It’s almost time for the HDB BTO Feb 2022 Geylang launch! The project is located only five minutes’ walk from two MRT stations, Dakota and Mountbatten. It is also within walking distance of the Singapore Sports Hub and less than a 15-minute drive to the CBD, thanks to its city fringe location.
Based on past BTO application rates, central and city fringe BTO locations are always in high demand. Now that the Prime Location Public Housing (PLH) scheme has kicked in, any city fringe locations that don’t fall under the PLH are expected to get extra attention. Let’s find out what the project has to offer.
Upcoming BTO 2022: HDB BTO Feb 2022 Geylang BTO Map
Location of the HDB BTO Feb 2022 Geylang flats, bounded by Old Airport Road, Jalan Enam and Dakota Crescent. Source: HDB
Want to live in the neighbourhood but don’t want to wait for a BTO flat? Browse the latest listings for resale flats near Dakota and Mountbatten MRT stations on PropertyGuru.
Upcoming BTO 2022: Geylang BTO Location (HDB BTO Feb 2022 launch)
|
HDB BTO Feb 2022 Geylang |
TBC |
|
Address |
Bounded by Old Airport Road, Jalan Enam and Dakota Crescent |
|
Nearest MRT |
Dakota (Circle Line), Mountbatten (Circle Line) |
|
Nearest bus interchange |
No nearby bus interchanges. Nearest bus stop is Blk 22 (Old Airport Road) |
|
Nearest schools |
Broadrick Secondary School, Kong Hwa School, Chung Cheng High School (Main), Dunman High School, Tanjong Katong Secondary School, Tanjong Katong Girls’ School |
|
Other nearby amenities |
Mountbatten Community Club, City Plaza, Katong Community Centre, Goodman Arts Centre, Old Airport Road Food Centre & Shopping Mall, Kallang Wave Mall, Singapore Indoor Stadium |
There are only two BTO launches within mature estates for the upcoming February 2022 launch. The Feb 2022 Geylang BTO does not fall under the PLH, making it ideal for those who want a home close to the city but do not want to be restricted by PLH rules.
As far as location is concerned, the HDB BTO Feb 2022 Geylang site is extremely well-placed. Bounded by Old Airport Road and Jalan Enam, it is located right opposite Old Airport Road Food Centre. The site sits in a parcel between two MRT stations on the Circle Line, Dakota and Mountbatten, both of which are about 5 minutes’ walk away.
From Mountbatten MRT, the ride to Telok Ayer MRT in the CBD is a mere 11 minutes; the ride to Dhoby Ghaut MRT is 12 minutes. By bus, you can get to Orchard Road in under half an hour. Multiple buses connect you to the trendy Joo Chiat/Katong area which is chockful of cafes and bars. The chic Guillemard Road/Geylang area has many pocket-friendly watering holes you can head to for Happy Hour.
There is a whole host of amenities in the vicinity, including the Kallang sporting precinct and Kallang Wave Mall, as well as celebrated food and lifestyle options like Goodman Arts Centre and the Old Airport Road Food Centre. PLQ Mall, Paya Lebar Square and the SingPost Centre are one stop away from Dakota MRT station.
For families with kids, there are numerous popular schools in the area to choose from, including Dunman High School and Tanjong Katong Girls’ School. There is a park connector which leads all the way to the Marina Barrage and Bayfront area, which is great for those who like to do long-distance running or take bike rides.
In other words, this launch can do no wrong in terms of location. But competition for the 440 units is likely to be fierce, and buyers will have to be prepared to pay a premium for the coveted city fringe location.
Upcoming BTO 2022: Geylang BTO Price (Feb 2022 HDB BTO Launch)
|
Unit type |
Geylang BTO Price (HDB BTO Feb 2022 ) |
Previous Geylang BTO Price (HDB BTO May 2021) |
Previous Geylang BTO Price (HDB BTO Aug 2020) |
Resale flat prices in the area |
|
2-room Flexi |
TBC |
From $180,000 |
– |
– |
|
3-room |
TBC |
From $343,000 |
From $355,000 |
$580,000* |
|
4-room |
TBC |
From $489,000 |
From $523,000 |
$728,888 to $780,000* |
With just 440 units of 2-room Flexi, 3-room and 4-room flats up for grabs, the HDB BTO Feb 2022 Geylang project is likely to be oversubscribed. The last Geylang BTO launch in May 2021 saw an overall subscription rate of 2.1 for 2-room Flexi flats, 3.6 for 3-room flats and 5.5 for 4-room flats.
Due to its city fringe location in a mature estate, HDB flats in Geylang tend to command a premium, with prices for 4-room BTO flats being close to half a million dollars. Prices are likely to mimic the Dakota One HDB BTO August 2020 Geylang launch.
According to HDB’s resale statistics, the Q3 2021 median resale prices for a 3-room and 4-room flat for Geylang are $292,500 and $638,000 respectively. So future residents can expect to see a modest, but healthy return, if they decide to sell after the 5-year Minimum Occupation Period (MOP).
*The above-mentioned prices for homes in the area are for HDB resale flats that were built after the 2000s. But if you favour location over a longer lease, you’ll be able to find an older, but much cheaper HDB flat!
Budgeting for Your Geylang Feb 2022 BTO Home Loan
Wondering if you can afford a Geylang Feb 2022 BTO flat? We use some price approximates so you can budget for your potential new home.
|
HDB BTO Feb 2022 Geylang unit type |
Price |
If you take an HDB loan (at 2.6% p.a.) |
If you take a bank loan (at 1.6% p.a.) |
|
2-room Flexi |
$200,000 |
$30,000 downpayment; estimated $910 monthly mortgage repayments |
$50,000 downpayment; estimated $731 monthly mortgage repayments |
|
3-room |
$350,000 |
$52,500 downpayment; estimated $1,591 monthly mortgage repayments |
$87,500 downpayment; estimated $1,279 monthly mortgage repayments |
|
4-room |
$500,000 |
$75,000 downpayment; estimated $2,273 monthly mortgage repayments |
$125,000 downpayment; estimated $1,827 monthly mortgage repayments |
Note: We’ve used the lowest starting price estimates, but depending on your chosen unit, the exact price may vary. Prices stated here excludes any CPF housing grants. For HDB loans, we’ve assumed an interest rate of 2.6% p.a., at 85% LTV (adjusted after the announcement of the Dec 2021 property cooling measures). For bank loans, we’ve assumed an interest rate of 1.6% p.a., at 75% LTV. This will be updated in Feb 2022 when the actual prices are released.
Related article: Mortgage Repayments in Singapore: What, When, Why, and How?
In the above examples, we’ve gone on the basis of a 20-year loan. If you can afford to pay more per month, you can choose to shorten your loan tenure and pay off your loan faster.
If you need help, you can use our affordability calculator or feel free to speak with a PropertyGuru Finance Home Loan Advisor if you need personalised advice about home loans and financing.
Upcoming BTO 2022: Geylang BTO Amenities (HDB BTO Feb 2022 Launch)
Five Minutes’ Walk from Mountbatten and Dakota MRT Stations
The February 2022 Geylang BTO project is located in between Mountbatten and Dakota MRT stations, both on the Circle Line. From Mountbatten MRT, residents can reach Telok Ayer MRT in the CBD in 11 minutes and Dhoby Ghaut MRT in 12 minutes.
Residents also enjoy very easy access to the other lines on the MRT network. The North East Line is just one stop away from Dakota MRT via Paya Lebar Station, while the Downtown Line is two stops away via MacPherson Station.
Just Minutes from the CBD by Car, Public Transport
Office workers rejoice! The February 2022 Geylang BTO project is in an ideal city fringe location, which makes commuting to the CBD quick and easy. As mentioned earlier, by MRT from Mountbatten MRT, it takes just 11 minutes to reach Telok Ayer in the CBD and 12 minutes to get to Dhoby Ghaut station.
Those who commute by car can reach Raffles Place in less than 15 minutes via Nicoll Highway or the ECP, both of which are swiftly accessible via Old Airport Road. There are direct buses, to Orchard Road and Vivocity which run late, which means you can take a bus home after a Friday night out and reach home in about half an hour or less.
In the Heart of the Sporting Precinct
Besides the usual creature comforts that residents of mature towns enjoy, the Geylang BTO project also benefits from its proximity to the Kallang sporting precinct and Kallang Wave Mall, which is equipped with sporting and entertainment facilities like an ice skating rink, rock climbing wall, lawn bowling lanes and canoe and kayak rentals.
In fact, residents can even cycle comfortably to the CBD via the Geylang Park Connector, which is located a stone’s throw from the BTO project and leads directly to Gardens by the Bay East.
Great Food Scene
Geylang is also a foodie’s paradise, and residents will be spoilt for choice thanks to local hawker hotspots like Old Airport Road Food Centre and eateries on Geylang Road.
For those who are looking for chic cafes, bars and dining options, nearby Guillemard Road and the Katong and Joo Chiat neighbourhoods are home to stylish venues that are popular with the expat crowd.
Many Renowned Schools in the Area
Parents who have grand ambitions for their children will be happy to know that there are many renowned schools in the area.
Reputable schools within 20 minutes’ walking distance include Dunman High School, Chung Cheng High School (Main), Tanjong Katong Girls’ School and Tanjong Katong Secondary School.
The BTO project is also located about 10 minutes’ drive from Victoria School and Victoria Junior College.
Conclusion: Are the HDB BTO Feb 2022 Geylang Flats Worth Balloting For?
If you don’t mind paying more to live in a central location with a good selection of amenities, the Geylang February 2022 BTO project is ideal for you.
Pros of the Upcoming February 2022 Geylang HDB BTO
- Central location
- Walking distance to two MRT stations
- Short distance to sports hub
- Easy access to various malls and eateries
- Many established schools nearby
Cons of the Upcoming February 2022 Geylang HDB BTO
- Likely to be pricey
- 5-room flats not available
- Likely to see fierce competition for limited number of flats
The February 2022 BTO Geylang launch is expected to see high demand and be heavily oversubscribed. The project enjoys an excellent location and amenities but offers a limited supply of only 440 flats.
For young couples looking to start a family, the 4-room flats, which come with three bedrooms, would probably be a top pick. With multiple prestigious schools like Chung Cheng High School (Main), Dunman High School and Tanjong Katong Girls’ School located within walking distance, schoolgoing children will be able to save on commuting time.
The project is also likely to be popular with affluent childless couples due to its central location and proximity to the CBD and sporting facilities. For this group, who can consider smaller flat types like 2-room Flexi and 3-room, the project offers excellent lifestyle perks and convenience when commuting to work or social occasions.
Unfortunately, singles cannot apply for the 2-room Flexi flats as they are located in a mature estate. But resale flats in the neighbourhood are an option, albeit a pricer one.
The Geylang project is likely to be a pricey launch. For those on a budget or who would prefer a larger flat, check out the February 2022 launches in non-mature estates Tengah and Yishun.
Not sure if you should ballot for the HDB BTO Feb 2022 Geylang flats? Read about the other upcoming BTO 2022 launches in February below:
- Feb 2022 BTO Launch Overview
- Kallang/Whampoa
- Yishun
- Tengah
More FAQs about BTO Flats in Singapore
When Can I Apply for the February BTO?
You must apply for a BTO flat within one week of the February 2022 sales launch. Launch dates will be announced via the HDB flat portal.
Can Singles Buy a 3-room BTO Flat?
No, singles can only buy 2-room Flexi flats in non-mature estates. However, they face no restrictions on resale flat types.
Can I Own Two HDB Flats?
No, you cannot. If you buy a second flat, you must sell the first one within six months of collecting your keys to the second flat.
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This article was written by Joanne Poh. A former real estate lawyer, she writes about property and personal finance and spends her free time compulsively learning languages and roller skating in carparks.
