Might 2023 HDB BTO overview: Tengah
8 min read
Among the many Might 2023 HDB BTO initiatives, just a few have generated some buzz. One in all them is the Tengah BTO positioned subsequent to the brand new ACS (Main) campus.
However this Tengah BTO isn’t the one mission launching within the city this spherical. A smaller BTO alongside Plantation Shut may also be put up for balloting on the similar time.
Word that on the software stage, you’ll be able to solely select the flat sort and city/property, not the mission. You may solely select the mission once you’re invited to guide a flat.
Might 2023 Tengah HDB BTO: At a look
| Plantation Shut BTO | Tengah Park Avenue BTO | |
| Location | Alongside Plantation Shut | Alongside Tengah Park Avenue and Tengah Park Stroll |
| Classification | Non-mature property | Non-mature property |
| Flat varieties and variety of models | 970
2-room Flexi 3-room 4-room 5-room |
1,980
2-room Flexi 3-room 4-room 5-room |
| Estimated value for a 4-room flat | S$310k – S$415k | S$310k – S$415k |
| Estimated ready time | TBC | TBC |
| Estimated completion date | TBC | TBC |
| Supply possession date | TBC | TBC |
| Nearest MRT | Tengah Park MRT | Tengah MRT |
| Notable facilities | Neighbourhood centre, Jurong Polyclinic, Jurong East Sports activities Centre | Bus interchange, neighbourhood centre with polyclinic, Tengah City Centre |
Might 2023 Tengah HDB BTO: Value vary and estimated month-to-month instalments
HDB hasn’t launched the value vary but. For now, right here’s SRX’s estimations based mostly on close by resale transactions and launch costs from current BTO launches.
| Flat sort | Value vary |
| 3-room | S$210,000 – S$280,000 |
| 4-room | S$310,000 – S$415,000 |
| 5-room | S$420,000 – S$550,000 |
Supply: SRX. These estimations have been adjusted for variations in property age and placement. If a launch is nearer to an MRT or industrial growth, it’s more likely to be costlier.
Estimated downpayment, month-to-month instalments and earnings
Based mostly on these pricing forecasts, we are able to estimate the downpayment, month-to-month instalments and family earnings wanted to pay for the Might 2023 Tengah BTO flat. These estimates are based mostly on the next assumptions:
- An HDB mortgage is taken to maximise the 80% loan-to-value (LTV), given the newest adjustments in LTV
- The mortgage tenure is 25 years, with the present rate of interest of two.6%
- A stress-test charge of three% is used to calculate the Mortgage Servicing Ratio (MSR), which stipulates that as much as 30% of your month-to-month family earnings can be utilized to pay the month-to-month instalments
- There is no such thing as a different housing mortgage to service
As an example, we’ll use the median of the value vary and received’t be taking into consideration any CPF grants or financial savings for use.
| Flat sort | Median value | Mortgage quantity (80%) | Downpayment (20%) | Estimated month-to-month instalment (with 2.6% rate of interest) | Estimated month-to-month family earnings (with 3% stress-test) |
| 3-room | S$245,000 | S$196,000 | S$49,000 | S$889.19 | S$3,098.17 |
| 4-room | S$362,500 | S$290,000 | S$72,500 | S$1,315.64 | S$4,584.03 |
| 5-room | S$485,000 | S$388,000 | S$97,000 | S$1,760.24 | S$6,133.13 |
Not sure in the event you ought to take an HDB mortgage or a financial institution mortgage? Contact 99.co’s mortgage dealer to grasp which is finest for you.
Might 2023 Tengah HDB BTO: Location and close by facilities
*Disclaimer: Strolling, public transport experience and driving durations are based mostly on Google Maps estimates. Precise instances might fluctuate.
Accessibility
We like that each Plantation Shut BTO and Tengah Park Avenue BTO are positioned round a five-minute stroll of an MRT. Each Tengah Park MRT and Tengah MRT stations are positioned on the upcoming Jurong Area Line (JRL) and ought to be prepared from 2027 onwards, barring any delays.
In case you rely closely on public buses, it’s possible you’ll discover the Tengah Park Avenue BTO extra handy because it’s positioned proper throughout the road from the upcoming bus interchange. This implies you have got extra bus routes to select from.
Each BTO initiatives are additionally inside attain of the PIE, making it extra handy for drivers. However this can be extra of a bane for these dwelling at Plantation Shut BTO. Because it’s positioned alongside the PIE, it may be fairly noisy even when there might be a proposed park (and more than likely a multi-storey automobile park) appearing as a buffer.
Meals and retail facilities
Each Might 2023 Tengah BTO are inside simple attain of a neighbourhood centre, that are at present underneath development. Notably, the Tengah Park Avenue BTO is positioned within the coronary heart of Tengah, so it’s additionally round a five-minute stroll from the Tengah City Centre.
In the meantime, the Plantation Shut BTO is positioned on the southern fringe of Tengah, making it even nearer to Jurong East. Since it can take a while for extra facilities to be constructed up in Tengah, residents right here might discover this BTO extra conveniently positioned as they’ll shortly head over to Jurong East for facilities that received’t be out there in Tengah but.
Faculties
Maybe what’s most engaging about this Might 2023 Tengah BTO is that the Tengah Park Avenue BTO is positioned proper subsequent to the brand new ACS (Main) campus that may transfer to the brand new city in 2030.
In any case, it’s very uncommon that we’ve a brand new BTO positioned subsequent to a well-liked major college.
A brand new SPED college may also be located subsequent to the varsity.
Apart from ACS (Main), there are just a few college plots inside a 1km radius of the BTO. However as of writing, we don’t have a lot particulars on these other than Bukit View Main, which might be shifting to Bukit Batok West in 2027.
The Plantation Shut BTO isn’t brief on college choices both. Firstly, Pioneer Main is round a five-minute stroll away (inside a 1km radius) from the BTO when it strikes to its new dwelling in Tengah in 2026.
Different major colleges inside 1km of Plantation Shut BTO embody:
- Princess Elizabeth Main
- Jurong Main
Apart from the first colleges above, the next colleges are positioned close to the BTO:
- Jurongville Secondary
- Bukit Batok Secondary
- Eden College
- Dulwich School
- Millennia Institute
Might 2023 Tengah HDB BTO: What’s the potential value appreciation?
As the most recent HDB city, it can take a number of years for Tengah to be constructed up and for property costs right here to understand.
Some main developments that ought to help value progress right here embody the Jurong Innovation District close by, which is anticipated to herald 95,000 jobs.
Extra particularly, the Tengah Park Avenue BTO is anticipated to garner increased demand and costs in future, given its proximity to the brand new ACS (Main) campus. Those that die die wish to enrol their youngsters into the varsity will wish to purchase (or lease) a unit right here to extend their probabilities of getting a spot within the college.
As we’ve seen over time, properties close to common colleges are likely to command the next premium. An NUS examine additionally found that faculty relocations have led to cost will increase within the new space. So, you’ll be able to count on to promote your unit at the next value after the Minimal Occupation Interval (MOP).
(In case you’re considering of protecting your unit to lease it out and improve to a personal rental, notice that there might be an added upfront value of 20% ABSD.)
As Tengah continues to be being developed, we don’t have any resale value information right here.
So we’re simply going to take a look at the neighbouring areas of the BTO: Jurong East (which is close to Plantation Shut BTO) and Bukit Batok (which is close to Tengah Park Avenue BTO).
Typically over the previous 10 years, 3-room HDB resale flats in Jurong East have seen a value enhance of seven.95%. That is decrease than the final value enhance of 18.74% for the flat sort in non-mature estates. In the meantime, 3-room HDB flats in Bukit Batok have clocked an excellent increased enhance of 19.73%, as there are a variety of resales of lately MOPed flats, resembling West Crest @ Bukit Batok.
The upper value enhance in Bukit Batok is much more pronounced among the many 4-room and 5-room flats there, recording value will increase of 31.03% and 38.46% respectively within the final decade.
In the meantime, 4-room and 5-room resale flats in Jurong East have seen a comparatively lower cost enhance (9.35% and 12.4% respectively), particularly when in comparison with the value appreciation for a similar flat varieties in non-mature estates (21.55% and 24.4% respectively).
Notably, the value will increase are the best in 2020 to 2022, reaching double-digit growths for the three flat varieties.
Listed below are the common resale costs in Jurong East thus far this yr, as of three Might 2023:
| Flat sort | Common value psf | Common value |
| 3-room | S$487 | S$372,034 |
| 4-room | S$458 | S$474,285 |
| 5-room | S$488 | S$642,994 |
HDB flats on the market in Jurong East
And listed here are the common resale costs in Bukit Batok thus far this yr, as of three Might 2023:
| Flat sort | Common value psf | Common value |
| 3-room | S$540 | S$397,662 |
| 4-room | S$577 | S$585,806 |
| 5-room | S$618 | S$762,254 |
HDB flats on the market in Bukit Batok
Might 2023 Tengah HDB BTO: What are my probabilities of getting a queue quantity?
We might say it’s fairly excessive due to the excessive variety of flats provided in Tengah, totalling 2,950 models. In comparison with the opposite estates on this launch, Tengah has the best variety of flats out there for balloting. Plus, candidates making use of for a flat right here might be thought-about for models from each initiatives.
Let’s have a look at the appliance charges of the earlier launches close to the Might 2023 Tengah BTO. Backyard Waterfront I & II and Plantation Creek are close to the Plantation Shut BTO, whereas Parc Flora is close to the Tengah Park Avenue BTO.
2-room Flexi software charges
The appliance charge for first-timer households making use of for Parc Flora appears extra like an anomaly right here, with 12.0 candidates vying for every 2-room Flexi flat out there to them.
| BTO mission | Seniors | First-timer households | First-timer singles | Second-timer households |
| Backyard Waterfront I @ Tengah | 1.2 | 0.1 | 3.4 | 0.5 |
| Parc Flora @ Tengah | 3.1 | 12.0 | NA | NA |
3-room software charges
However basically, the appliance charges for first-timers making use of 3-room, 4-room and 5-room within the earlier launches close to the 2 initiatives have been comparatively low.
| BTO mission | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah | 1.5 | 16.2 |
| Parc Flora @ Tengah | 2.5 | 8.5 |
4-room software charges
| BTO mission | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah/ Backyard Waterfront II @ Tengah | 1.9 | 16.2 |
| Parc Flora @ Tengah/ Plantation Creek | 2.7 | 5.8 |
5-room software charges
| BTO mission | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah/ Backyard Waterfront II @ Tengah | 2.6 | 35.2 |
| Parc Flora @ Tengah/ Plantation Creek | 3.7 | 10.1 |
Like most BTO launches, it’s more durable for second-timers to safe a queue quantity, with software charges reaching double digits for a lot of the flat varieties.
Nevertheless, with Tengah Park Avenue BTO being positioned proper subsequent to ACS (Main), we count on software charges to be barely increased than these within the earlier launches. Extra candidates might be keen to purchase a home close to the favored major college, with some hoping to promote it at the next value when MOP comes round a decade later.
Will you apply for the Might 2023 Tengah HDB BTO? Tell us within the feedback part under.
In case you discovered this text useful, try our overview of the Might 2023 BTO initiatives and our in-depth opinions:
