Forget those jokes about Yishun. In the HDB BTO November 2022 launch, there are not one, or two, but three sites located in the northern non-mature estate. This is the third BTO launch taking place in Yishun this year, with previous ones taking place in February and May.
This time around, there will be about 2,960 units up for grabs across all flat types from 2-room Flexi to 5-room units. This is a large supply, but considering the previous launches in the area were oversubscribed, it seems there are actually many people who want to live in Yishun.
HDB BTO November 2022 Yishun BTO Map
Want to buy a home in Yishun but don’t want to have to wait for an HDB BTO flat? Browse the latest listings for Yishun resale flats on PropertyGuru.
Yishun BTO Location (HDB BTO November 2022 Launch)
| HDB BTO November 2022 Yishun | TBA |
| Address | Yishun Avenue 1, Miltonia Close |
| Nearest MRT | Khatib |
| Nearest bus interchange | Yishun, Khatib |
| Nearest schools | Northbrooks Secondary school, Northland Primary School, North View Primary School, Chung Cheng High School (Yishun), Huamin Primary School, Naval Base Primary School, Orchid Park Secondary School |
| Other nearby amenities | Yishun Mall, Wisteria Mall, Yishun Park Hawker Centre, Khoo Teck Puat Hospital, Yishun Community Hospital |
Although there are three different sites in Yishun being launched, they are actually very close to each other and all bordered by Yishun Avenue 1 and Miltonia Close.
The sites overlook Orchid Country Club’s golf course, with the Lower Seletar Reservoir beyond. Yishun Dam is not far away and can be reached easily by bicycle. They are hence ideal for applicants looking for scenic views and a quiet environment.
Note: the land that the golf course sits on is marked as a ‘Reserve Site’ on URA Space. That means your unblocked views are not guaranteed. But judging from by the gross plot ratio of other land parcels in the area, it’s unlikely buildings constructed on the waterfront (if any) will be too tall.
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However, this tranquillity comes at a price, as the Yishun town centre with key amenities like Northpoint City and Yishun Public Library are not accessible by foot.
That said, there are quite a lot of schools in the vicinity, including Chung Cheng High School (Yishun), which is good news for families with young children.
The biggest drawback to the Yishun BTO sites is their distance to the city centre and public transport connectivity. The nearest MRT stations, Khatib and Yishun, are located about half an hour’s walk away, so most residents who rely on public transport will have to take a bus there.
Yishun BTO Price (HDB BTO November 2022 Launch)
| Unit type | Yishun BTO Price (HDB BTO November 2022) | Previous Bukit Yishun BTO Price (HDB BTO May 2022) | Previous Yishun BTO Price (HDB BTO February 2022) | Median resale flat prices in the area (Q2 2022) |
| 2-room flexi | $123,000 – $184,000 | $102,000 – $145,000 | – | |
| 3-room | – | $180,000 – $248,000 | $360,000 | |
| 4-room | $328,000 – $418,000 | $270,000 – $362,000 | $470,000 | |
| 5-room | $485,000 – $595,000 | $385,000 – $485,000 | $622,000 |
With a total of about 2,960 available units, there should be plenty to go around when applicants submit their ballots. However, it should be noted that previous launches in Yishun were oversubscribed, so expect some competition.
HDB’s resale statistics for Q2 2022 indicate that the median resale price for flats in Yishun was $360,000, $470,000 and $622,000 for 3-, 4-, and 5-room flats respectively.
If you do score a BTO flat in the upcoming Yishun launch, you can expect a decent return should you decide to sell your flat after the Minimum Occupation Period (MOP) has been fulfilled. Of course, this is subject to market conditions.
Budgeting for Your Yishun November 2022 BTO Home Loan
The Yishun BTO flats are likely to be relatively affordable, but you should still plan your finances and be clear on how much you can afford to pay before balloting for a flat.
| HDB BTO November 2022 Yishun unit type | Price | If you take an HDB loan (at 2.6% p.a., 85% LTV) | If you take a bank loan (at 2.3% p.a., 75% LTV) |
| 2-room Flexi | $140,000 | $21,000 downpayment; estimated $539.87 monthly mortgage repayments | $35,000 downpayment; estimated $460.54 monthly mortgage repayments |
| 3-room | $200,000 | $30,000 downpayment; estimated $771.24 monthly mortgage repayments | $50,000 downpayment; estimated $657.92 monthly mortgage repayments |
| 4-room | $350,000 | $52,500 downpayment; estimated $1,349.67 monthly mortgage repayments | $87,500 downpayment; estimated $1,151.35 monthly mortgage repayments |
| 5-room | $500,000 | $75,000 downpayment; estimated $1,928.10 monthly mortgage repayments | $125,000 downpayment; estimated $1,644.79 monthly mortgage repayments |
The above starting prices are based on past BTO indicative pricing, but depending on the unit you select, you might end up paying a different price. All prices exclude CPF housing grants.
The above examples use an interest rate of 2.6% and an LTV of 85% for HDB loans and an interest rate of 2.3% and an LTV of 75% for bank loans. These figures have been adjusted to be in line with the latest raft of property cooling measures, implemented in December 2021, as well as current interest rates.
All examples go on the basis of a 25-year loan, but you can opt for a shorter loan if you are able to take on higher monthly instalments.
Check out PropertyGuru’s affordability calculator in order to obtain a more precise estimate for your own home loan. If you are looking for personalised advice about your home loan, feel free to speak with one of our PropertyGuru Finance mortgage experts.
Yishun BTO Amenities (HDB BTO November 2022 Launch)
Close to Nature
The Yishun BTO flats overlook Orchid Country Club’s golf course and the Lower Seletar Reservoir. Yishun Dam is not far away, and there are plans to build a small park built right next to the BTO sites.
Nature lovers or those who enjoy taking an evening walk by a body of water will appreciate living near these amenities.
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Many Schools Nearby
There are many schools in the vicinity, including Chung Cheng High School (Yishun), Northbrooks Secondary School, Naval Base Primary School, and Orchid Park Secondary School, just to name a few.
Conclusion: Is HDB November 2022 Yishun BTO Worth Balloting For?
With a large supply of flats up for grabs, the three upcoming Yishun BTO projects can be attainable for those looking to buy an affordable starter home. However, the relative inaccessibility to the nearest MRT stations might push some to look elsewhere.
Pros of November 2022 Yishun HDB BTO
- Affordable
- Large supply of flats
- Various flat types available, from 2-room Flexi to 5-room units
- Surrounded by nature
- Many schools nearby
Cons of November 2022 Yishun HDB BTO
- Not within walking distance of MRT stations
- Far from city centre
- Not many shopping and food options
With 2,960 units across three BTO sites, the launch in Yishun will be a big one, which could make getting allocated a flat easier. As Yishun is a non-mature estate far away from the city centre and the location of the BTO sites is not near any MRT stations, the flats are likely to be affordably priced.
A full range of flat sizes from 2-room to 5-room is available, making the Yishun launch a possibility for households of all sizes. The launch is best suited to those who are looking for a tranquil suburban home close to nature. Those who work from home and like outdoor activities would be ideal candidates.
Applying for November 2022 HDB BTO Flats
Not sure if you should ballot for the HDB BTO November 2022 Yishun flats? Read about the other upcoming BTO 2022 launches in November below:
- Nov 2022 HDB BTO Launch Review: Bukit Batok, Kallang/Whampoa, Queenstown, Tengah, Yishun
- HDB BTO November 2022 Bukit Batok Review: Verdant Greenery in the West of Singapore
- HDB BTO November 2022 Kallang/Whampoa Review: Excellent City Fringe Location With Lots of Recreational Options
- HDB BTO November 2022 Queenstown Review: Attractive Mature Estate with Well-Loved Amenities
- HDB BTO November 2022 Tengah Review: Brand New Estate Under Development
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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.
