There have been many launches in Queenstown in recent BTO exercises, and the Queenstown February 2024 BTO launch continues this trend with a new Queenstown site in the historic Tanglin Halt area, which is currently undergoing redevelopment.
Queenstown is a perennial favourite due to its location on the city fringe, offering easy access to the CBD via train or Commonwealth Avenue. What’s more, the February 2024 Queenstown BTO site is highly attractive in terms of connectivity, being just a five-minute walk from Commonwealth MRT station.
A word of caution, however: the Queenstown HDB BTO Feb 2024 flats will likely fall under the Prime Location Public Housing (PLH) model, which will impose stricter rules that could affect the flats’ investment potential.
With only about 250 2-room Flexi and 4-room flats up for grabs, this will be a highly exclusive that may see many applicants vying for a small number of flats.
Apply for a BTO Flat in 2024 (Video)
HDB BTO February 2024 Queenstown BTO Map
Queenstown HDB BTO Location (HDB BTO February 2024 Launch)
| HDB BTO Feb 2024 Queenstown project name | TBA |
| Address | Bounded by Tanglin Halt Road and Commonwealth Drive |
| Nearest MRT station | Commonwealth MRT station |
| Nearest bus interchange | – |
| Nearest schools | New Town Primary School, Queensway Secondary School, Tanglin Trust School, and ACS International |
| Other nearby amenities | Rideout Tea Garden, Queenstown Community Centre, Queenstown Swimming Complex & Stadium, Queenstown Public Library, Holland Village, Buona Vista Community Club, and Holland Drive Market and Food Centre |
The Queenstown February 2024 BTO site is bounded by Tanglin Halt Road and Commonwealth Drive on the city fringe.
The Tanglin Halt area is currently undergoing redevelopment. In the works is a new housing estate with amenities such as a hawker centre, park, and polyclinic integrated into a single project. Up to 5,500 BTO flats are expected to be built. Improved amenities for pedestrians and cyclists will also be developed between Commonwealth MRT and the Rail Corridor.
The Queenstown HDB BTO Feb 2024 flats enjoy great connectivity, with Commonwealth MRT station being just a five-minute walk away. Those who drive can get to the CBD easily via Commonwealth Avenue.
While the area immediately surrounding the flats is undergoing redevelopment, the Queenstown February 2024 BTO site is located relatively near many well-loved amenities, including the scenic Rideout Tea Garden, Queenstown Swimming Complex and Stadium, and Queenstown Public Library, as well as popular lifestyle hub Holland Village.
Families with school-going kids will also have a good selection of schools located within walking distance, such as New Town Primary School just across the road. The Queenstown HDB BTO February 2024 flats are also a few kilometres away from choice schools in Buona Vista such as Anglo-Chinese School (Independent), Fairfield Methodist School, and Anglo-Chinese Junior College.
Want to live in Queenstown without having to wait for an HDB BTO flat? Check out the latest Queenstown resale flat listings on PropertyGuru.
Queenstown HDB BTO Price (HDB BTO February 2024 Launch)
| Unit type | Queenstown BTO Price (HDB BTO December 2023) | Previous Queenstown BTO Price (HDB BTO October 2023) | Previous Queenstown BTO Price (HDB BTO February 2023) | Median resale flat prices in the area (based on Q3 2203 data) |
| 2-room Flexi | – | – | – | – |
| 4-room | $598,000 to $763,000 | $537,000 to $702,000 | $541,000 to $711,000 | $928,000 |
Consisting of only about 250 2-room Flexi and 4-room flats, the Queenstown February 2024 BTO launch will be a highly exclusive one. With so few units up for grabs in such a popular city fringe location, expect the flats to see very high demand despite likely falling under the PLH model.
As 3-room and 5-room BTO flats are not available, this launch is likely to attract medium-sized households.
HDB’s resale statistics for Q3 2024 show that the median resale price for 4-room flats in Queenstown was $928,000, close to a million dollars. Buyers of new Queenstown HDB BTO Feb 2024 flats have a good chance of enjoying attractive capital gains if they sell their flats close to the expiry of their Minimum Occupation Period (MOP).
Budgeting for Your Queenstown February 2024 BTO Home Loan
| HDB BTO February 2024 Queenstown unit type | Price | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.4% p.a., 75% LTV) |
| 4-room | $650,000 | $130,000 downpayment, estimated $2,359 monthly mortgage repayments | $162,500 downpayment, estimated $2,414 monthly mortgage repayments |
The above estimate uses the indicative pricing of previous BTO launches in Queenstown as a guide. However, the actual price of your flat depends on the BTO Project and your unit. The above examples do not include CPF Housing Grants.
In line with the September 2022 property cooling measures, the above example uses an interest rate of 2.6% and Loan-to-Value (LTV) ratio of 80% for the HDB loan example; and an interest rate of 3.4% and an LTV of 75% for the bank loan example.
The above calculations were made based on a 25-year loan. However, you should opt for a loan tenure in line with your financial situation. If you can take on higher monthly loan repayments, you can opt for a shorter loan.
For a more accurate estimate appropriate to your situation, you can use the PropertyGuru Finance affordability calculator. You can also chat with a PropertyGuru Finance Mortgage Expert for personalised advice on home loans and financing.
Queenstown BTO Amenities (HDB BTO February 2024 Launch)
Very near an MRT station
The Queenstown Feb 2024 BTO project is located just five minutes from Commonwealth MRT station, which connects directly to Raffles Place in the CBD in just 12 minutes.
Attractive city fringe location
The Queenstown Feb 2024 BTO project enjoys an attractive city fringe location, connecting easily by road to the CBD via Commonwealth Avenue.
Good selection of recreational and dining amenities
The Queenstown Feb 2024 BTO project is located near many popular and established amenities such as Queenstown Swimming Complex and Stadium, Queenstown Public Library and dining hotspot Holland Village.
Redevelopment of Tanglin Halt area could boost investment potential
The redevelopment of Tanglin Halt into a new housing estate will bring features such as an integrated hub with amenities like a hawker centre and polyclinic under one roof. This will not only increase the attractiveness of the area but could also boost investment potential.
Conclusion: Is HDB February 2024 Queenstown BTO Worth Balloting for?
The Queenstown Feb BTO 2024 project is ideal for those who have a big budget and wish to live in a popular mature estate in an excellent city fringe location. However, buyers should ensure they are fine with the flats falling under the PLH model.
Pros of Queenstown February 2024 HDB BTO
- Very near Commonwealth MRT station
- Attractive city fringe location
- Lots of good food and amenities in the area
- Lots of good schools in the area
- Redevelopment of the surrounding area might boost investment potential
Cons of Queenstown February 2024 HDB BTO
- Pricey
- Likely to fall under the PLH model
- 3-room flats and 5-room BTO flats are not available
Applying for Queenstown February 2024 HDB BTO Flats
Those who are still undecided about the Queenstown 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
- HDB BTO February 2024 Hougang Review: Nearer to Upper Paya Lebar and Bartley Road
- HDB BTO February 2024 Woodlands Review: Short Bus Ride to Woodlands South MRT Station
- HDB BTO Feb 2024 Bedok Review: Two BTO Projects a Short Bus Ride to Multiple MRT Stations
- HDB BTO Feb 2024 Choa Chu Kang Review: Along Sungei Pang Sua, Amenities Galore
Alternatively, you can check out Sale of Balance Flats (SBF) units.
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