The February 2023 launch will be smaller than the previous November BTO launch. Under the HDB BTO launch in November 2022, 9,655 units were available for voting across 10 projects in both mature and immature estates. This time, over five projects, he had 4,400 units available for balataring. This means that the number of units has decreased by approximately 54% compared to the previous launch in November 2022.
That said, the price of the flat continues to remain affordable during this launch.
A three-room apartment under the Prime Location Housing (PLH) scheme in Queenstown was on sale from S$372,000 and a similar unit was on sale at S$326,000 in the Kallang/Wangpao project. That’s a S$5,000 to S$51,000 drop compared to his three-room flat in Bukit Merah, where BTO launched in May 2022.
With a total of five projects in a mix of mature and immature estates spread across popular areas such as Queenstown, Kallang/Wangpao, this round of BTO launches is definitely something to watch.
HDB February 2023 BTO Launch Overview
The main highlight of this BTO launch is undoubtedly the Kallang/Whampoa and Queenstown projects launched under the Prime Location Housing (PLH) model. This means that the buyer faces certain restrictions, such as her 10-year minimum occupancy period (MOP) and clawbacks on subsidies.
There is also the Kallang/Wangpao Raja Summit option for individuals who want to build a home in the Kallang/Whampoa area but do not want the additional PLH restrictions.
Budget-minded buyers can choose from less mature estates such as Jurong West and Tenga.
| BTO Launch Estate | unit mix | available units |
|---|---|---|
| Prime Housing Location (PLH) | ||
| Kallang/Wangpao: Farrer Park Fields | 2 Room Flexi, 3 Room, 4 Room | 1,784 |
| Queenstown: Ulu Pandan Glades | 3 rooms, 4 rooms | 732 |
| immature estate | ||
| Jurong West: Jurong West Crystal | 3 rooms, 4 rooms | 356 |
| Tenga: Brickland Weave | 2 Room Flexi, 3 Room, 4 Room, 5 Room | 1,641 |
| mature real estate | ||
| Karang/Wangpao: Raja Summit | 3 rooms, 4 rooms | 510 |
Prime Location Housing (PLH) Model
For those who don’t know what the PLH model is, here’s a quick overview.
Source: Housing Development Board (HDB)
This allows new social housing built in prime central locations to remain affordable and accessible to Singaporeans.
See the HDB website for more information. here.
Kallang/Wangpao: Farrer Park Fields (PLH)
Source: Housing Development Board (HDB)
| flat type | Selling price | available units |
|---|---|---|
| 2 room flexi | Starting at SGD 185,000 | 178 |
| 3 rooms | Starting at SGD 326,000 | 91 |
| 4 rooms | Starting at SGD 459,000 | 1,005 |
Located just steps away from Little India, Farrer Park, Rocher and Jalan Besar MRT stations, the price of this development is the convenience of its location, given that it is connected to multiple lines via four different MRT stations. reflects the The mature estate has many of the area’s beloved amenities, including sports facilities and natural parks, and is in close proximity to many schools.
position: Adjacent to Race Course Road, Hampshire Road and Farrer Park Road
public transport: MRT Little India Station, MRT Farrer Park Station, MRT Rochor Station, MRT Jalan Besar Station
amenities: Tekka Centre, Mustafa Centre, Berseh Food Centre, Balestier Plaza, Shaw Plaza, Zhongshan Mall, Pek Kio Community Centre, Kallang Community Club, Jalan Besar Stadium, Farrer Park Sports Center (planned)
school: Farrer Park Primary School, Hong Wen School, Bendemeer Secondary School, St. Joseph’s Institution Junior
Queenstown: Ulu Pandan Glades (PLH)
Source: Housing Development Board (HDB)
| flat type | Selling price | available units |
|---|---|---|
| 3 rooms | Starting at SGD 372,000 | 160 |
| 4 rooms | Starting at SGD 541,000 | 572 |
Queenstown Ulu Pandan Glades is expensive and well deserved. Conveniently located 7 minutes walk from Dover MRT Station and 14 minutes walk from Buna Vista MRT Station, there are many good schools nearby. The development is also located near popular food centers Holland Village and Star Vista.
position: Adjacent to Ghim Moh Link and Commonwealth Avenue West
public transport: MRT Dover Station, MRT Buonavista Station
amenities: Star Vista, Gimmo Road Market, Holland Village, Rochester Village, Ulu Pandan Community Club, Ulu Pandan Park Connector
school: Anglo-Chinese School (Independent), Fairfield Methodist School, New Town Secondary School, Anglo-Chinese Junior College (ACJC, Singapore Polytechnic (SP), UWCSEA, Anglo-Chinese School (International), ESSEC Business School, INSEAD, School of Science and Technology (SST), National University of Singapore (NUS)
Jurong West: Jurong West Crystal
Source: Housing Development Board (HDB)
| flat type | Selling price | available units |
|---|---|---|
| 3 rooms | Starting at SGD 187,000 | 85 |
| 4 rooms | Starting at SGD 288,000 | 186 |
This BTO launch is located in a quiet neighborhood of Jurong West. Jurong West Crystal is just an 8-minute walk from the Pioneer MRT Station and close to the Boon Lay Bus Interchange.
Real estate not yet mature, but connected to many amenities. The region’s largest shopping mall, Jurong Point, is just one MRT stop away. Future residents will also be close to the Jurong West Sports Center and the Jurong West Park Connector.
position: Located along Jurong West Street 93
public transport: MRT Pioneer Station
amenities: Jurong West Sports Center, Yunnan Park, NTUC Health Nursing Home, Jurong West Hawker Center, Pioneer Mall, Nanyang Community Club, Jurong Point, SAFRA Jurong
school: Frontier Elementary School, Pioneer Elementary School, Juyin Middle School, Jurong West Elementary School, Jurong West Middle School, Sinnan Elementary School, Boon Lay Middle School, River Valley High School, Nanyang Technological University
Tenga: Brickland Weave
Source: Housing Development Board (HDB)
| flat type | Selling price | available units |
|---|---|---|
| 2 room flexi | Starting at SGD 97,000 | 423 |
| 3 rooms | Starting at SGD 190,000 | 95 |
| 4 rooms | Starting at SGD 291,000 | 597 |
| 5 rooms | Starting at SGD 401,000 | 526 |
The Brickland Weave BTO site is located in the southeast of Tengah, although this Tengah launch is still in its infancy. This is a relatively good location within Tengah due to its proximity to Bukit Batok and Jurong West, more established neighborhoods with more developed amenities.
As an added bonus for those who value a green living environment, the Singapore government plans to transform Tengah into Singapore’s first car-free town centre.
position: Adjacent to Brickland Road and Tengah Boulevard
public transport: LRT Keat Hong Station and MRT Chua Chu Kang West Station (along the Jurong Regional Line)
amenities: Bukit Batok Bus Interchange, Keathon Shopping Center
school: Choa Chu Kang Primary School, Concord Primary School, Dunearn Secondary School, St Anthony’s Primary School
Kallang/Whampoa: Raja Summit
Source: Housing Development Board (HDB)
| flat type | Selling price | available units |
|---|---|---|
| 3 rooms | Starting at SGD 326,000 | 93 |
| 4 rooms | Starting at SGD 459,000 | 417 |
Although not a prime housing location launch, Raja Summit is located in the heart of a mature property with good connections to the city center and surrounding areas of the city. Conveniently located within walking distance from Toa Payoh MRT station, there are various amenities around the property.
The development is also close to the Toa Payoh Bus Interchange, making access to bus services very convenient.
position: Adjacent to Jalan Rajah, Kallang River, PIE and CTE
public transport: MRT Toa Payoh Station
amenities: Balestier Plaza, Shaw Plaza, Zhongshan Mall, Mustafa Centre, Toa Payoh Town Park, Whampoa Community Club, SAFRA (Toa Payoh), Toa Payoh Swimming Complex, Sports Hall, Stadium, Farrer Park Sports Center (coming soon)
school: St. Joseph Institution Junior, Hong Wen School, Bendemeer Secondary School
Get HDB Mortgage
Having a place to live in mind has won half the battle. Financing your dream home is a major hurdle most prospective buyers face. To do so, many turn to his HDB loan, or Singapore mortgage direction.
Luckily we put together very detailed comparison Singapore Mortgages and Mortgages just for you.
Alternatively, you can use our mortgage calculator below to find out which mortgage rate is best for you.
Find Cheapest Mortgages in Singapore
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Even after buying your dream home, there are other costs to consider. For example, BTO is not fully furnished with furniture, tiles and accessories. These refurbishments are also not cheap and can run into the tens of thousands or even hundreds of thousands of dollars.
So you may need to consider renovation loan on top of your mortgage. Even then, there are other aspects of home ownership that need to be considered. for example, home insurance.
home insurance
Protecting your new home from the unexpected is of utmost importance. Getting the right home insurance can protect not only your belongings, but also your home renovations. Some policies offer special perks such as pet, maid and food spoilage protection!
Here are some home insurance plans hand-picked by our analysts.
etika insurance
Home insurance from Tiq by Etiqa offers the cheapest home insurance for HDB flats. This is a great option for anyone looking for the cheapest and best home insurance in Singapore, especially for new her BTO owners.
HDB flat premiums are 26-60% below the market average, while offering flexibility in planning over 3-5 years. At these prices, you’ll get access to a convenient array of perks, including emergency cash benefits of up to S$5,000 within 24 hours, a market-beating S$800 emergency home assistance benefit, debris removal, and even credit card theft protection. can.
For an additional fee, you can also add accidental death coverage, personal cyber protection, or unique consumer electronics perks.For more information, please check Click here for Etika Home Insurance.
FWD Insurance
FWD is known for its wide coverage and affordable premiums, making it one of the best home insurance plans on the market.
Cost conscious HDB owners will be amazed at the below market prices for the 3, 4 and 5 room premiums. In addition, repair or reconstruction, alternative accommodation, storage, preservation, firefighting equipment, and home assistance for electricity, plumbing, locksmithing and air conditioning are covered.
Combined with no ruptured pipe or fire insurance overages, and affordable add-ons for pet and personal accident coverage, the average homeowner has one of the best value home insurance plans on the market. You can put it in. Read our full review of Click here for FWD home insurance.
Conclusion
Buying your first BTO flat can be a tedious process with many considerations. An apartment’s location and affordability are among the main considerations, but post-purchase follow-up is often overlooked.
Before making a BTO flat purchase, you should consider the average cost of a mortgage, mortgage refinancing, home insurance, etc. Still, considering all these factors is not a difficult task. carefully selected guides Easy to compare!
please refer to here For more tips on managing your personal finances!
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https://theindependent.sg/hdb-february-2023-bto-launch-review-affordable-developments-for-people-of-all-budgets/ HDB February 2023 BTO Launch Review: Affordable Development for People on All Budgets