The May 2022 HDB BTO launch in Jurong West will see about 1,010 2-room flexi, 3-room, 4-room and 5-room flats.
Located in a non-mature estate where great transformations are planned, the upcoming Jurong West BTO launch may just be one of the most promising HDB BTO launches of the year so far from an investor’s point of view. It is situated at a scenic site overlooking Jurong Lake Gardens and could find itself in the heart of Singapore’s second CBD.
The site also offers an excellent quality of living thanks to its proximity to nature, and the variety of sporting and recreational amenities available at Jurong Lake Gardens and the nearby park connector.
Upcoming BTO: HDB BTO May 2022 Jurong West BTO Map
Location of May 2022 Jurong West BTO flats, bounded by Yuan Ching Road and Kang Ching Road. Source: HDB
Want to live in Jurong West without waiting for a BTO flat to be built? Check out the latest listings for Jurong West resale flats on PropertyGuru.
Upcoming BTO: Jurong West BTO Location (HDB BTO May 2022 launch)
|
HDB BTO May 2022 Jurong West |
|
|
Address |
Bounded by Yuan Ching Road and Kang Ching Road |
|
Nearest MRT |
Lakeside MRT |
|
Nearest bus interchange |
Boon Lay Bus Interchange |
|
Nearest schools |
Yuan Ching Secondary School, Lakeside Primary School, Boon Lay Garden Primary School, Rulang Primary School, Shuqun Primary School, Yuhua Secondary School |
|
Other nearby amenities |
Jurong Lake Gardens, Taman Jurong Community Club, Taman Jurong Market & Food Centre |
The upcoming Jurong West BTO site is strategically located right beside Jurong Lake Gardens, bounded by Yuan Ching Road and Kang Ching Road, in a scenic area that is currently under redevelopment.
Over the next decade, the Government intends to transform and expand the Jurong Lake District, turning it into Singapore’s second CBD and raising the supply of jobs and housing in the area. The opening of the Jurong Region Line on the MRT network, which begins in 2027, will give connectivity to the area a boost. This could bode well for those who are concerned about their flats’ investment potential.
The site’s location, about 8 minutes’ walk from Lakeside MRT, will enable residents to travel to Raffles Place MRT in the CBD without having to change lines, on a ride that takes about 32 minutes. Residents will also be just two MRT stops away from Jurong East, a major shopping and leisure destination with popular shopping malls like Jem, Westgate and Jcube.
The Jurong West May 2022 launch comprises 1,010 2-room flexi, 3-room, 4-room and 5-room flats, making it suitable for a wide range of household sizes.
Upcoming BTO: Jurong West BTO Price (HDB BTO May 2022 Launch)
|
Unit type |
Jurong West BTO Price (HDB BTO May 2022) |
Previous Jurong West BTO Price (HDB BTO Nov 2021) |
Previous Jurong West BTO Price (HDB BTO Feb 2019) |
Median resale flat prices in the area |
|
2-room flexi |
– |
– |
$95,000 to $160,000 |
– |
|
3-room |
– |
$173,000 to $229,000 |
$185,000 to $243,000 |
$333,900 |
|
4-room |
– |
$264,000 to $321,000 |
$257,000 to $364,000 |
$457,000 |
|
5-room |
– |
– |
$338,000 to $457,000 |
$530,000 |
Considering the investment potential in light of the redevelopment of the Jurong Lake District, flats in the Jurong West area are likely to be reasonably priced.
Based on HDB’s resale statistics, the median price of Jurong West resale flats in Q4 2021 was $333,900, $457,000 and $530,000 for 3-room, 4-room and 5-room flats respectively. This indicates excellent resale potential after the 5-year Minimum Occupation Period (MOP) expires.
Budgeting for Your Jurong West May 2022 BTO Home Loan
Before you ballot for a flat, it’s a good idea to understand how much you can afford to set aside to pay for your new home.
|
HDB BTO May 2022 Jurong West unit type |
Price |
If you take an HDB loan (at 2.6% p.a., 85% LTV) |
If you take a bank loan (at 1.6% p.a., 75% LTV) |
|
2-room flexi |
$150,000 |
$22,500 downpayment; estimated $578 monthly mortgage repayments |
$37,500 downpayment; estimated $455 monthly mortgage repayments |
|
3-room |
$200,000 |
$30,000 downpayment; estimated $771 monthly mortgage repayments |
$50,000 downpayment; estimated $607 monthly mortgage repayments |
|
4-room |
$300,000 |
$45,000 downpayment; estimated $1,157 monthly mortgage repayments |
$75,000 downpayment; estimated $910 monthly mortgage repayments |
|
5-room |
$400,000 |
$60,000 downpayment; estimated $1,542 monthly mortgage repayments |
$100,000 downpayment; estimated $1,214 monthly mortgage repayments |
We have used estimates based on past BTO prices, but depending on your chosen unit, the exact price you pay is likely to be different. All prices used in the above example exclude CPF housing grants.
For HDB loans, we’ve used an interest rate of 2.6% and a LTV of 85%, adjusted based on the December 2021 property cooling measures. For bank loans, we’ve used an interest rate of 1.6% and an LTV of 75%.
All of the above calculations have been done on the basis of a 25-year loan. If you can afford to pay higher monthly installments, you can opt for a shorter loan tenure in order to pay off your loan faster.
For a clearer idea of how much you need to set aside, head to our affordability calculator. You can also speak with one of our Finance Home Loan Advisors for personalised advice about home loans and financing.
Upcoming BTO: Jurong West BTO Amenities (HDB BTO May 2022 Launch)
Located in Singapore’s Future Second CBD
The Jurong Lake District is undergoing redevelopment in line with the Government’s plans to turn it into Singapore’s second CBD, with new offices and residences in the works. The Jurong Region Line, which is slated to open in 2027, will also boost connectivity to the area.
This is good news for buyers who wish to be able to work near their place of residence, as well as those who wish to purchase a flat with good investment potential.
Scenic Lakeside Location Near Jurong Lake Gardens and Jurong Park Connector
The upcoming Jurong West BTO project is located right next door to Jurong Lake Gardens and the Jurong Park Connector, making it ideal for nature lovers, sports lovers, dog owners, as well as families with kids. Jurong Lake Gardens is home to many walking trails, an Active SG gym, water sports amenities and a dog run.
Thanks to the location of the BTO site, residents in certain units might also enjoy breathtaking views over the lake and gardens.
A Short Ride from Jurong East Shopping Malls
The Jurong West BTO project is located just two MRT stops from Jurong East, giving residents easy access to a myriad of popular shopping malls including Westgate, Jem, Jcube and IMM.
Residents are also located about half an hour’s walk from Jurong Point, the biggest shopping mall in the Boon Lay area.
Direct Connection to the CBD via Lakeside MRT
The BTO project is about 8 minutes’ walk from Lakeside MRT, which connects directly to Raffles Place MRT in about 32 minutes without the need to change lines, making it convenient for those who work in the CBD.
Conclusion: Is the HDB May 2022 Jurong West BTO Worth Balloting For?
The Jurong West BTO project is a smart choice for investment-conscious buyers who wish to benefit from the development of the Jurong Lake District.
Pros of May 2022 Jurong West HDB BTO
- Scenic location near Jurong Lake Garden
- Likely to be reasonably priced
- Good investment potential due to development of Jurong Lake District
- Walking distance to Lakeside MRT
- Two MRT stops from Jurong East shopping precinct
- Near park connector and water sports facilities
Cons of May 2022 Jurong West HDB BTO
- Construction from redevelopment in the area
- Located quite far west; long travelling time to other parts of Singapore
- Likely to be priced higher than other non-mature BTO launches
The Jurong West launch is likely to be a good financial decision for investment-minded buyers, and also has the advantage of offering a full range of flat types from 2-room flexi to 5-room. What is more, the development of the Jurong Lake District and the opening of the Jurong Region Line are likely to boost property prices in the area in the future.
Although not as cheap as launches in newer or under-construction neighbourhoods like Tengah or Punggol, this BTO launch will still be relatively affordable, since Jurong West is classified as a non-mature estate. For those who can afford it, it could be a smart buy that will pay off in future.
Not sure if you should ballot for the HDB BTO May 2022 Jurong West flats? Read about the other upcoming BTO 2022 launches in May below:
- May 2022 BTO Launch Overview
More FAQs about BTO Flats in Singapore
When Can I Apply for the May 2022 BTO?
The deadline for applications is one week after the announcement of the sales launch. Launch dates are announced via the HDB flat portal.
What BTO Flats Can Singles Buy?
Singles can only buy 2-room flexi BTO flats in non-mature estates.
Can I Ballot for An HDB Flat if I Already Own A Property?
If your existing property is an HDB flat or Executive Condo (EC), you must have completed the MOP before balloting. If it is an EC or private property, you must dispose of it at least 30 months before the date of your new flat application.
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This article was written by Joanne Poh. A former real estate lawyer, she writes about property and personal finance and spends her free time compulsively learning languages and roller skating in carparks.
