As they say, my heart goes “Bedok, Bedok” – this Bedok May 2023 BTO project will surely have that effect.
Not only is it a rare one – the last Bedok BTO project was announced seven years ago in 2016 – but it’s also a big upcoming BTO 2023 launch, comprising about 1,630 units across all flat types, from 2-room Flexi to 5-room, and even 3-Gen flats!
The May 2023 Bedok BTO site has a fantastic location, being close to Tanah Merah MRT station and various amenities that cater to families (yes, including choice schools, a community centre and parks!). Did we mention it’s close to Bedok 85 Fengshan Food Centre? Read on to find out about this upcoming BTO 2023 site.
HDB BTO May 2023 Bedok BTO Map
Bedok May 2023 HDB BTO Location
| Name of the Bedok HDB BTO May 2023 project | TBA |
| Address | Bounded by Bedok South Road and Bedok South Avenue 3 |
| Types of BTO flats available | 2-room Flexi, 3-room, 4-room, 5-room, and 3Gen flats |
| Starting prices | TBA |
| Nearest MRT station | Tanah Merah MRT station |
| Nearest amenities | Siglap Community Club, Bedok ActiveSG Stadium, Bedok ActiveSG Swimming Complex, Bedok Public Library, Bedok Interchange Hawker Centre, Bedok Mall, and Djitsun Mall Bedok |
| Nearby schools | Anglican High School, Bedok Green Primary School, Bedok Green Secondary School, Bedok View Secondary School, Fengshan Primary School, Red Swastika School, St. Anthony’s Canossian Primary School, Temasek Junior College (TJC), Temasek Primary School, Temasek Secondary School, and Yu Neng Primary School |
Just around the corner from the Bedok BTO May 2023 site is Tanah Merah MRT on the East-West Line (EWL), which is about a 10-minute walk away. Other MRT stations around the upcoming BTO 2023 site include Bedok MRT station, along the EWL, and Bedok Reservoir and Bedok North MRT stations, both on the Downtown Line.
There are also two schools in the immediate vicinity of the upcoming BTO 2023 site (a secondary school and a special education school), with a primary school and even a junior college just slightly further afield.
Just one stop away is the bustling Bedok town centre, with its shopping malls, integrated transport hub, community facilities, hawker centres, and more. It’s great to live close to the heart of the estate, but yet far enough to enjoy the peace and quiet over at the Tanah Merah area (where more condos are). By the way, hot supper spot Simpang Bedok is also a stone’s throw away, as well as the famed Bedok 85 Fengshan Food Centre and Market.
For those who enjoy staying active, a couple of park connectors are within easy reach of the upcoming BTO 2023 Bedok launch. It’s a great opportunity to take the bicycle or skate scooter out for a spin, and for the whole family to hit the park for a stroll or jog around the scenic Bedok Reservoir.
Bedok HDB BTO Price (HDB BTO May 2023 Launch)
| Unit type | Bedok BTO price (HDB BTO May 2023) | Bedok BTO price (HDB BTO November 2016) | Previous Bedok BTO price (HDB BTO May 2016) | Previous Bedok BTO price (HDB BTO November 2012) | Median resale flat prices in the area (Q4 2022) |
| 2-room Flexi flat | TBA | From $135,000 | N/A | From $99,000 | $280,000 |
| 3-room flat | TBA | $276,000 to $308,000 | $272,000 to $318,000 | From $242,000 | $360,000 |
| 4-room flat | TBA | $407,000 to $527,000 | $408,000 to $467,000 | From $366,000 | $480,000 |
| 5-room flat | TBA | $503,000 to $578,000 | – | From $471,000 | $650,000 |
| 3Gen flat | TBA | – | – | – | – |
When was the last time a 3Gen was launched in Bedok? Hint: never. We’re betting that the availability of larger flat types will this upcoming BTO 2023 project a popular one. So while there are about 1,630 units up for grabs, we feel that there is no guarantee this Bedok 2023 May BTO project will be easy to ballot for.
Also, this upcoming BTO 2023 project in Bedok has good public transport links, nearby amenities, and a range of living units that are well-suited for everyone (from seniors to young couples and big families).
According to the HDB’s resale statistics, as of Q4 2022, the median resale price of 2-room Flexi flats in Bedok was $280,000, 3-room flats $360,000, 4-room flats $480,000, and 5-room flats $650,000.
These resale prices are higher than the price of recent BTO flats – an indication that flats in the area can offer good investment potential, especially if they are sold soon after they have fulfilled their MOP. Of course, this is subject to market conditions.
The resale flat information for 3Gen flats is unknown due to the lack of 3Gen flats sold in Bedok. But when the Minimum Occupancy Period (MOP) for these upcoming launches is fulfilled, it will be interesting to see how many families might consider selling their freshly MOP-ed units.
Budgeting for Your Bedok May 2023 BTO Home Loan
Buying a property is a big financial decision, so it’s always good to budget before throwing in your ballot when the launch window rolls around in May 2023. Here is an estimate of how much to budget for the Bedok May 2023 BTO flats.
| HDB BTO May 2023 Bedok unit type | Price (estimated) | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.5% p.a., 75% LTV) |
| 3-room flat | $300,000 | $60,000 down payment, estimated $1,089 monthly mortgage repayments | $75,000 down payment, estimated $1,126 monthly mortgage repayments |
| 4-room flat | $420,000 | $84,000 down payment, estimated $1,524 monthly mortgage repayments | $105,000 down payment, estimated $1,577 monthly mortgage repayments |
| 5-room flat | $550,000 | $110,000 down payment, estimated $1,996 monthly mortgage repayments | $137,500 down payment, estimated $2,065 monthly mortgage repayments |
| 3Gen | $600,000 | $120,000 down payment, estimated $2,178 monthly mortgage repayments | $150,000 down payment, estimated $2,253 monthly mortgage repayments |
In the table above, all prices are estimates, as the official prices have yet to be released by HDB. Note that your actual price will vary depending on the unit you select. All prices stated here exclude CPF housing grants.
We have used an interest rate of 2.6% and a Loan-to-Value (LTV) limit of 80% for the HDB loan examples and an interest rate of 3.4% and an LTV of 75% for the bank loan examples. The above examples go on the basis of a 25-year loan. However, if you can make higher monthly repayments, you may want to opt for a shorter loan.
For a more accurate estimate appropriate to your situation, you can use PropertyGuru’s affordability calculator. You can also chat with a PropertyGuru Finance Mortgage Expert for personalised advice on home loans and financing.
Bedok BTO May 2023 Amenities
Walking Distance to Tanah Merah MRT Station
The Bedok BTO May 2023 flats are about a 10-minute walk to Tanah Merah MRT station on the EWL. This connects to the Central Business District (CBD) directly. For those who work in industrial areas, the Kaki Bukit area and Changi Business Park are also accessible.
Abundant Nature Trails and Parks Nearby
There are also a couple of park connectors just short bus rides away, including Bedok Reservoir for a scenic jog or stroll.
Many Schools in the Vicinity
Speaking of families, there are various schools for children of different school-going ages close by. Being able to travel to school by foot, or have school be a short bus ride away will save them precious sleep time in the mornings as well!
Bustling Town Centre Close By
Bedok, a bustling town centre with all the amenities you could ever need, is one MRT station away. This includes an active ageing centre, a swimming complex, a public library, and more.
Food Paradise Galore
Easties will testify that there’s always good food around them. Bedok is one of the best places to be a foodie, as you’re close to Simpang Bedok, Bedok 85, and the trendy Katong area.
Conclusion: Is the Bedok May BTO 2023 Project Worth Balloting For?
Yes, yes, and yes! Especially if you love staying in the east. However, do note that competition will likely be stiff, especially for the larger units. So, it may be advisable to apply without the expectation that you will 100% secure a ballot, and you’ll be good to go!
Pros of the Bedok May BTO 2023 Project Launch
- A relatively large supply of flats
- Various BTO unit types available, from 2-room Flexi to 3Gen flats
- A large number of nature trails and parks around
- Many choice schools nearby
- Walking distance to an MRT station (with other MRT stations in the area too)
Cons of the Bedok May BTO 2023 Project Launch
- Likely to see stiff competition
- Slightly far from the city centre
Being situated in a mature HDB estate, May 2023 Bedok BTO flats could be on the pricier side. But its distance from the city centre could mean the prices are kept lower. Only time will tell how much this upcoming Bedok BTO project will cost.
Regardless of the price, the upcoming BTO 2023 project in Bedok will be a great pick for just about anyone. The 3Gen flats will be a big draw too, especially for families.
Do you want to buy a home in Bedok but don’t want to wait for an HDB BTO flat? Browse Bedok HDB resale flats on PropertyGuru.
Applying for May 2023 BTO Flats
Not sure if you should ballot for the Bedok May 2023 BTO flats? You could either go for a Sale of Balance Flats (SBF) unit or read about the other upcoming BTO launches for May 2023 before applying below:
- HDB BTO May 2023 Launch Review: Bedok, Kallang/Whampoa, Serangoon, and Tengah
- May 2023 BTO Kallang/Whampoa Review: Central Location in Little India
- May 2023 BTO Serangoon Review: First Launch in Almost a Decade, Near Serangoon Gardens Estate
- May 2023 BTO Tengah Review: A Win for Both Drivers and Public Transport Commuters
How to Apply for a BTO Flat in Singapore?
Please be aware that starting from the August 2023 BTO launch, first-time BTO candidates who receive a BTO ballot but do not select a flat will be considered second-timers for the following year. If they still don’t choose a flat on their second BTO application, they won’t be able to apply for a BTO flat for a year thereafter.
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