February 2023 BTO exercise sees 4,428 flats launched for sale

Amongst the remaining 3 BTO sites, another remains in Kallang, Whampoa, along Jalan Rajah. It has 510 three- and four-room apartments in 2 40-storey blocks. Prices start from $326,000 for a three-room flat and from $459,000 for a four-room flat.

Sun includes that some first-time buyers might wait until the August BTO exercise, which is likely when the government will permit newbie families to get an additional ballot for their BTO applications.

The second PLH property is in Kallang and Whampoa, on a location bounded by Race Course Road, Hampshire Road and Farrer Park Road. The development– Farrer Park Fields– will have 7 24-storey blocks housing 1,274 units of two-room flexi, three-room and also four– room flats. Suggestive costs begin with $185,000 for a two-room flexi flat, $356,000 for a three-room flat, moreover $484,000 for a four-room flat.

Christine Sun, top vice ceo of research and analytics at OrangeTee & Tie, strongly believes this may draw away some BTO need to the resell market. “Given that extra assistances are provided, we might expect more eligible customers to buy at well-known locations such as developed estates, or they may get somewhat larger apartments,” she states.

Lee Sze Teck, Huttons Asia’s senior analysis director, includes that surrounding facilities, consisting of Farrer Park Primary School, the upcoming mall Piccadilly Galleria, Tekka Market and also City Square Shopping center, further enhance the charm of the work. Lee adds that the other PLH venture in Queenstown, Ulu Pandan Glades, is close to another PLH plan, Dover Forest, introduced last November. “The prices for apartments in Ulu Pandan Glades resemble the earlier release.”

The location in Tengah may garner attraction complying with the announcement of ACS Primary’s transfer to Tengah in 2030. “This might lead to even more applicants trying this batch of flats, although we do not expect a big spike in numbers,” states Sun.

The final area is in the Brickland region of Tengah estate, bounded by Brickland Road and Tengah Boulevard. With 1,641 units throughout 12 residential blocks, it is the largest location under the February 2023 BTO exercise and the only one with five-room apartments. Other unit kinds are two-room flexi, three- and four-room flats. Prices begin with $97,000 for a two-room flexi flat, from $190,000 for a three-room flat, $291,000 for a four-room flat including $401,000 for a five-room flat.

Advisors assume Farrer Park Fields to observe healthy interest provided its distance to town as well as 2 MRT stations– Farrer Park and Little India, the last of which is an interchange for the Downtown and North-East Lines. “We can anticipate solid rivalry for Farrer Park Fields, particularly considering that BTO projects in the Kallang and Whampoa proximity tend to be increasingly debated when near an MRT terminal,” claims Mohan Sandrasegeran, One Global Group’s senior analyst for research and content creation.

In Jurong West, HDB is releasing two home blocks of 18 floors, which can place 271 units of three- and also four-room apartments. The site rises along Jurong West Street 93. Prices start from $187,000 for a three-room flat and also from $288,000 for a four-room one.

Concerning the non-PLH projects, OrangeTee & Tie’s Sun expects the Jalan Rajah spot– though not alongside an MRT terminal– to still draw in strong interest offered its place near Toa Payoh Central, which has ample amenities.

Tembusu Grand condo price

HDB has released 4,428 condos to sell under the February 2023 Build-To-Order (BTO) exercise. The apartments are spread throughout five sites over four communities– Queenstown, Kallang and Whampoa, Jurong West and Tengah. This is the initial BTO exercise since the Budget plan announcement, where steps targeted at assisting newbie homebuyers were revealed, consisting of greater CPF real estate awards for those seeking to get a resale flat.

At the same time, the Jurong West area is expected to take advantage of its venue near Pioneer MRT Station. However, with only 271 flats, getting a flat via the balloting process might be difficult, states One Global Group’s Sandrasegeran.

Under the February 2023 BTO exercise, 2 of the five locations have actually been marked Prime Location Public Housing (PLH) projects. The very first – Ulu Pandan Glades – lies along Ghim Moh Link and even Commonwealth Avenue West in Queenstown, next to the Dover MRT Terminal. It will have 732 units consisting of three- plus four-room flats. Indicative costs begin with $372,000 for a three-room apartment $541,000 for a four-room flat, excluding subsidies.

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