Note: The HDB BTO December 2023 projects have been launched. Applications close on 11 December 2023, 11.59pm.
With an excellent location near Redhill MRT station about a 10-minute bus ride away and unblocked waterfront views on one side (i.e. Alexandra Canal), the Alexandra peaks Bukit Merah HDB BTO Dec 2023 project is likely to see high demand.
With about 900 2-room Flexi, 3-room, and 4-room BTO flats up for grabs, the Alexandra Peaks Bukit Merah HDB BTO Dec 2023 project is likely to receive attention from smaller households with just one or two children.
However, it should be noted that it falls under the Prime Location Public Housing (PLH) model, which will impose a Minimum Occupation Period (MOP) of 10 years instead of five.
How Do I Start Applying for BTO? (Video)
If you’ve decided on applying for the HDB BTO Dec 2023 launch, you should look into getting your HDB Flat Eligibility (HFE) letter soon. The HDB HFE letter, which was introduced in May 2023, is a one-step process to assess your HDB flat, CPF Housing Grant, and HDB loan eligibility. How to get started? Simply log on to the HDB Flat Portal via Singpass and key in your eligibility criteria information.
Do note that you should apply for your HDB HFE letter ahead of upcoming BTO launches, as HDB has said it will take up to 21 working days to process such requests.
Alexandra Peaks HDB BTO December 2023 Bukit Merah BTO Map
Alexandra Peaks Bukit Merah HDB BTO Location (HDB BTO December 2023 Launch)
| HDB BTO December 2023 Bukit Merah launch | Alexandra Peaks |
| Address | Bounded by Alexandra Road and Prince Charles Crescent |
| Nearest MRT | Redhill MRT station |
| Nearest bus interchange | Bukit Merah |
| Nearest schools | Alexandra Primary School, Gan Eng Seng Secondary School, Crescent Girls’ School, Gan Eng Seng Primary School, Bukit Merah Secondary School, Zhangde Primary School, Radin Mas Primary School, CHIJ St Theresa’s Convent, and CHIJ (Kellock) |
| Other nearby amenities | Alexandra Canal Linear Park, Kim Seng Community Centre, Tiong Bahru Plaza, Delta Sport Centre, Tiong Bahru Park, Rumah Tinggi Eco-Park, Tiong Bahru Market & Food Centre, and Tiong Bahru Community Centre |
The Alexandra Peaks Bukit Merah December 2023 BTO flats will be bounded by Alexandra Road, Prince Charles Crescent, and the Alexandra Canal, enabling some residents to enjoy unblocked waterfront views.
The Alexandra Peaks Bukit Merah HDB BTO Dec 2023 project’s location on the city fringe makes commuting to the Central Business District (CBD) quick and easy. Redhill MRT station is located about a 14-minute walk away and Tiong Bahru MRT station is about a 15-minute walk away. These stations are just three or four stops away from Raffles Place MRT station in the CBD, enabling residents to arrive at work in minutes.
The Alexandra peaks Bukit Merah HDB BTO Dec 2023 flats have the advantage of being located near the popular Tiong Bahru area, which is packed with popular local food joints, chic eateries, and bars, which makes homes in the neighbourhood highly sought after by young, affluent residents. Some popular destinations include Tiong Bahru Food Centre, as well as the many bars and cafes on Yong Siak Street.
Redhill is a mature estate with established amenities such as Delta Sports Complex, which is a few minutes away from the Alexandra Peaks Bukit Merah HDB BTO Dec 2023 site and is equipped with a full suite of sporting facilities including a gym, badminton courts, and swimming pools.
The Alexandra Peaks Bukit Merah December 2023 BTO site also enjoys proximity to schools, with two schools, Alexandra Primary School and Gan Eng Seng School located less than a 5-minute walk away, and Crescent Girls’ School about a 12-minute walk away.
The main drawback, other than the high price, is that the flats fall under the PLH model, which comes with additional resale restrictions compared to other BTO flats.
Want to live in Bukit Merah without having to wait for an Alexandra Peaks Bukit Merah HDB BTO 2023 flat? Check out the latest Bukit Merah HDB resale flat listings on PropertyGuru.
Alexandra Peaks Bukit Merah HDB BTO Price (HDB BTO December 2023 Launch)
| Unit type | Bukit Merah BTO prices (HDB BTO Dec 2023) | Bukit Merah BTO prices (HDB BTO Aug 2022) | Median HDB resale flat prices in the area (based on Q3 2023 HDB statistics) |
| 2-room Flexi | $218,000 to $343,000 | – | – |
| 3-room | $380,000 to $512,000 | $370,000 to $515,000 | $439,000 |
| 4-room | $533,000 to $723,000 | $531,000 to $730,000 | $860,000 |
As past BTO projects launched under the PLH model have shown, the Alexandra Parks Bukit Merah December 2023 BTO flats are still likely to enjoy high demand from applicants.
Consisting of 904 2-room Flexi, 3-room, and 4-room BTO flats, the Alexandra Peaks Bukit Merah December 2023 BTO site is likely to attract interest from smaller households and families with one or two children due to the absence of 5-room BTO flats.
HDB’s resale statistics for Q3 2023 show that the median HDB resale price for 3-room and 4-room flats was $439,000 and $860,000, respectively. These prices might look low in comparison to BTO flat prices, but that is because recent HDB resale transactions featured large numbers of older flats with shorter remaining leases. Newer HDB resale flats that have just fulfilled their MOP are likely to enjoy healthier capital gains, although it remains to be seen how the PLH model will affect resale prices.
Budgeting for Your Alexandra Peaks Bukit Merah December 2023 BTO Home Loan
| Alexandra Peaks HDB BTO December 2023 Bukit Merah flat type | Starting prices | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.6% p.a., 75% LTV) |
| 2-room Flexi | $218,000 | $43,600 downpayment, estimated $791 monthly mortgage repayments | $54,500 downpayment, estimated $827 monthly mortgage repayments |
| 3-room | $380,000 | $76,000 downpayment, estimated $1,379 monthly mortgage repayments | $95,000 downpayment, estimated $1,442 monthly mortgage repayments |
| 4-room | $533,000 | $106,600 downpayment, estimated $1,934 monthly mortgage repayments | $133,250 downpayment, estimated $2,023 monthly mortgage repayments |
Make sure you do financial planning to ensure you can afford the downpayment, loan repayments and other associated costs of the Alexandra Peaks Bukit Merah HDB BTO Dec 2023 flats. If you need help with deciding between an HDB loan and a bank loan, reach out to our PropertyGuru Finance Mortgage Experts.
The above prices do not take into account CPF Housing Grants. However, do note that the actual price will depend on the unit and the indicative pricing of the Alexandra Peaks Bukit Merah HDB BTO Dec 2023 project.
Based on the September 2022 property cooling measures, we have used for the above examples an interest rate of 2.6% and an LTV of 80% for HDB loans and an interest rate of 3.6% and an LTV of 75% for bank loans.
The above figures apply to a 25-year loan. If you can afford more than the above repayments, you might be able to apply for a shorter loan that can be repaid more quickly.
Alexandra Peaks Bukit Merah BTO Amenities (HDB BTO December 2023 Launch)
Central city fringe location
The Alexandra Peaks Bukit Merah BTO site is bounded by Alexandra Road and Prince Charles Crescent. It is also just three MRT stops away from Raffles Place MRT station in the CBD. Perched on the city fringe, residents will be able to travel to the city centre in minutes.
Within Walking Distance of Two MRT Stations
Redhill and Tiong Bahru MRT stations are each about a 14-minute walk away from the Alexandra Peaks Bukit Merah HDB BTO Dec 2023 project.
Many Schools Within 1km Radius
Alexandra Primary School and Gan Eng Seng School are located within a five-minute walk away. Crescent Girls’ School is located about a 12-minute walk away. In addition, there are numerous other schools within walking distance of the site.
A Wealth of Food and Lifestyle Amenities
The trendy Tiong Bahru area is located within walking distance and offers a mixture of well-loved hawker stalls and chic cafes and restaurants. Closer to home, the Redhill neighbourhood is a mature estate with well-established amenities like Delta Sports Centre and the scenic Alexandra Canal Linear Park.
Conclusion: Is the Alexandra Peaks HDB December 2023 Bukit Merah BTO Worth Balloting for?
The Alexandra Peaks Bukit Merah HDB BTO Dec 2023 project is for those who are willing to pay a premium for an excellent, central city fringe location. However, applicants will need to weigh the pros and cons of purchasing a potential PLH flat.
Pros of the Alexandra Peaks Bukit Merah December 2023 HDB BTO
- Central location on the city fringe
- Within walking distance of two MRT stations (Redhill and Tiong Bahru MRT stations)
- Lots of food and lifestyle options in the area
- Good selection of sporting and outdoor amenities nearby
- Many schools are within easy walking distance
- Some units enjoy unblocked waterfront views
Cons of the Alexandra Peaks Bukit Merah December 2023 HDB BTO
- 5-room BTO flats not available
- Falls under the PLH model
Applying for the December 2023 BTO Launch
As mentioned at the start of this article, you’ll need to submit your HDB HFE letter alongside your December 2023 BTO application. On top of that, HDB recently implemented some BTO application processes that you should take note of.
One key update, which came into effect in October 2023, is that first-timer BTO applicants who reject their BTO ballots will be ‘penalised’ by being considered second-timers for the next year. If they subsequently reject another BTO ballot, they will be banned from applying at any BTO launch for the next year.
We’re sure you won’t want to lose your first-timer status if you end up regretting your BTO application. This makes it even more important that you check out the other December 2023 BTO projects to make the best decision for you and your family:
- HDB BTO Dec 2023 Launch: Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown, Woodlands
- HDB BTO Dec 2023 Bedok Review: 4 Bus Stops to Bedok North MRT Station
- HDB BTO 2023 Bishan Review: 7-minute Walk to Upper Thomson MRT Station
- HDB BTO December 2023 Bukit Panjang Review: Peaceful Green Haven With Parks and Schools
- HDB BTO December 2023 Jurong West Review: Access to Greenery, Tengah’s New Amenities
- HDB BTO Dec 2023 Queenstown Review: Right Beside Dover MRT Station
- HDB BTO Dec 2023 Woodlands Review: Two Sites Next to Woodlands MRT Station
Alternatively, you can check out Sale of Balance Flats (SBF) units, which include ‘leftover’ flats from previous BTO launches and other homes bought back by HDB.
For more property news, content and resources, check out PropertyGuru’s guides section.
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