The Housing Development Board (HDB) will be launching about 5,090 flats for sale in the upcoming November 2016 Build-To-Order (BTO) exercise in 4 highly popular estates: Punggol, Bedok, Bidadari, and Kallang/Whampoa.
This marks the first sales launch in the Punggol estate in 2016, and one year since the previous sales launch. In the same sales launch in November 2015, a record launch size of at least 12,000 flats including balance flats were released for sales, and flats in Bidadari estate were most popular. Demands for flats in Bidadari estate remains high in the next sales launch in February 2016, and will likely to be as high for this upcoming November 2016 sales launch. However, sales launch in Bedok in May 2016 proved to be even more popular than the previous 2 launches in Bidadari.
This November 2016 BTO exercise may show us which of the two estates between Bedok and Bidadari will be more popular amongst HDB applicants. However, we have every reason to believe that the most sought after launch site will be the one in the Kallang-Whampoa estate. Kallang-Whampoa estate has shown strong demand with 8.4* applicants vying for the 463 4-room flat, and 3.8* applicants competing for the 124 3-room flat during the last BTO exercise in September 2014.
*Data from HDB. https://goo.gl/FZt1Mg
Punggol (non-mature town/estate)
Of the 5,090 flats for sales, 2,180 of them will be in 3 different sites in Punggol. 490 units comprising of only 4-room and 5-room flats will be developed in Punggol Matilda, on Site A next to HDB The Verandah @ Matilda and opposite HDB Matilda Court along Punggol Field and Sumang Lane. The Soo Teck LRT station is situated about slightly farther than 500 metres away.
Nestia Ranking : ★★★☆☆
400 units, ranging from 2-room Flexi to 4-room flats will be developed in Punggol Northshore along Northshore Drive and Punggol Way, on Site B that is adjacent to the Northshore StraitsView, and beside the Punggol Point LRT station.
Nestia Ranking : ★★★★☆
And the remaining 1,290 units, a mix of the 2-room Flexi to 5-room and 3Gen flats, will be developed on waterfront at Punggol Canal district along Punggol East and the future Punggol Semi-Expressway, on Site C, next to Waterway Sunray. It is situated about 400 metres to 800 metres away from Kadaloor LRT station.
Nestia Ranking : ★★☆☆☆
As Punggol is a non-mature estate, homebuyers for flats in Punggol are eligible to apply for the Special CPF Housing Grant (SHG) on top of the Additional CPF Housing Grant (AHG), bringing the maximum grant amount to $80,000, depending on household income. For instance, a household with monthly income of $2,500 can get a total grant amount of $70,000 from these 2 CPF Housing Grant schemes.
Bedok (matured estate)
HDB will be launching 1,660 flats in the Bedok estate, with the bulk of it in 940 units of 2-room Flexi, 4-room, and 5-room flats. It will be situated on Site A, just south of HDB Siglap East, along Bedok South Road and Upper East Coast Road. The site is about 1 kilometres away from the nearest Tanah Merah MRT station along East-West MRT Line. However, the lack of connectivity is relieved by the numerous bus services along Upper East Coast Road, and will be resolved upon the completion of the Bedok South MRT station along the Thomson-East Coast Line in 2023, and will be situated just beside the site.
Nestia Ranking : ★★★☆☆
The next site in Bedok, Site B, will provide 500 units comprising of only 2-room Flexi and 4-room flats. This prime site is situated just beside the Bedok MRT station and Bedok Mall, along New Upper Changi Road and Bedok North Avenue.
Nestia Ranking : ★★★★★
And the final site on Site C, offers 220 units of 2-room Flexi and 3-room flats, will be in HDB Bedok North Green, adding more units to the current existing HDB flats in the area. Despite being at a considerable distance away from Bedok MRT station, it is only 2 bus stops away from the Bedok Bus Interchange with 2 different bus services operating along the same route. Homeowners with cars will be well pleased with the close proximity of the Pan-Island Expressway.
Nestia Ranking : ★★★☆☆
Bidadari (matured estate)
1,000 HDB flats will be launched in the Bidadari estate over two adjacent sites. Site A offers 330 units of 3-room and 4-room HDB flats, and will be just next to the Market Square and Alkaff Lake.
Nestia Ranking : ★★★★★
And the remaining 670 units comprising of 2-room Flexi, 3-room, and 4-room will be on Site B, about 300 metres away from Woodleigh MRT station, along the North-East MRT Line.
Nestia Ranking : ★★★★☆
These two prime sites will add more flats to the Bidadari estate, in addition to the previously launched HDB developments of HDB Alkaff Vista, HDB Alkaff Courtview, HDB Alkaff Oasis, and HDB Alkaff Lakeview.
Kallang-Whampoa (matured estate)
The remaining 250 units will be launched on a single site, Site A, in the Kallang-Whampoa estate, and will comprise of only 3-room and 4-room flats. Situated on the prime site adjacent to the Kallang MRT station and opposite Geylang Lorong 1 bus terminal, homeowners will be delighted with the tremendous ease of accessibility and convenience.
Nestia Ranking : ★★★★★
November 2016 BTO Exercise
The sales launch in Bedok comes rare, while sites in the other 3 estates offer applicants the chance to live in areas with immense potential. Bidadari offers green living and connectivity to new homeowners, while Punggol offers immediate and ready amenities to the new homeowners. Kallang offers connectivity, access to many nearby amenities, and is on the fringe of the city centre. This BTO sales launch offers you the exceptional chance to be able to benefit from the Kallang potential.
(Image credits (from top): All images are from HDB)
Information provided in the published article is general in nature and does not constitute professional financial and property investment advice. While extensive effort has been made to ensure the accuracy of the stated information, individuals must not rely solely on the content to make financial or investment decision. It is advisable to further seek professional advice on investment choice based on individual needs and investment intents.
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