In February 2018, HDB’s BTO exercise saw the release of 4,300 flats in Tampines, Geylang, Woodlands and Choa Chu Kang.
The Choa Chu Kang batch announced was in the Teck Whye subzone, next to Bukit Panjang MRT station. At its announcement, the Choa Chu Kang BTO flats were expected to be extremely popular with singles and young couples due to the convenience of the location and the proximity to the MRT station.
A total of 574 flats for this subzone were released with their selling price (including grants) resulting in some of the most affordable homes thus far:
As of November 2018, the tables above and below show the balance of sales flat from the February exercise. Due to demand and limited supply, prices have shot up across the board with the 2-room Flexi arrangements showing the most obvious hikes.
Private launches however are seemingly slow to be developed in the non-mature town. This may actually be a good thing for the moment as it potentially ensures price parity among BTO flats without competing private homes driving up demand.
So far, the latest and most notable private launches are two executive condominiums; Sol Acres and iNz Residence.
Sol Acres, having launched in 2015, is expected to TOP in early to mid-2019, while iNz Residence launched in 2017 and is estimated to TOP in late 2019. Both are significant developments with iNz Residence being not just the latest but also the most notable in that it is a smart home EC. On the other hand, Sol Acres is often touted as Singapore’s largest EC to date.
Both ECs are being developed further from where the MRT stations are, but there are bus stops nearby so transportation is still convenient.