan Eng Seng Primary School, Zhangde Primary School, Bukit Merah Secondary School, Crescent Girls’ Secondary School, Gan Eng Seng Secondary School
Choa Chu Kang
| Flat Types | Selling Price |
|---|---|
| 2-room Flexi | >S$72,000 |
| 3-room | S$200,000 – S$260,000 |
| 4-room | S$300,000 – S$380,000 |
| 5-room | S$42000 – S$520,000 |
Location: Along Choa Chu Kang Avenue 7, Choa Chu Kang Grove and Keat Hong Link
Public Transport: Keat Hong LRT (6 min walk), Teck Whye LRT (7 min walk)
Amenities: Block 253 Choa Chu Kang Market & Food Centre, Keat Hong Shopping Centre, Tembusu Park, Choa Chu Kang Community Club, Teck Whye Shopping Centre, Pang Sua Park Connector, Lot One Shoppers’ Mall, Choa Chu Kang Public Library
Schools: Chua Chu Kang Primary School, South View Primary School, Teck Whye Primary School, Chua Chu Kang Secondary School, Teck Whye Secondary School, ITE College West, Jurong Pioneer Junior College
Jurong East
| Flat Types | Selling Price |
|---|---|
| 2-room Flexi | >S$121,000 |
| 3-room | S$240,000 – S$300,000 |
| 4-room | S$350,000 – S$440,000 |
Location: Along Jurong East Street 24
Public Transport: Jurong East MRT (16 min walk), Toh Guan MRT and Bukit Batok West MRT (upcoming)
Amenities: Jurong Regional Library, Yuhua Community Club, Jurong Park Connector, Bukit Batok Park Connector, IMM, JEM, JCube, Westgate
Schools: Fuhua Primary School, Yuhua Primary School, Crest Secondary School
Tampines
| Flat Types | Selling Price |
|---|---|
| 4-room | S$390,000 – S$490,000 |
| 5-room | S$530,000 – S$650,000 |
Location: Along Tampines Street 41
Public Transport: Tampines East MRT (7 min walk), Tampines MRT (12 min walk)
Amenities: Tampines North Community Club, Century Square, Tampines Mall, Tampines One, Our Tampines Hub, Tampines Eco Green Park (Interim), City Life @ Tampines, The Tampines Trilliant, Tampines Park Connector
Schools: Angsana Primary School, Chongzheng Primary School, Gongshan Primary School, Tampines Primary School, Tampines North Primary School, Yumin Primary School, Dunman Secondary School, Ngee Ann Secondary School, Pasir Ris Secondary School
Woodlands
| Flat Types | Selling Price |
|---|---|
| 2-room Flexi | >S$98,000 |
| 3-room | S$230,000 – S$290,000 |
| 4-room | S$340,000 – S$470,000 |
Location: Along Woodlands Avenue 1 and Woodlands Drive 16
Public Transport: Woodlands South MRT (4 mins walk)
Amenities: Vista Park, Vista Point, Mandai Tekong Park, 888 Plaza, Causeway Point, Woodlands Regional Library, Upcoming Woodlands Health Campus, Upcoming Woodlands Regional Centre
Schools: Innova Primary School, Woodgrove Primary School, Christ Church Secondary School, Woodgrove Secondary School, Singapore Sports School
Getting an HDB Home Loan
Now that you have a housing location in mind, that’s half the battle won. Financing your dream home is a major hurdle that most prospective buyers will face. To do so, many people will look in the direction of HDB loans, or housing loans in Singapore.
Luckily for you, we have compiled a highly detailed comparison of the home loans and mortgage loans in Singapore just for you.
Even after purchasing your dream home, there are still other expenses that you need to consider. For instance, your BTO will not come fully furnished with furniture, tiling and accessories. These renovation expenses do not come cheap either and can go into the high tens of thousands of dollars – or even past the hundred thousand dollar mark.
As such, you might want to consider renovation loans on top of your mortgage. Even after that, there are other aspects of home ownership that you need to look into: for instance, home insurance.
Home Insurance
Securing your new home against the unexpected is of utmost importance. With the correct home insurance, you can not only protect your belongings but also the interior renovations to your house. Some insurance even provides special perks like pet, maid and food spoilage protection!
Here are some home insurance plans hand-picked by our analysts as offering the best bang for your buck:
Etiqa Insurance
Tiq by Etiqa’s Home Insurance provides some of the cheapest home insurance policies for HDB flats. This makes it a great option for those seeking the cheapest and best home insurance in Singapore, especially for new BTO owners.
Not only are its premiums for HDB flats 26-60% below the market average, but it also provides flexibility in its 3-5 year plans. For these prices, you’ll get a useful set of benefits, including up to S$5,000 Emergency Cash Allowance within 24 hours, a market-beating Emergency Home Assistance benefit of S$800, debris removal and even protection from credit card theft.
For an extra fee, you can also add accidental death coverage, personal cyber protection or a unique home appliance benefit. For more details, check out Etiqa Home Insurance here.
FWD Insurance
FWD is known for its wide array of coverage and affordable premiums, which makes it one of the best home insurance plans out there in the market.
If you are a cost-conscious HDB owner, you will be pleasantly surprised with the below-market rates for 3, 4 and 5-room premiums. Additionally, you will receive coverage for repairs or reconstruction, alternative accommodation, storage, conservancy and firefighting appliances, as well as home assistance for electrical, plumbing, locksmithing and air-conditioning.
Combined with no excess for burst pipes and fire claims, and affordable add-ons for pet and personal accident coverage, the average home-owner will get the best-valued home insurance plan on the market. Check out a detailed review of FWD Home insurance here.
Conclusion
Purchasing your first BTO flat could prove to be a tedious job with many things to consider. The location and affordability of the flat is one main consideration, but the follow-up after making the purchase is something many often overlook.
Things such as the average cost of home loans, being able to refinance your housing loan, home insurance etc should be factors of consideration prior to making your BTO flat purchase. Nevertheless, taking into account all of these factors should not be a difficult task – just hop onto one of our carefully curated guides for easy comparison!
Refer over here for more tips to manage your personal finances!