August 2021

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The post Good Class Bungalow (GCB) house-hunting: Confessions from agents appeared first on 99.co.

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Home loans in Singapore are subjected to Loan-to-Value (LTV) limits of up to 75% (bank) or 90% (HDB) only. Also, you may not get approved for the full amount. Here's what to do if you need to borrow more funds for your mortgage.

Nov 2021 Hougang BTO Review: 15 Minutes From Hougang MRT and Kovan MRT

Nov 2021 Hougang BTO Review: 15 Minutes From Hougang MRT and Kovan MRT
Nov 2021 Hougang BTO Review: 15 Minutes From Hougang MRT and Kovan MRT

The Nov 2021 Hougang BTO launch in 2021 will see 690 units of 4-room and 5-room flats available across two launches. 

Despite being a non-mature estate, BTO launches in Hougang tend to be popular among balloters. The recent Hougang BTO launch in Aug was the most popular launch by far, receiving one of the largest applications in recent years. Similarly, the previous BTO launch in Hougang five years ago was also the most popular BTO launch

With its locational attributes and low supply of new flats, the Nov 2021 Hougang BTO launch will likely be among the most popular BTO projects. So let’s find out what they have to offer.

 

Nov 2021 Hougang BTO Map

Locality map of the November 2021 Hougang BTO flats along Hougang Ave 1

Locality map of the November 2021 Hougang BTO flats along Hougang Ave 1 (image source: HDB)

Locality map of the November 2021 Hougang BTO flats along Hougang Ave 1

Locality map of the November 2021 Hougang BTO flats along Hougang Ave 3 (image source: HDB)

Can’t wait for the delay in completion of the flats? Find available resale flats for sale in Hougang on PropertyGuru instead. 

 

Hougang BTO Location (Nov 2021 HDB BTO Launch)

Hougang BTO location (November 2021)

 

Address

Hougang Ave 1; Hougang Ave 3

Nearest MRT

Bartley MRT (Circle Line), Kovan MRT (North-East Line)

Nearest bus interchange

Hougang Bus Interchange

Nearby schools

Paya Lebar Methodist Girls’ School (Primary and Secondary), Yuying Secondary School, Xinghua Primary School, Maris Stella High School

Other nearby amenities

Heartland Mall, Maplewood Park, Hougang Ave 1 Park, health and medical care facility (proposed), civic and community institution (proposed), Hougang Hainanese Food Centre, park (proposed), Hougang Ave 3 Park Connector, Jalan Pelikat Park Connector

Similar to the Aug 2021 BTO launch, there will be two BTO launches in Hougang in November. One of the Hougang BTO projects will be located along Hougang Ave 3, while the other will be right across the road, along Hougang Ave 1. In fact, the former is just right next to August’s Hougang Citrine BTO flats

The main difference between both BTO launches in Nov is the number of flats available; the one located along Hougang Avenue 3 will have slightly more units with 390 flats, while the BTO project along Hougang Ave 1 will offer 300 units. There will also be a proposed health and medical care next to the Hougang Ave 3 flats. 

Apart from that, both flats offer access to the same amenities. Schools in the area include Paya Lebar Methodist Girls’ School (Primary and Secondary), Yuying Secondary School, Xinghua Primary School, and Maris Stella High. They are either within walking distance or are within a 5-minute bus ride. 

Kovan MRT and Hougang MRT are the closest MRT stations, and both are just a short bus ride away. Kovan MRT in particular, is next to Heartland Mall as well as several eateries and retail stores. Hougang MRT is also about a 15 minutes’ bus ride away where there’s also Hougang Central Bus Interchange, Hougang Mall, The Midtown, and Hougang Town Centre. 

In addition, the future Defu MRT station on the Cross-Island Line (CRL) won’t be too far away. Residents will have access to areas like Ang Mo Kio, Tampines North, Pasir Ris, Loyang, and Aviation Park in just a few stops. 

For those who believe in feng shui, do take note that the flats will be close to a Chinese temple. 

 

Hougang BTO Price (Nov 2021 HDB BTO Launch) 

Unit type

Hougang Citrine BTO price (August 2021)

Kovan Wellspring  BTO price (August 2021) (excluding grants)

Resale flat prices in the area (Hougang Avenue 3 and Hougang Avenue 1) 

4-room

From S$324,000

From S$413,000

$390,000 to $990,000

5-room

From S$392,000

-

$520,000 to $988,000

Prices for the November 2021 Hougang BTO will only be released when the sales launch is announced. However, the recent Hougang Citrine BTO launch is a good price indicator as it’s the most recent launch and the units are right across the upcoming BTO launches. A 4-bedroom at Hougang Citrine BTO was priced from S$324,000 while a 5-bedroom started from S$392,000.

Although considered a non-mature estate, resale flats in Hougang typically have good resale values thanks to their good surrounding amenities and wide range of rare HDB flat types such as executive apartments and maisonettes. Notably, it remains the only non-mature estate that has seen a million-dollar flat transaction. 

Over the past year (and excluding DBSS flats, executive apartments, and maisonette flats), the most expensive 5-room flat sold in Hougang was for S$810,000, while the most expensive 4-room flat was S$628,000.

Considering that both a 5-room and 4-room BTO flat in Hougang Cristine are sold for less than half of the price, it would seem that future residents can expect significant returns if they choose to sell after the 5-year Minimum Occupation Period (MOP)

 

Hougang BTO Amenities (Nov 2021 HDB BTO Launch)

Good Range of MRT Stations Nearby

The closest MRT station is Kovan MRT. Although both BTO projects aren’t within close walking distance to the MRT station (about 20 minutes’ walk), the station is within 17 minutes by bus. Apart from that, Bartley MRT, Hougang MRT, and the future Defu MRT station are nearby stations that are accessible by public transport.

Good Schooling Options

Parents with schooling children will be glad to know that there are four schools in the area, including popular schools, Maris Stella High and Paya Lebar Methodist Girls’. The last of which can be reached within 12 minutes by foot.

15 Minutes Away from Heartland Mall and Hougang Mall

The BTO flats will be 15 minutes away by bus from Heartland Mall, where there is the Kovan MRT and Kovan Market and Food Centre. Similarly, the flats will also be 15 minutes by bus to Hougang Mall, which is within walking distance to Hougang MRT, The Midtown, Hougang Town Centre, and Hougang Bus Interchange.

 

Conclusion: Are These Hougang BTO Flats Worth Balloting for?

The August 2021 Hougang BTO flats are likely to be among the most popular flats, if not the most popular, in no small part due to their location and amenities nearby. Additionally, the flats will also likely be among the most affordable among other BTO launches in November 2021, based on the prices of the recent August 2021 Hougang BTO flats.

Pros:

  • Good schools in the area
  • 15 minutes away to malls and MRT stations
  • 4-room and 5-room options suitable for bigger families
  • Value for money considering the location and amenities available

Cons: 

  • Not within close walking distance to MRT stations
  • Not within close walking distance to schools in the area either
  • Only 4-room and 5-room flats available

With good access to amenities like public transportation, malls, food, and schools, the Hougang BTO flats will appeal to those who want convenient access to amenities. They’re also the only projects besides Tengah BTO that will offer 5-room units, but arguably have better amenities, accessibility, and connectivity.

There are only four schools in the area (Paya Lebar Methodist Girls’ School, Yuying Secondary School, Xinghua Primary School, Maris Stella High School), but two (Paya Lebar Methodist Girls’ School and Maris Stella High School) are popular. The close proximity of these schools will give your children priority admission. However, beyond the four schools, there aren’t that many options. If schools are a priority, the Jurong West BTO flats are probably better for you since there are more schools in the area. However, note that it’s a small project, with only 220 units up for grabs. 

 

Not sure if you should ballot for the November 2021 Hougang BTO flats? Read about the other BTO launches in November below:

 

Other FAQs Related to BTOs

Are BTO Flats Cheaper?

BTO flats are heavily subsidised by the Government and are therefore cheaper than resale flats in the market. However, resale flat buyers do have more access to higher grant amounts, which help to offset the price.

How can I increase my chances of getting a BTO Flat? 

There are various ways to improve your changes, including applying through one of the priority schemes such as the Married Child Priority Scheme.

You can also consider balloting for a BTO project in a non-mature and less popular estate.

Is Balloting for BTO Flats Based on a First-come, First-Serve Basis?

No, HDB uses a computerised balloting system that randomly assigns queue numbers. It is not based on a first-come, first-served basis. However, you can increase your balloting chances via the different priority schemes available

Can Singles Buy a 3-room BTO Flat?

No, singles 35 years and above can only buy 2-room Flexi BTO flats in non-mature estates. However, singles aren’t restricted to the type of resale flat they can buy. 

 

For more property news, resources and useful content like this article, check out PropertyGuru’s guides section

Are you looking to buy a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.  

Already found a new home? Let PropertyGuru Finance's home finance advisors help you with financing it.

 

This article was written by Victor Kang, Digital Content Specialist at PropertyGuru. When he's not busy churning out engaging property content* or newsletter copies, he's busy being a lover of all geeky things. Say hi at: victorkang@propertyguru.com.sg

*I mean, I'll try

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