House-hungry Singaporeans, if you weren’t successful for the last BTO May 2022 launch, good news, you can go for round two with the BTO launch for August 2022 comin’ right up.
The August 2022 BTO launches will offer around 4,960 HDB flat units built in six neighbourhoods that include mature and non-mature options: Ang Mo Kio, Bukit Merah, Choa Chu Kang, Jurong East, Tampines and Woodlands.
Turns out that Ang Mo Kio is the front runner, leading with 34% of the poll numbers respectively.
Here are the full results of the poll.
Do note this was conducted before PLH developments and Tampines was announced.
Ang Mo Kio emerging as a firm favourite
It’s perhaps no surprise that Ang Mo Kio has come out on top. Besides the estate’s Central location, AMK is offering the largest variety of flat types among the estates in this round’s launch. This includes:
- 2-room Flexi
It is the only estate in the August 2022 launch offering 3Gen flats, which are traditionally larger (around 115 sqm or 1,237 sq ft). These are often highly sought after by big families who want multiple generations to stay together. AMK is also piping’ hot because it’s offering bigger 5-room flats in a Central location, which is somewhat of a rarity in recent years.
Plus, the fact that it has 890 units up for grabs make it seem that it might just be possible to score a unit, versus other mature estates such as Tampines which only has a pool of 200+ units.
But hey bidders, don’t discount the neighbourhood’s popularity. After all, 2019’s BTO launch in AMK was oversubscribed among the bigger flat types, highlighting how many Singaporeans view bigger space at a premium.
In more recent times, Ang Mo Kio has been part of hot property news as well, having had 4 HDB blocks selected for SERS in April 2022.
The latest info in is that the AMK BTO project will be built along Ang Mo Kio Central 2 and 3, as well as Avenue 8, which is a decent 12+ minutes walk from either Ang Mo Kio or Yio Chua Kang MRT. Add to that the Thomson-East Coast Line’s Mayflower MRT, and you’ll see why it’s getting brownie points in terms of location. The site is also near to many schools, and nature spots like the Ang Mo Kio Town Gardens.
Do note however, that such a prime location might cost a pretty penny – rising resale prices on average have also hit the town with a general range of $400K to $665K, while its previous BTO launch in Aug 2020 saw prices ranging from $400-$550K.
Bukit Merah is also popular
You might have noticed Bukit Merah and Queenstown are also popular in the polls, and this was due to the earlier expectation of the Prime Location Housing (PLH) model being included in the August round, and then, partly shifted earlier to the May 2022 BTO launch instead. This left two Bukit Merah projects (under the PLH model) up for grabs in August.
The site near Havelock Road offers future BTO owners very stellar views of the Singapore River, and is an easy walk to the upcoming Havelock MRT station (TEL) opening in the second half of 2022. You can easily get to Orchard Road from the neighbourhood too, making it ideal for those folks who love to hang out in town.
As for the other site at Alexandra View, it’s also highly convenient – being just 4 minutes away from Redhill MRT and close to many schools, a swimming complex and Redhill Market.
Interest in mature estates peak for BTO Aug 2022 Launch
All top three estates in the Uchify poll are mature neighbourhoods, which goes to show how Singaporeans still prefer their BTO flats to be a stone’s throw away from convenient amenities like MRT lines, hawker centres and malls. And though it wasn’t included in this round of polls, we’d bet fellow mature neighbourhood in the East, Tampines, will also face stiff competition.
As for the non-mature options offered at estates such as Choa Chu Kang, Jurong East and Woodlands, a quick scan of the sites would reveal that getting to and fro from these places might be tougher, with less accessible transport links. Perhaps with the exception of Woodlands, which could be right besides the Woodlands South MRT on the Thomson-East Coast Line. The upside of bidding for these, though, would be a lesser dent in your wallet.
One thing’s for sure: even with rising demand for resale flats, many Singaporeans still await news of BTOs with keen interest, and so homeowners, do keep your ears pricked for more news about the upcoming August 2022 BTO launch from HDB.