The Hougang HDB BTO Feb 2024 project with about 350 2-room Flexi, 3-room, and 4-room BTO flats may just be the one for you if you want to live in a non-mature estate with all the perks of an established neighbourhood.
That said, application rates for the Hougang HDB BTO Feb 2024 project may be high given the only estimates 350 units launching here.
In addition, this project is not strictly near Hougang MRT station but nearer to Upper Paya Lebar Road and Bartley Road, sitting at the new Hougang Street 13, which is currently under construction. That’s on the fringe of mature estate territory!
The upcoming Hougang HDB BTO is also near the Tai Seng industrial area with the surrounding area still under construction. There is a proposed health and medical centre and bus depot in the works.
Hougang also has well-established facilities and amenities such as schools and a park. The nearest MRT, Bartley MRT station on the Circle Line, is about 850m away, about a 15-minute walk, which may deter some homeowners. However, there is also a comprehensive bus network in place.
What could potentially be appealing to future homeowners is that the nearby Paya Lebar Airbase will be relocated from the 2030s onwards, and the area across from Hougang Ave 3 is slated for redevelopment to be transformed into a new town and further improve connectivity across neighbourhoods.
For first-time BTO applicants who are thinking of applying for the Hougang HDB BTO Feb 2024 flats, do check out our quick video guide!
Guide to Applying for a BTO Flat (Video)
Do note that the HDB Flat Eligibility (HFE) letter has come into effect. In case you need a reminder, the HDB HFE letter is an assessment of your HDB flat, CPF Housing Grant, and HDB loan eligibility.
Just log into your account on the HDB Flat Portal via Singpass, key in your eligibility criteria details, and request your HFE letter. You will need to submit a valid HDB HFE letter alongside your BTO application.
Hougang HDB BTO February 2024 Map
BTO Hougang February 2024 Location
| Hougang HDB BTO February 2024 project name | TBA |
| Address | Along Hougang Street 13 (U/C) |
| Nearest MRT station | Bartley MRT station |
| Nearest bus interchanges | Hougang and Serangoon bus interchanges |
| Nearest amenities | Hougang N1 Centre and Paya Lebar-Kovan Community Club |
| Nearest schools | Paya Lebar Methodist Girls’ Primary and Secondary School, Yuying Secondary School, Xinghua Primary School, and Anderson Serangoon Junior College |
With only 350 flats across 2-room Flexi, 3-room and 4-room units in the new Hougang HDB BTO Feb 2024 flats coming up, there may be quite a bit of competition for ballots, especially in a mature estate like Hougang, which is one of Singapore’s oldest housing estates.
Although truth be told, this new project is nearer to Tai Seng and Bartley than in the central Hougang area near the Hougang MRT station. So surroundings-wise, there’s quite a healthy balanced mix of amenities.
You will find amenities such as a Chinese temple, nursing home, petrol station and a park in the immediate vicinity, as well as your neighbourhood ‘kopitiams’. In the works are a new medical centre and the Kim Chuan bus depot, expected to be completed around 2024, which could change the dynamic of the area.
Families with young and older children will be glad to know there are a few schools for different age groups to choose from. They include Paya Lebar Methodist Girls’ Primary and Secondary School, Yuying Secondary School, Xinghua Primary School, and Anderson Serangoon Junior College.
What’s worth noting is that the adjacent Paya Lebar Airbase on the opposite side of Hougang Ave 3 is slated for relocation sometime in the 2030s. Following that, the whole area, including its surrounding industrial developments, will be transformed into a new town. These so-called next-generation neighbourhoods will feature industrial areas, commercial buildings, shops, smart work centres, offices and also education all integrated. If you foresee yourself living there for the next 10+ years or so, this could be the location for you, or perhaps you see the potential value of the estate going up.
Want to stay in Hougang but don’t want to wait for the Hougang February 2024 BTO launch? Check out Hougang HDB resale flats on PropertyGuru.
Hougang BTO Price (HDB BTO February 2024 Launch)
| Unit type | Hougang BTO Price (HDB BTO Feb 2024) | Previous Hougang BTO Price (HDB BTO Nov 2021) | Previous Hougang BTO Price (HDB BTO Aug 2021) | Median resale flat prices in the area – Hougang (based on HDB Q3 2023 statistics) | Median resale flat prices in the area – Serangoon (based on HDB Q3 2023 statistics) |
| 2-room Flexi | From $160,000 (estimated) | N/A | From $108,000 to $156,000 | $350,000 | $285,000 |
| 3-room | From $280,000 (estimated) | N/A | From $199,000 to $340,000 | $390,000 | $420,000 |
| 4-room | From $400,000 (estimated) | From $308,000 to $389,000 | From $324,000 to $507,000 | $532,500 | $575,000 |
The last rounds of the Hougang BTO flats were in August and November 2021, with the previous Nov 2021 releasing only 4- and 5-room flats. Our estimates are based on inflation and are just meant to be a guide for budgeting considerations.
The Hougang HDB BTO Feb 2024 project has 350 units across 2-room Flexi, 3-room and 4-room configurations. It is hard to estimate the application rates, but because Hougang is on the fringe of an upcoming area – sort of in the middle of Hougang (non-mature) and Serangoon (mature) – we are expecting some competition.
2-room Flexi and 3-room Hougang HDB BTO Feb 2024 flats may be more attractive to singles and couples with no kids as the prices are still reasonable, kind of like in the middle of mature and non-mature BTO flat prices.
When it comes to transport connections, although the nearest MRT station, Bartley, is 850m away, about a 15-minute walk, the availability of buses and proximity to the Kallang-Paya Lebar Expressway (KPE) may still be attractive to some. Not to mention the upcoming Kim Chuan Bus Depot, which might improve connectivity in adjacent transport nodes in the future.
Based on the median resale flat prices in the area (we’re including both Hougang and Serangoon), the HDB flats in this Hougang Feb BTO launch will likely see quite a bit of appreciation after their Minimum Occupation Period (MOP) is up.
Budgeting for Your Hougang HDB BTO February 2024 Home Loan
| HDB BTO February 2024 Hougang unit type | Price (estimated) | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.6% p.a., 75% LTV) |
| 2-room Flexi | $160,000 | $32,000 downpayment, estimated $581 monthly mortgage repayments | $40,000 downpayment, estimated $607 monthly mortgage repayments |
| 3-room | $280,000 | $56,000 downpayment, estimated $1,016 monthly mortgage repayments | $70,000 downpayment, estimated $1,063 monthly mortgage repayments |
| 4-room | $400,000 | $80,000 downpayment, estimated $1,452 monthly mortgage repayments | $100,000 downpayment, estimated $1,518 monthly mortgage repayments |
All prices stated above exclude CPF Housing Grants.
We used an interest rate of 2.6% and a Loan-to-Value (LTV) limit of 80% for the HDB loan example calculations and an interest rate of 3.6% and an LTV of 75% for the bank loan example calculations. The above example calculations go based on a 25-year loan. However, if you can make higher monthly repayments, you may want to opt for a shorter loan (and pay lesser interest!).
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.
Hougang BTO February 2024 Amenities (HDB BTO February 2024 Launch)
Established Facilities
Although it’s away from the main Hougang thoroughfare, the project is still within reach of the facilities of an established estate including a neighbourhood park, Chinese temple, Hougang N1 Centre and Paya Lebar-Kovan Community Club. It is also close to the Serangoon estate.
Planned Developments
A medical centre and bus depot are expected to be ready in the next few years, as well as the relocation of the Paya Lebar Airbase and the transformation of a new town with a new integrated way of living.
Schools for all Ages
There are primary and secondary schools, as well as a junior college, in the immediate vicinity or a bus ride away – good for small families with school-age children.
Conclusion: Is the Hougang February BTO 2024 Project Worth Balloting For?
This is a new launch in Hougang since the last one in November 2021, with just 4- and 5-room flats, so if you didn’t get your chance with that or you want something smaller for your needs, now’s your chance.
The distance of the project is still relatively near the Bartley MRT station, which is less than 1km away (850m), making walking there a decent way to clock your steps. For drivers, it’s close to the KPE as well, which can take you to town in a jiffy.
For the long-term planners who see the potential of the planned Paya Lebar Airbase relocation as a benefit to living there or increasing the value of their flat, this may be a good option.
Price-wise, the flats are priced competitively for a mature estate.
Pros of Hougang February BTO 2024
- A good number of primary and secondary schools in the area
- Planned development of neighbouring area
- Good for seniors, singles, couples, and small families
- Lower competition expected
- Less than 1km away from the nearest Bartley MRT station
- Good for seniors, singles, couples and small families
- Availability of schools from primary to tertiary level
- Close to the expressway (benefits drivers)
Cons of Hougang February BTO 2024
- Further from the town centre
- Further from the city centre by public transport
- Not as many amenities as compared to a project in a more centralised spot in an estate
- More industrial locations at the moment
BTO Application Process Updates
All BTO applicants will now need to apply for the HDB Flat Eligibility (HFE) letter before applying for their desired BTO project.
If you’re thinking of applying for an upcoming BTO flat in the February BTO 2024 launch, you should have already applied for and received your valid HFE letter; while HDB will take up to 21 working days to process your application, they may face delays during peak periods (e.g. BTO launch weeks).
Now, first-timer BTO applicants who reject their BTO ballots will also be considered second-timer applicants for one full year. During their second BTO application attempt, if they reject another BTO ballot, they won’t be able to apply for any BTO flats in the following year.
Furthermore, the Family and Parenthood Priority Scheme (FPPS) has officially replaced the Parenthood Priority Scheme (PPS). This new HDB scheme includes a new applicant priority subset, the First-timer (Parents and Married Couples) category, or FT(PMC). Up to 40% of BTO flats in each sales exercise will be reserved for eligible FT(PMC) applicants.
Lastly, if you are an FT(PMC) who was unsuccessful for two or more tries (in a non-mature estate), you will receive one more chance per subsequent BTO application. This rule was introduced to help those unsuccessful in repeated balloting attempts.
Applying for Hougang February 2024 HDB BTO Flats
Those who are still undecided about the Hougang February 2024 BTO flats, read about the other February 2024 BTO projects before applying below:
- HDB BTO Feb 2024 Launch Review: Punggol, Hougang, Woodlands, Queenstown, Bedok, Choa Chu Kang
- HDB BTO Feb 2024 Punggol Review: Along Punggol Reservoir, Short Drive to Punggol MRT and LRT Stations
Do note that from October 2023 onwards, first-timers who successfully 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, further restrictions could be imposed. They would then be unable to apply for a BTO flat at all for a year.
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