If you want to live within walking distance of an MRT, keep your eyes peeled for the Woodlands BTO project in this August 2022 HDB BTO launch.
Situated in the North of Singapore, Woodlands is the second most densely populated estate in Singapore after Jurong West, with a population of a whopping 242,500 residents spread across 68,153 flats.
Woodlands’s BTO flats make up 12.5% of the total units offered in the August 2022 launch, with 620 units spanning three room types: 2-room, 3-room and 4-room.
August 2022 Woodlands HDB BTO: At a glance
| Location | Along Woodlands Avenue 1 and Woodlands Drive 16 |
| Classification | Non-mature estate |
| Number of units | 620 |
| Flat types | 2-room Flexi, 3-room and 4-room |
| Number of blocks | TBC |
| Estimated waiting time | TBC |
| Estimated completion date | TBC |
| Nearest MRT | Woodlands South MRT |
| Notable amenities | ACE The Place Community Club, Vista Park, Vista Point, Mandai Tekong Park, 888 Plaza, Causeway Point, Woodlands Civic Centre, Woodlands Regional Library, Woodlands Health Campus, Woodlands Regional Centre |
August 2022 Woodlands HDB BTO: Indicative price range
While we wait for HDB to release the price range, you can refer to SRX’s estimations based on nearby resale transactions and launch prices from recent BTO launches.
| Flat type | Price range |
| 3-room | S$230,000 – S$290,000 |
| 4-room | S$340,000 – S$470,000 |
Source: SRX. These estimations have been adjusted for differences in property age and location. If a launch is nearer to an MRT or commercial development, it’s likely to be more expensive.
Estimated downpayment, monthly instalment and income
Based on these pricing forecasts, we can estimate the downpayment, monthly instalments and household income needed to pay for the August 2022 Woodlands BTO flat. These estimates are based on the following assumptions:
- An HDB loan is taken, maximising the 85% loan-to-value (LTV)
- The loan tenure is 25 years, with the current interest rate of 2.6%
- There is no other housing loan to service
Let’s put this into better focus by taking the median of the price range, without accounting for CPF grants or savings. A mortgage calculator will also be used to work out the math.
Do note that for public housing, only up to 30% of your monthly household income can be used to service your home loan.
This is called the Mortgage Servicing Ratio (MSR). By taking this into account, we can then find the estimated household monthly income needed for the flat.
| Flat type | Median price | Loan amount (85%) | Min. downpayment (15%) | Estimated monthly instalment | Estimated monthly household income |
|---|---|---|---|---|---|
| 3-room | S$260,000 | S$221,000 | S$39,000 | S$1,002.61 | S$3,342.03 |
| 4-room | S$405,000 | S$344,250 | S$60,750 | S$1,561.76 | S$5,205.87 |
August 2022 Woodlands HDB BTO: The Pros
Accessibility
The nearest MRT station is Woodlands South, a convenient 5-minute walk away.
And here’s more good news: Stage 3 of the Thomson-East Coast Line will be operational in 2024. With the TEL, you’ll be able to get to Orchard within 35 minutes, compared to the current 50-minute journey by bus and MRT.
If you prefer to drive instead, you can get to the Seletar Expressway (SLE) via Woodlands Avenue 12 in just under 5-minutes.
Schools
There are three primary schools within 1km of the Woodlands BTO, which is important for parents gunning for the proximity distance advantage when it comes to Primary 1 registration.
Tertiary education choices leave much to be desired, though.
- PCF Sparkletots Preschool (900m)
- Little Footprints Preschool (1.3km)
- Innova Primary (670m)
- Woodlands Ring Primary (880m)
- Woodgrove Primary (920m)
- Woodgrove Secondary (170m)
- Christ Church Secondary (330m)
- Singapore Sports School (770m)
*The distance of schools is an approximation.
Nearby amenities
When it comes to getting groceries, the nearest supermarket is Giant at Vista Point, a 6-minute walk away.
While Vista Point is your standard small Heartland Mall that’s nothing to write home about, you will be able to secure your basic amenities there. You can find two food courts, a wet market, clinics, education centres and a childcare centre.
There’s also a McDonald’s, which is probably the most exciting bit about the mall.
If you don’t mind walking a little further for groceries, there are two NTUC Fairprice shops at Woodlands Avenue 1 (760m) and Block 888 (1.12km).
For more dining and retail options, the next nearest mall would be Causeway Point, a 7-minute drive away.
Healthcare
Woodlands Health Campus is an integrated-health facility built to serve the entire North-western population. It spans 7.66 hectares (about 11 football fields) and is slated to open progressively from the end of 2023 onwards.
Green spaces
Nature lovers will be delighted to know that many green spaces are in the immediate vicinity. Vista Park is a 10-minute stroll away and was recently revamped to include a range of exercise facilities and play areas for children.
Suppose you want a little more of a challenge, head to Woodlands Town Park East (an 8-minute drive away). This hidden gem is a gorgeous space with winding paths and a hilly terrain that you can climb to enjoy stunning panoramic views of the surrounding HDB estate from the top.
Take a stroll to the Ulu Sembawang Park Connector (2.4km away) to watch the peaceful sunrise amongst lush foliage.
August 2022 Woodlands HDB BTO: The Cons
No 5-room flats available
Unlike the Tampines, Ang Mo Kio and Choa Chu Kang BTO projects, there are no 5-room flats available for this launch.
If having more room to spread out is important for you, go for those projects instead. However, if you’re not fussed with a slightly smaller living space, you can go for the 4-room flats offered.
August 2022 Woodlands HDB BTO: Price appreciation
Woodlands has been on a gentle uptrend over the last decade, with a price appreciation of 14.30% across all flat types.
The price appreciation of 3-room flats fared better against that of 4-room flats, with a price appreciation of 12.17% versus 7.80%.
As of end-June 2022, here are the average price psf and the average price for 3-room and 4-room flats in Woodlands.
| Flat type | Average price psf | Average price |
| 3-room | S$464 | S$344,949 |
| 4-room | S$436 | S$454,238 |
August 2022 Woodlands HDB BTO: Conclusion
In our opinion, the Woodlands BTO project is an excellent pick for a non-mature estate, especially with the Woodlands South MRT being a stone’s throw away.
With the borders opened, you can also pop over to Johor Bahru easily, which will be made even more convenient with the Singapore Rapid Transit System Link by the end of 2026.
However, there’s a lack of 5-room flats, so if you’re looking for a project with larger flats, you should check out the Tampines, Ang Mo Kio, or Choa Chu Kang launches instead.
Will you apply for the August 2022 Woodlands BTO? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, check out our overview of the August 2022 BTO projects and in-depth reviews:
- Ang Mo Kio August 2022 BTO
- Bukit Merah August 2022 BTO
- Choa Chu Kang August 2022 BTO
- Jurong East August 2022 BTO
The post August 2022 HDB BTO in-depth review: Woodlands appeared first on 99.co.
