A day before we close the August 2022 chapter, HDB finally launches the flats that would be sold under the August 2022 BTO (Build-To-Order) Exercise. All 4,993 of them, in fact.
The units are spread out across 7 projects in various mature and non-mature estates: Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines, and Woodlands. The 2 that will be built in Bukit Merah will also be housed under the Prime Location Housing scheme.
Taking a quick glance at the HDB Flat Portal, the most affordable 3-room BTO option will be in Woodlands where units start at $188,000. The price can be brought down all the way to $113,000 when further subsidised by HDB housing grants, according to HDB.
Similarly, the most affordable 4-room flat will be at Keat Hong Grange in Choa Chu Kang at $277,000. Grants like the Enhanced CPF Housing Grant (EHG) can help reduce its price to $217,000.
Those with big families can turn to the 5-room options in Choa Chu Kang, Ang Mo Kio, or Tampines. These bigger units will be around 1,184sqft in size and begin at $345,000.
Here is the full breakdown of the selling prices for the August 2022 BTO launch:
Image adapted from: HDB
2 Prime Location Housing projects in Bukit Merah
The Prime Location Housing (PLH) scheme launched last year continues this time with 2 launches in Bukit Merah: Alexandra Vale and Havelock Hill.
Image credit: HDB
Alexandra Vale will be located right opposite Redhill MRT Station, making commuting downtown or to Jurong that much easier. Meanwhile, Havelock Hill with be by the upcoming Havelock MRT Station along the Thomson-East Coast Line. The MRT station is set to open later this year, so residents won’t have to worry about any ongoing construction in the area.
HDB also announced that up to 20% of the PLH flats offered in this August 2022 BTO exercise will be set aside for first-timer families, and up to 2% for second-timer families. This is two-thirds of their usual quota, as they want to “provide more opportunities for Singaporeans who do not have family members living near the area to also have an opportunity to live in these locations.”
It is important to note that PLH projects have a minimum occupation period (MOP) of 10 years instead of the standard 5 years.
Completion date of the August 2022 BTO launches
The thing about buying a BTO is that you’ll have to wait for it to be completed, and who knows how long that might take with construction delays affecting the world. However, these estimates from HDB should clue you in on when you can expect to get your keys to start your reno journey:
If you can’t wait to pick out tiles and paint colours, getting a BTO at Choa Chu Kang or Tampines would be your best bet for a quick turnaround. A 3-year waiting period is quite hard to come by, and we expect plenty of Singaporeans to be applying for these projects, especially Sun Plaza Spring.
Those who don’t mind waiting a while longer can still opt for the projects at Ang Mo Kio and Bukit Merah, which are set to be finished by 2028. But that might mean you’ll only be done with renovation works by mid-2029, so temper your expectations accordingly.
August 2022 BTO launch exercise
Singaporeans who are eagerly awaiting the launch of the August 2022 BTO projects need not fret any longer. All the details are out there right now for you to ponder over. Just don’t take too long to think, as applications have already begun and you only have till 8.59am on 5th September, Monday, to make a decision and apply. Here’s a guide on how to apply for a BTO.
If you miss out on this round, HDB has also announced the November 2022 BTO projects that you can keep an eye out for instead. Later in the year, over 9,500 flats will be launched in estates like Bukit Batok, Kallang/Whampoa, Queenstown, Tengah, and Yishun. Watch this space for more information.