HDB will be releasing 3953 flats for sale on Feb 17 under the Build-To-Order (BTO) exercise.
BTOs are deemed the base properties to purchase or invest in a young couple or family in Singapore. Pricing is subsidised by the government and most would make a profit when it is possible to sell after the usual 5 years Minimum Occupation Period.
The good news is that there is not one but six BTO heading your way in Feb 2022. Among the estates are Geylang, Tengah and Yishun. There is also a second project on offer at Kallang Whampoa under the Prime Location Public Housing (PLPH) model that is targeted to keep public housing built in prime and central locations affordable and accessible. This is the second one under this model as it follows the first in Rocher launched in Nov 2021. Owners of these units (King George's Heights) will have to return 6% of the selling prices when the flats are sold in the future.
*Read more about PLPH scheme here.
The next BTO will be in May with about 5300 flats on offer in towns and estates such as Bukit Merah, Jurong West, Ghim Moh, Toa Payoh and Yishun. Following that, 6300 -6800 units will be launched in August for estates in Ang Mo Kio, Buki Merah, Choa Chu Kang, Jurong East, Queenstown and Woodlands
Closing Date for Feb BTO will be on 23 Feb 2359
Here are the details of the BTO launching in Feb 2022.
Dakota Crest
Town: Geylang
Est Completion: 4Q 2027
Flat Types & Number of Units
2-room Flexi (Type 1) :40
2-room Flexi (Type 2) :81
3-room :804-room :242
Total:443
This development is located along Geylang River and the Geylang Park Connector. It is bounded by Old Airport Road, Jalan Enam, and Dakota Crescent. There are 3 residential blocks ranging from 17 to 22 storeys with 442 units
This is a highly sought after location. The site was previously one of Singapore's oldest housing estates known as the Dakota Crescent estate. The site is located opposite Old Airport Food Center. Dakota MRT is located just 350m away.
For families, Kong Hwa School is located within 1 km. There will be children's playground, fitness center, childcare centre in the estate. Geylang River Park Connector is just a stone throw away.
Grove Spring @ Yishun
Town: Yishun
Est Completion: 4Q 2024
Flat Types & Number of Units
2-room Flexi (Type 1) :56
2-room Flexi (Type 2) :140
3-room :82
4-room :373
5-room :336
Total:987
This development is bounded by Yishun Avenue 6 and Yishun Avenue 8. It comprises eight 15-storey residential blocks. You can choose from 987 units of 2-room Flexi, 3-, 4-, and 5-room flats.
One of the key features of this BTO is the short waiting time. This project is estimated to complete in 4Q 2024, which means it takes less than 36 months to complete. In this pandemic era, this speed of completion is unprecedented.
Grove Spring @ Yishun will feature recreation facilities such as a playground, fitness stations, roof garden, childcare centre. The nearest mall is Junction 9, located about 600m away.
Yishun Boardwalk
Town: Yishun
Est Completion: 2Q 2025
Flat Types & Number of Units
2-room Flexi (Type 1) :42
2-room Flexi (Type 2) :140
3-room :80
4-room :313
5-room :277
Total:852
The development is bounded by Yishun Avenue 6 and Yishun Avenue 8. comprises 8 residential blocks ranging from 10 to 15 storeys in height. You can choose from 852 units of 2-room Flexi, 3-, 4-, and 5-room flats.
Similar to Grovesrping @Yishun, it will have a short completion date of less than 36 months. It is expected to complete by 2Q 2025. Yishun Boardwalk will feature recreation facilities such as a playground, fitness stations, roof garden, childcare centre. The nearest mall is Junction 9, located about 600m away.
Parc Flora @ Tengah
Town: Tengah
Est Completion: 3 Q 2025
Flat Types & Number of Units
2-room Flexi (Type 1) :25
2-room Flexi (Type 2) :76
3-room :85
4-room :193
5-room :181
Total:560
Parc Flora@ Tengah is located in the new Tengah Park district. Bounded by Tengah Drive and Tengah Garden Walk. It comprises 4 residential blocks ranging from 12 to 14 storeys in height. You can choose from 560 units of 2-Room Flexi, 3-, 4-, and 5-room flats.
The Park District will be at the heart of Tengah. There will be a town centre set in a lush park with a greener, car-lite people-friendly environment. A future MRT Tengah Station (Jurong Region Line will be built and it will be within walking distance to this BTO.
Plantation Creek
Town: Tengah
Est Completion: 3 Q 2025
Flat Types & Number of Units
4-room :377
5-room :336
Total:713
Plantation Creek is located in the Tengah Plantation district. It is bounded by Tengah Garden Avenue and Tengah Boulevard. The development comprises 6 residential blocks ranging from 15 to 16 storeys. You can choose from 713 units of 4- and 5-room flats. It will be scheduled for completion on 2Q 2026
Plantation creek will be located on the banks of a proposed Tengah Pond. There will be 2 MRT stations, Tengah Plantation MRT ( JE1) and Hong Kah MRT (JS4) within the vicinity.
King George's Heights
Town: Kallang / Whampoa
Est Completion: 3 Q 2027
Flat Types & Number of Units
3-room:104
4-room:294
Total:398
King George's Height falls under the Prime Location Public Housing (PLPH) scheme. It is bounded by King George’s Avenue, Syed Alwi Road, and Rochor Canal, and is located near Lavender MRT station.
As this falls under PLPH, restrictions apply. Read more about PLPH here.
There will be 1 residential block comprising of 2 wings of 33 and 47 storeys. At this height, you can be assured of majestic views of Rocher River and the surrounding low rise buildings across at Victoria Street. The location is near the Bugis precinct which is undergoing a revival of sorts due to the new condo developments such as Midtown Modern, the M in the vicinity.
Is BTO your only option as a newly wed or young family?
While BTO is an attractive option to start your property journey, there are other considerations.
1) BTO requires a Minimum Occupation Period of 5 years from the time you collect your keys, and does not include any period that you are not residing in the flat
2) You would not be able to rent out the whole flat during MOP
3) You will not be able to purchase any form of private property
4) Due to COVID-19 , the wait for BTO to be completed can be as long as 5 years. So for a couple, you might not be able to get a private property for the next 10 years ( inclusive of MOP)
5) In the next 10 years, as Singapore population ages, the supply of resale HDB flats should increase. At the same time, due to our low birth rates, the demand for such flats would increase. As a result, the 'guaranteed' profits from BTO might not be as large as one would have anticipated. Moreover, with limited GLS and increasing prices of new private property, the returns might be lesser than compared to private property price increases.
So while the low base price of BTO and the almost guarantee profit sounds attractive, if one has sufficient funds and options, taking the private property route might be worth consideration.
So is BTO the right option for you?
To start your property journey, speak with us today to clarify your doubts.
