Planning to dwell within the metropolis fringe? Within the upcoming August 2023 HDB BTO train, you’ve got 4 choices to select from. One is situated in Queenstown, whereas the opposite three are in Kallang/ Whampoa.
Two of the August 2023 Kallang/ Whampoa BTO are throughout the Balestier subzone, whereas one is situated within the Kampong Bugis subzone.
In complete, Kallang/ Whampoa can have an estimated 2,910 flats up for grabs on this August 2023 BTO launch. Notice that in the course of the software stage, you gained’t be capable to select which mission you need. You’ll be able to solely select your most well-liked property and flat sort.
You’ll solely be capable to select your most well-liked mission in the course of the flat choice stage while you’re invited to e-book a flat at HDB Hub.
August 2023 Kallang/ Whampoa HDB BTO at a look
| Jalan Tenteram BTO | Jalan Rajah BTO | Geylang Highway BTO | |
| Location | Alongside Jalan Tenteram | Alongside Jalan Rajah | Alongside Geylang Highway |
| Classification | Mature property | ||
| Flat sorts and variety of items | 1,040
3-room 4-room |
730
2-room Flexi 4-room |
1,140
2-room Flexi 3-room 4-room |
| Estimated value for a 4-room flat* | S$460k – S$690k | S$460k – S$690k | S$460k – S$690k |
| Estimated ready time | TBC | TBC | TBC |
| Estimated completion date | TBC | TBC | TBC |
| Supply possession date | TBC | TBC | TBC |
| Nearest MRT | Toa Payoh MRT, Potong Pasir MRT | Toa Payoh MRT | Kallang MRT |
| Notable facilities | Shaw Plaza, Zhongshan Mall, HDB Hub, Toa Payoh Stadium, Toa Payoh Swimming Complicated, SAFRA Toa Payoh | Sports activities Hub, Kallang Wave Mall, Leisure Park Kallang, Bugis Junction, Bugis+ | |
August 2023 Kallang/ Whampoa 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 latest BTO launches.
| Flat sort | Value vary |
| 3-room | S$330,000 – S$450,000 |
| 4-room | S$460,000 – S$690,000 |
*Supply: SRX. These estimations have been adjusted for variations in property age and placement. If a launch is nearer to an MRT or industrial improvement, it’s more likely to be costlier.
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Estimated downpayment, month-to-month instalments and earnings
Based mostly on these pricing forecasts, we will estimate the downpayment, month-to-month instalments and family earnings wanted to pay for the August 2023 Kallang/ Whampoa BTO flat. These estimates are based mostly on the next assumptions:
For instance, we’ll use the median of the value vary and gained’t be bearing in mind 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$390,000 | S$312,000 | S$78,000 | S$1,415.45 | S$4,931.80 |
| 4-room | S$575,000 | S$460,000 | S$115,000 | S$2,086.88 | S$7,271.23 |
Not sure in the event you ought to take an HDB mortgage or a financial institution mortgage? Discover out extra in regards to the professionals and cons right here.
For those who’re contemplating taking out a financial institution mortgage, contact 99.co’s mortgage dealer for the very best charges!
August 2023 Kallang/ Whampoa HDB BTO: Location and close by facilities
^Disclaimer: Strolling, public transport journey and driving durations are based mostly on Google Maps estimates. Precise instances could differ.
Jalan Tenteram BTO and Jalan Rajah BTO
Accessibility
When it comes to proximity to the MRT, each the Jalan Tenteram BTO and Jalan Rajah BTO are usually not very accessible. The closest MRT for each is Toa Payoh MRT, and it’s not inside strolling distance.
As an illustration, Toa Payoh MRT is round a five-minute bus journey (after a four-minute stroll to the bus cease) from the Jalan Tenteram BTO. In the meantime, the bus journey to the MRT is longer from the Jalan Rajah BTO (round quarter-hour, though it’s a shorter stroll to the bus cease).
However the advantage of the situation of those two BTO is that each are a bus journey away from three MRT traces: the North-South Line (through Toa Payoh MRT), North-East Line (through Potong Pasir MRT and Boon Keng MRT) and Downtown Line (through Bendemeer MRT). (That is additionally what I personally like about dwelling within the Balestier space.)
It’s additionally handy for drivers because the two BTO are shut to 2 main expressways: the Pan-Island Expressway (PIE) and Central Expressway (CTE). The draw back is the noise and dirt coming from these expressways.
Particularly, the Jalan Tenteram BTO is situated proper subsequent to the intersection of the PIE and CTE. It’s possible you’ll not need to get a unit (particularly the higher-floor unit) right here in the event you’re delicate to noise.
Meals and retail facilities
The closest malls to your day by day requirements (and bubble tea) are primarily Shaw Plaza and Zhongshan Mall in Balestier, and HDB Hub at Toa Payoh.
For those who favor going to the moist market and hawker centre, Whampoa Makan Place is round a 10- to 15-minute stroll away. Or head over to Toa Payoh for much more choices.
Colleges
In comparison with the Geylang Highway BTO, there’s a very good variety of colleges, particularly main colleges, within the space.
Listed below are the first colleges inside 1km of Jalan Tenteram BTO:
- Hong Wen College
- Pei Chun Public College
- St Andrew’s Junior College
- Bendemeer Major College
And listed below are the first colleges inside 1km of Jalan Rajah BTO:
- Hong Wen College
- Pei Chun Public College
Different colleges within the space are:
- CHIJ Major College
- CHIJ Secondary College
- St Andrew’s Secondary College
- St Andrew’s Junior Faculty
- St Joseph’s Establishment Junior
- Bendemeer Secondary College
- Northlight College
- SJI Worldwide
Sports activities services
Each the Jalan Tenteram BTO and Jalan Rajah BTO are perfect for households with children. For starters, yow will discover a number of sports activities services throughout the PIE at Toa Payoh. This contains Toa Payoh Swimming Complicated, Toa Payoh Sports activities Corridor, Toa Payoh Stadium and SAFRA Toa Payoh.
As if this isn’t sufficient, there are plans to have an integrated development on this space by 2030. It can comprise a brand new sports activities centre, polyclinic, library and a city park.
Geylang Highway BTO
Accessibility
For those who’re in search of a BTO close to the MRT, this is likely one of the tasks to contemplate. It’s only a six-minute stroll of Kallang MRT and Lorong 1 Geylang Bus Terminal, which might be built-in with the Kallang Horizon BTO (launched in November 2022).
However this additionally means it would possible be a PLH mission, identical to the November 2022 BTO. Some restrictions embody a 10-year MOP and a smaller resale purchaser pool (as an example, you possibly can solely promote the flat to those that meet the earnings ceiling, which is presently set at S$14,000).
Nonetheless, much like the opposite two August 2023 Kallang/ Whampoa BTO tasks, residents listed below are only a bus journey away from two different MRT traces: Downtown Line (through Bendemeer MRT) and Circle Line (through Stadium MRT and Mountbatten MRT).
Drivers will even be happy to know that the BTO is near the Kallang-Paya Lebar Expressway (KPE). The unhealthy information is that it’s situated alongside the BTO, so there’s sure to be extra mud and noise right here.
Meals and retail facilities
What we like about this Geylang Highway BTO is that it’s near the foodies’ haven at Geylang Highway and Sims Avenue, so that you gained’t run out of meals choices right here.
For a less expensive hawker fare, there’s Higher Boon Keng Market and Meals Centre at round a 12-minute stroll away.
Fancy taking an extended stroll? You’ll be able to all the time head to Kallang Wave Mall and Leisure Park Kallang (though this isn’t advisable when there’s an enormous occasion at Sports activities Hub).
For much more choices, head west to Bugis, the place there are malls like Bugis Junction, Bugis+, the upcoming built-in improvement Guoco Midtown, and numerous cafes and retailers at Kampong Glam.
Colleges
The downside of the Geylang Highway BTO is that no main colleges are inside 1km of it. The closest main colleges, Geylang Methodist Major and Kong Hwa College, fall inside a 2km radius of the BTO. So this is probably not perfect in the event you’re planning to have children.
In the meantime, the one colleges within the space are The Winstedt College (which is a world college) and James Prepare dinner College.
Sports activities services
Nonetheless, one spotlight of this Geylang Highway BTO is its proximity to Sports activities Hub, dwelling to the Nationwide Stadium and Singapore Indoor Stadium.
Different sports activities services right here embody an indoor sports activities corridor, a swimming advanced, volleyball courts and a skate park.
The great factor is that there’s a sheltered walkway in direction of the Sports activities Hub, making the stroll there extra snug. Relying on which facility you’re heading to, it will probably take round a 12-minute stroll to the skatepark to so long as a 23-minute stroll to the Indoor Stadium.
Residing near the Sports activities Hub additionally signifies that while you attend occasions corresponding to live shows on the Nationwide Stadium or Singapore Indoor Stadium in future, you gained’t must rush out of the venue earlier than the live performance ends (sure, I’ve seen individuals do this) or wait within the queue on the MRT station to go dwelling 😅
August 2023 Kallang/ Whampoa HDB BTO: What’s the potential value appreciation?
As a mature property, there’s much less potential for progress in Kallang/ Whampoa. Nonetheless, upcoming developments such because the HealthCity Novena and Kampong Bugis residential precinct ought to help the value progress within the Novena and Kallang areas in future.
Over the previous decade, HDB resale flats in Kallang/ Whampoa have seen the next value appreciation than these in mature estates.
As an illustration, three-room HDB resale flats have seen a value enhance of 18.78% prior to now decade, larger than the 11.50% enhance of the identical flat sort in mature estates.
The worth enhance is much more pronounced amongst four-room flats in Kallang/ Whampoa, recording a 30.80% enhance within the final decade. That is round 5% larger than the value enhance in mature estates. Notably, there’s a spike in value in the course of the 2020 – 2022 interval for four-room flats within the property.
Listed below are the typical resale costs in Kallang/ Whampoa to this point this 12 months, as of 26 June 2023:
| Flat sort | Common value psf | Common value |
| 3-room | S$614 | S$443,084 |
| 4-room | S$736 | S$737,071 |
HDB flats on the market in Kallang/ Whampoa
August 2023 Kallang/ Whampoa HDB BTO: What are my probabilities of getting a queue quantity?
As talked about earlier, you possibly can solely select the property and flat sort in the course of the BTO software stage. For those who select a 4-room flat in Kallang/ Whampoa, you’ll be thought-about for all three tasks.
This could ease demand and competitors for residences right here since there might be nearly 3,000 items out there for balloting.
On the similar time, from the August 2023 BTO onwards, first-timers that fall below the brand new First-Timers (Mother and father and Married {Couples}) class will get the next likelihood of securing a queue quantity, since they’ll get yet one more poll likelihood. Furthermore, they are going to get pleasure from larger precedence below the Household and Parenthood Precedence Scheme (FPPS).
Whatever the adjustments, it’s all the time good to have a smaller queue quantity. So that you simply get to decide on the mission and unit you need in the course of the flat choice stage.
Reputation of Geylang Highway BTO based mostly on previous software fee
Based mostly on the previous BTO software charges, the Geylang Highway BTO could also be the most well-liked mission on this August 2023 BTO, particularly the four-room flats.
We confer with the November 2022 BTO application rate of Kallang Horizon to gauge the recognition of the Geylang Highway BTO.
| Flat sort | First-timer households | Second-timer households |
| 3-room | 3.1 | 111.3 |
| 4-room | 7.1 | 92.3 |
Reputation of Jalan Tenteram BTO and Jalan Rajah BTO based mostly on previous software fee
These are tougher to gauge. It’s because the BTO application rate for Rajah Summit BTO (which is close to these two upcoming BTO) within the February 2023 BTO launch was mixed with the Farrer Park Fields BTO.
| Flat sort | First-timer households | Second-timer households |
| 3-room | 1.6 | 43.6 |
| 4-room | 3.4 | 32.6 |
However, we discover that the Farrer Park Enviornment BTO (which is subsequent to Farrer Park Fields BTO) wasn’t very popular during the last BTO launch in May 2023.
| Flat sort | First-timer households | Second-timer households |
| 3-room | 0.9 | 27.8 |
| 4-room | 2.6 | 29.5 |
There’s a probability (learn: we’re speculating) that the Farrer Park Fields BTO within the February 2023 launch was much less in style, identical to the Farrer Park Enviornment BTO. This may need introduced down the entire software fee for the property at the moment.
Furthermore, the Jalan Tenteram BTO and Jalan Rajah BTO are in all probability not PLH tasks, provided that they aren’t inside strolling distance of any MRT stations.
Amongst these two BTO, the Jalan Rajah BTO could also be extra in style in the course of the flat choice stage. It’s nearer to Balestier Highway and Toa Payoh, which have extra established facilities than Potong Pasir (which is nearer to the Jalan Tenteram BTO).
In the meantime, the Jalan Tenteram BTO could be very near the PIE and CTE, which is what most individuals will keep away from when selecting the place to purchase a house.
Will you apply for the August 2023 Kallang/ Whampoa HDB BTO? Tell us within the feedback part beneath.
For those who discovered this text useful, take a look at 99.co’s overview of the August 2023 BTO tasks. Preserve your eyes peeled for our in-depth opinions of the opposite tasks within the coming weeks.