Photo credit: Erwin Soo via MoneySmart
The first HDB BTO launch of the year falls in February, making it prime fodder for Chinese New Year small talk. Timing aside, though, it’s legit exciting because this launch includes a – you might want to sit down for this – BTO in a mature estate. Yeah. It’s gonna be crazy.
I’m going to get you up to speed on the exciting new Kallang/Whampoa BTO, as well as the other two BTOs (Sengkang and Jurong West, not that anyone asked) in the same launch.
Kallang/Whampoa BTO launch (Feb 2019)
Kallang/Whampoa BTO fact sheet
|Official HDB map||Download Kallang/Whampoa BTO map here|
|Road name||Serangoon Road / Lorong 3 Geylang|
|Unit mix||3R / 4R (850 units)|
|3-room flat price (estimate)||From $245,000 (based on Toa Payoh BTO)|
|4-room flat price (estimate)||From $380,000 (based on Toa Payoh BTO)|
|Nearest MRT||Boon Keng MRT (100m) / Kallang MRT (400m)|
|Nearest supermarket||Multiple NTUCs & Sheng Siongs nearby|
|Nearest shopping mall||Aperia Mall (1.3km)|
|Nearby schools||Bendemeer Pri, Winstedt School, James Cook University|
|Future developments||Nothing at the moment|
If you followed property news last year, you would have read about the insanely oversubscribed Toa Payoh BTO in HDB’s May 2018 launch. Owing to its central location and the maturity of the estate, the 540 units in Kim Keat Beacon drew more than 2,400 applicants.
With the upcoming Kallang/Whampoa BTO, history looks set to repeat itself. These new flats are smack-dab in the middle of another highly central, super mature estate criss-crossed by MRT lines and saturated with amenities.
The Kallang/Whampoa BTO launch actually comprises 2 separate sites, and both are walking distance to major MRT stations: Boon Keng MRT (440 units) and Kallang MRT (410 units).
For the uninitiated, Boon Keng is a quiet estate with lots of old folks (read: good, cheap food options). There are a some major factories here including Hyflux and Micron, which might be potential sources of rental income. But it’s a quiet place at night, after the office workers leave.
The BTO flats at Kallang, on the other hand, are close to all the nightlife you could possibly want. It’s a little off the main Geylang strip, but if you ever want to get in on the action you only need to walk over. Also, the BTO is very close to international school Windstedt School and James Cook University – also indications of potential rental income.
Lifestyle preferences aside, I think the Boon Keng site has more investment potential. It’s sandwiched in between Farrer Park and Potong Pasir, both of which have gentrified faster than you can say “PAP ward“. So it’s only a matter of time before Boon Keng gets saturated with monstrous shopping-mall-condo-hybrids that will drive property prices up.
Either way, both BTO locations are going to be insanely popular among young professionals as well as aspiring property investors.
That said, if you’re looking for a comfortable place to raise a family, you might want to look elsewhere. There’s not much childcare infrastructure in the area – the options are mainly aimed at expats. Besides, only 3- and 4-room flats are available in the Kallang/Whampoa BTO, so there’s not much wiggle room for larger families.
Jurong West BTO launch (Feb 2019)
Jurong West BTO fact sheet
|Official HDB map||Download Jurong West BTO map here|
|Road name||Boon Lay Drive / Jurong West St 93|
|Unit mix||2R Flexi / 3R / 4R / 5R / 3Gen (1,360 units)|
|2-room Flexi flat price (estimate)||From $101,000 (based on Tengah BTO)|
|3-room flat price (estimate)||From $193,000 (based on Tengah BTO)|
|4-room flat price (estimate)||From $290,000 (based on Tengah BTO)|
|5-room flat price (estimate)||From $397,000 (based on Tengah BTO)|
|3Gen flat price (estimate)||From $423,000 (based on Tengah BTO)|
|Nearest MRT/LRT||Boon Lay MRT (700m) / Pioneer MRT (650m)|
|Nearest supermarket||NTUC FairPrice Xtra Jurong Point (700m / 1.3km)|
|Nearest shopping mall||Jurong Point (700m / 1.3km)|
|Nearby schools||Rulang Pri, West Grove Pri, Jurong West Pri, Frontier Pri, Jurong West Sec, Boon Lay Sec, River Valley High, NTU|
|Future developments||Jurong Region MRT Line|
So, the hype around Jurong has pretty much died down since Malaysia’s unceremonious exit from the proposed KL-Singapore high speed rail (let’s not pretend that the new target date of Jan 2031 isn’t a sham).
But the upcoming Jurong West BTO has got EDMW forumers all excited again. Like the Kallang/Whampoa BTO, the Jurong West BTO is split into 2 sizeable developments: One near Boon Lay MRT and the other closer to Pioneer MRT.
Everyone is super keen on the Boon Lay one, because the site is practically next door to Jurong Point, i.e. easy access to all the amenities you could possibly want. This is also the interchange for the upcoming Jurong Region MRT Line, which should be up by 2026 – just nice for when your MOP ends.
Another reason to get excited is its proximity to 2 “branded” schools, Rulang Primary School and River Valley High School. Of course, every school is a good school, and there are a TON of options in the area.
Sadly, the BTO project at Pioneer MRT is the ugly sibling here – it just pales in comparison to the Boon Lay one. But on the positive side, NTUC’s Warehouse Club and Tuas Checkpoint are a short drive/ride away, so your cost of living can be lowered quite dramatically.
Sengkang BTO launch (Feb 2019)
Sengkan BTO fact sheet
|Official HDB map||Download Sengkang BTO map here|
|Road name||Fernvale Street|
|Unit mix||2R Flexi / 3R / 4R / 5R / 3Gen (930 units)|
|2-room Flexi flat price (estimate)||From $103,000 (based on Punggol BTO)|
|3-room flat price (estimate)||From $188,000 (based on Punggol BTO)|
|4-room flat price (estimate)||From $270,000 (based on Sengkang BTO)|
|5-room flat price (estimate)||From $366,000 (based on Sengkang BTO)|
|3Gen flat price (estimate)||From $411,000 (based on Punggol BTO)|
|Nearest MRT/LRT||Thanggam LRT (doorstep) / Sengkang MRT (2.5km)|
|Nearest supermarket||NTUC FairPrice Seletar Mall (750m)|
|Nearest shopping mall||Seletar Mall (750m)|
|Nearby schools||Sengkang Green Pri, Fern Green Pri (600m)|
|Future developments||Future integrated CC (hawker centre + wet market + childcare) at Fernvale LRT|
Quick recap of the HDB BTO application procedure
I know you’re absolutely dying to ballot for the BTO of your dreams, but unfortunately you can’t do anything until HDB launches the BTOs in Feb 2019. You’ll have a week to review all the information and (more importantly) prices for the BTOs on HDB’s website.
Within that week, you can submit your HDB BTO application online together with a $10 donation admin fee. As long as you submit your application within the timeframe, you have an equal chance of getting a flat in HDB’s “lucky draw” ballot.
Should you be one of the lucky winners of a BTO, you’ll be notified and asked to come and choose your unit.
Note, though, that you can only apply for 1 town and 1 unit size. If you need a place very urgently, consider choosing Kallang/Whampoa. It’ll be quite a gamble. You’re better off with Jurong West (though it’s also very hot) or better still, Sengkang.
Here’s the complete guide to applying for an HDB BTO.
This article was originally published in MoneySmart.