Among the August 2023 HDB BTO projects, the Tengah BTO will be one of the two projects offering 5-room flats. The other project offering the flat type is Choa Chu Kang BTO.
August 2023 Tengah HDB BTO at a glance
| Location | Along Plantation Close |
| Classification | Non-mature estate |
| Flat types and number of units | 1,010
2-room Flexi 3-room 4-room 5-room |
| Estimated price for a 4-room flat* | S$370k – S$460k |
| Estimated waiting time | TBC |
| Estimated completion date | TBC |
| Delivery possession date | TBC |
| Nearest MRT | Tengah Park MRT |
| Notable amenities | Neighbourhood centre, Le Quest Shopping Mall, Jurong Polyclinic, Jurong East Sports Centre |
August 2023 Tengah HDB BTO: Price range and estimated monthly instalments
HDB hasn’t released the price range yet. For now, here’s SRX’s estimations based on nearby resale transactions and launch prices from recent BTO launches.
| Flat type | Price range |
| 3-room | S$250,000 – S$300,000 |
| 4-room | S$370,000 – S$460,000 |
| 5-room | S$480,000 – S$600,000 |
*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.
Check your affordability with 99.co’s affordability calculator!
Estimated downpayment, monthly instalments and income
Based on these pricing forecasts, we can estimate the downpayment, monthly instalments and household income needed to pay for the August 2023 Tengah BTO flat. These estimates are based on the following assumptions:
- An HDB loan is taken to maximise the 80% loan-to-value (LTV), given the latest changes in LTV
- The loan tenure is 25 years, with the current interest rate of 2.6%
- A stress-test rate of 3% is used to calculate the Mortgage Servicing Ratio (MSR), which stipulates that up to 30% of your monthly household income can be used to pay the monthly instalments.
- There is no other housing loan to service
To illustrate, we’ll use the median of the price range and won’t be taking into account any CPF grants or savings to be used.
| Flat type | Median price | Loan amount (80%) | Downpayment (20%) | Estimated monthly instalment (with 2.6% interest rate) | Estimated monthly household income (with 3% stress-test) |
| 3-room | S$275,000 | S$220,000 | S$55,000 | S$998.07 | S$3,477.53 |
| 4-room | S$415,000 | S$332,000 | S$83,000 | S$1,506.18 | S$5,247.93 |
| 5-room | S$540,000 | S$432,000 | S$108,000 | S$1,959.85 | S$6,828.63 |
Should you take an HDB loan or a bank loan? Find out more about the pros and cons here.
If you’re considering taking out a bank loan, contact 99.co’s mortgage broker for the best rates!
August 2023 Tengah HDB BTO: Location and nearby amenities
^Disclaimer: Walking, public transport ride and driving durations are based on Google Maps estimates. Actual times may vary.
Accessibility
We like that this August 2023 Tengah BTO is located in front of Tengah Park MRT (to be ready in 2028) on the Jurong Region Line (JRL), making it very convenient for residents to get to other areas in the west region and the rest of the island.
Meanwhile, drivers will be pleased to know that the Pan-Island Expressway (PIE) entrances and exits are located just down the road via Bukit Batok Road.
At the same time, with these conveniences, you should be prepared for some noise pollution coming from the elevated track of the JRL and the PIE.
Food and retail amenities
Based on the BTO map, the nearest food and retail amenity will be the neighbourhood centre along Plantation Crescent, which is currently under construction. It will probably be completed by the time this August 2023 Tengah BTO is completed. But we predict it will take a few years before more shops are established here.
The good thing about this BTO is its location at the southern edge of Tengah. So you can easily head to the more developed neighbouring estates for daily necessities as the town gets more developed.
In fact, this BTO is across the street from Bukit Batok West, where you can find a few supermarkets such as NTUC Fairprice and Sheng Shiong Supermarket. There’s also a wide range of eateries and mom-and-pop shops at Bukit Batok West Shopping Centre.
Moreover, this Tengah BTO is around a 13-minute walk to Le Quest Shopping Mall (which is integrated with Le Quest condo). As of writing, it has an NTUC Fairprice Finest and a good range of fast food outlets.
Next to Le Quest is the upcoming Harmony Village, a Community Care Apartment project featuring a hawker centre. It’s expected to be completed by 2024.
For even more retail therapy options, you can always head to Jurong East, where you have three malls to explore: JEM, Westgate and IMM.
Schools
For future parents, there are a few primary schools within 1km of this August 2023 Tengah BTO to choose from:
- Bukit View Primary (moving to Bukit Batok West in 2027)
- Pioneer Primary (moving to Tengah in 2026)
- Princess Elizabeth Primary (and MOE Kindergarten)
- Jurong Primary
Meanwhile, the BTO falls slightly outside the 1km radius of the new ACS (Primary) campus in Tengah, which will open in 2030.
When it comes to buying a house, it’s always good to have a few primary schools within 1km, so that you’ll face less competition during the Primary 1 registration.
At the same time, given that Tengah is the newest HDB town, it will naturally be home to many young families in the years to come. So it’s expected that more parents will be vying for a seat for their school-going kids during the Primary 1 registration.
Read more: How the new home-school distance rule kept Princess Elizabeth Primary School oversubscribed 5:1 in Phase 2C in 2022.
Other than primary schools, there’s a good range of schools nearby, including:
- Bukit Batok Secondary
- Crest Secondary
- Jurongville Secondary
- Shuqun Secondary
- Millennial Institute
- Eden School
- Dulwich College
Healthcare facilities
The nearest polyclinics are Jurong Polyclinic and the upcoming Tengah Polyclinic. The former is located across the PIE and will move 150m from its current location in 2025.
Meanwhile, Tengah Polyclinic is expected to be ready by 2026.
August 2023 Tengah HDB BTO: What’s the potential price appreciation?
As the newest HDB town, there’s potential for price growth in Tengah. But as it’s still being developed, it will take several years before we see property price appreciation here.
Major developments that will help support price growth include the upcoming Jurong Region Line, which will improve transport connectivity for residents here. Jurong Lake District and Jurong Innovation District, which are set to be major employment hubs in the west, will also provide some upside and rental opportunities in the area.
For now, we’ll look at the price trends of HDB resale flats in the neighbouring areas (Bukit Batok and Jurong East) over the last 10 years.
Due to a number of recently MOP-ed flats in Bukit Batok entering the resale market (such as West Crest @ Bukit Batok), prices of HDB resale flats in the estate have hit double digits, higher than the price increase for the average price in non-mature estates. On the other hand, the price increase in Jurong East has generally been lower than those in non-mature estates.
For instance, 3-room HDB resale flats in Bukit Batok have recorded a 21.85% increase. It pales in comparison to the price increase for the same flat type in Jurong East (7.83%).
The price growth is even more significant for 4-room HDB resale flats in both estates, with prices up by 33.15% for Bukit Batok and 12.35% for Jurong East. The price increase was also very steep between 2020 and 2022, at 43.44% for Bukit Batok and 18.93% for Jurong East.
Meanwhile, prices of 5-room HDB resale flats were up by 38.95% in Bukit Batok and 10.45% in Jurong East.
Here are the average resale prices in Bukit Batok and Jurong East so far this year, as of 26 July 2023:
| Bukit Batok | Jurong East | |||
| Flat type | Average price psf | Average price | Average price psf | Average price |
| 3-room | S$550 | S$402,365 | S$487 | S$371,289 |
| 4-room | S$583 | S$588,894 | S$467 | S$482,820 |
| 5-room | S$617 | S$763,079 | S$490 | S$645,339 |
HDB flats in Bukit Batok
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
3
2
3
2
2
1
3
3
2
2
2
2
2
2
2
2
2
2
2
1
3
2
2
2
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
-1
2
2
2
2
2
2
2
-1
-1
3
2
2
2
2
2
2
1
2
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
-1
0
3
2
3
2
3
2
-1
0
3
2
3
2
3
2
-1
0
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
2
2
-1
0
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
4
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
3
3
4
2
3
2
3
2
3
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
4
3
3
3
3
3
3
3
3
3
3
3
3
2
4
3
4
4
-1
0
3
2
4
2
3
3
3
2
4
3
3
3
3
3
3
2
4
2
4
2
4
2
3
2
-1
1
3
2
3
3
4
3
4
2
4
2
3
2
4
2
3
0
3
3
3
3
3
2
4
3
HDB flats in Jurong East
1
1
2
2
1
1
2
2
-1
2
2
2
2
-1
2
2
2
1
2
2
2
2
2
2
2
1
2
2
2
2
2
2
2
2
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
2
2
2
2
3
2
3
2
-1
0
3
2
3
2
-1
-1
0
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
-1
0
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
-1
1
-1
1
3
2
3
2
-1
0
-1
0
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
3
3
2
3
2
3
2
-1
3
2
3
2
3
2
3
2
-1
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
-1
3
3
4
2
4
3
4
2
3
3
4
3
5
2
4
3
3
3
4
3
-1
3
3
4
2
August 2023 Tengah HDB BTO: What are my chances of getting a queue number?
The last HDB BTO launches nearby this August 2023 Tengah BTO site are Garden Waterfront @ Tengah and Plantation Verge. So we’ll use their application rates to gauge the popularity of this BTO.
Here are the application rates of Garden Waterfront @ Tengah during the November 2022 BTO exercise:
| Flat type | Seniors | First-timer singles | First-timer families | Second-timer families |
| 2-room | 1.2 | 3.4 | 0.1 | 0.5 |
| 3-room | NA | NA | 1.5 | 16.2 |
| 4-room | NA | NA | 1.9 | 16.2 |
| 5-room | NA | NA | 2.6 | 35.2 |
Meanwhile, the application rates of Plantation Verge was combined with Parc Meadow @ Tengah, which were launched during the May 2023 BTO exercise:
| Flat type | Seniors | First-timer singles | First-timer families | Second-timer families |
| 2-room | 1.3 | 3.4 | 3.5 | 0.6 |
| 3-room | NA | NA | 0.9 | 10.5 |
| 4-room | NA | NA | 1.2 | 11.0 |
| 5-room | NA | NA | 1.8 | 25.0 |
(Note that although there’s a lot of buzz around Parc Meadow due to its proximity to the new ACS Primary campus, the application rates for first-timers were surprisingly low.)
Based on these application rates, we can safely say that if you’re a first-timer applying for a 3-room, 4-room or 5-room flat, you stand a good chance of securing a queue number
If you’re a first-timer who’s married and aged 40 and below, or have at least one Singaporean child aged 18 and below, you stand a higher chance of securing a queue number if you meet the following conditions:
- Never owned or sold a residential property before
- Did not have a chance to book a BTO or SBF flat in the past five years before the flat application
On the other hand, if you’re a single planning to apply for a 2-room Flexi flat, expect some stiff competition.
This Tengah BTO is one of the only two projects (the other one is Choa Chu Kang BTO) that will be available for singles to apply in this August 2023 BTO exercise. Moreover, seniors will be given priority for the flat type.
If you don’t want the long waiting time and you have a bigger budget, you may want to consider getting from the resale market instead. Plus, you have more options as you can buy a bigger flat.
Will you apply for the August 2023 Tengah HDB BTO? Let us know in the comments section below.
If you found this article helpful, check out 99.co’s overview of the August 2023 BTO projects and our in-depth reviews:
- Kallang/ Whampoa August 2023 BTO
- Queenstown August 2023 BTO
- Choa Chu Kang August 2023 BTO
The post August 2023 HDB BTO review: Tengah appeared first on .
