Note: The August 2022 BTO applications are now closed. For more information on the upcoming November 2022 BTO launches, read our in-depth review. Alternatively, find out more about the upcoming HDB SBF (Sale of Balance Flats) exercise in November.
The May 2022 BTO exercise has concluded and the August 2022 HDB BTO launch is here. Three of the six estates in the current BTO launch are mature estates, including Bukit Merah, Tampines and Ang Mo Kio.
As predicted, the Bukit Merah flats fall under the Prime Location Public Housing (PLH) model. Hence, if you’re seeking a well-located home that is unrestricted by PLH rules, you will want to consider these August 2022 Ang Mo Kio BTO flats.
Named Central Weave @ AMK, the upcoming BTO 2022 Ang Mo Kio launch site is located less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Raffles Place in the CBD without having to change lines. The good connectivity, as well as the location in a popular mature estate, is likely to make these flats highly sought-after.
Plus, if you haven’t already heard, Ang Mo Kio residents who have been affected by the Selective En Bloc Redevelopment Scheme (SERS) will now have the option to apply for a BTO flat – including Aug 2022’s Central Weave @ AMK project. In fact, 10% of these BTO flats will be offered to eligible households under the Resettlement, Relocation, Sers and Tenants’ Priority Scheme.
Besides the Ang Mo Kio BTO project, residents can also apply for the Keat Hong Grange BTO project in Choa Chu Kang, Woodlands South Plains BTO project in Woodlands, and Sun Plaza Spring BTO project in Tampines.
So let’s see what the upcoming Central Weave @ AMK BTO project has to offer!
HDB BTO August 2022 Ang Mo Kio BTO Map (Central Weave @ AMK)
Want to live in Ang Mo Kio without having to wait for an HDB BTO flat to be built? Check out the latest Ang Mo Kio resale flat listings on PropertyGuru.
Central Weave @ Ang Mo Kio Ang Mo Kio HDB BTO Location (HDB BTO August 2022 Launch)
|HDB BTO Aug 2022 Ang Mo Kio launch||Central Weave @ AMK|
|Address||Bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3|
|Nearest MRT||Ang Mo Kio (North South Line; upcoming Cross Island Line)|
|Nearest bus interchange||Ang Mo Kio Bus Interchange|
|Nearest schools||Mayflower Primary School, Anderson Secondary School, Jing Shan Primary School, Anderson Serangoon Junior College, Yio Chu Kang Secondary School, Nanyang Polytechnic, Presbyterian High School, ITE College Central|
|Other nearby amenities||Ang Mo Kio Public Library, Cheng San Community Club, Yio Chu Kang Squash & Tennis Centre, Yio Chu Kang Swimming Complex, Yio Chu Kang Stadium|
The HDB BTO Aug 2022 Central Weave @ AMK site will be bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3.
Ang Mo Kio is a popular mature estate that is considered to be located on the city fringe. Residents will be less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Orchard and Raffles Place MRT stations in 6 stops and 10 stops, respectively.
The upcoming BTO 2022 Central Weave @ AMK flats enjoy quite a good location in the neighbourhood, with amenities such as Ang Mo Kio Public Library and two parks within easy walking distance.
Families with kids can also enjoy a wide range of schools in the area, from primary schools to junior college or poly. Some notable schools include Anderson Secondary School, Anderson Serangoon Junior College and Nanyang Polytechnic.
Central Weave @ AMK Ang Mo Kio HDB BTO Price (HDB BTO August 2022 Launch)
The Central Weave @ AMK BTO Aug 2022 project is priced at a premium since Ang Mo Kio is in a central-location mature estate.
The Ang Mo Kio August 2022 BTO launch consists of 896 2-room Flexi, 4-room, 5-room and 3Gen flats. The availability of larger flat types makes it suitable for bigger or multi-generational households. The availability of schools in the area also makes it suitable for families with multiple children.
This is not a particularly big launch, so these upcoming BTO flats in Ang Mo Kio are likely to be heavily oversubscribed. And unlike the Aug 2022 Bukit Merah HDB BTO launch, the Ang Mo Kio Aug 2022 HDB BTO launch does not fall under the PLH model, which likely means even higher demand.
HDB’s resale statistics for Q2 2022 indicate that the median resale price for 4-room and 5-room flats in Ang Mo Kio was $515,000 and $785,000 respectively. These are actually quite close to the current Ang Mo Kio BTO prices, likely due to many of the Ang Mo Kio resale flats being older flats.
Newer resale flats in the area are considered expensive. Hence, future residents of this batch of August 2022 BTO flats can expect attractive capital gains should they choose to sell their property after the Minimum Occupation Period (MOP) is over.
Budgeting for Your Ang Mo Kio August 2022 BTO Home Loan
The HDB BTO Aug 2022 Ang Mo Kio launch prices are not cheap, so you should plan your finances and budget for your new home prior to balloting.
In the above table, we have used the starting prices indicated by HDB, but your actual price will depend on the indicative pricing as well as the unit you select. All prices here do not take into account CPF housing grants.
For the purposes of this illustration, we’ve assumed an interest rate of 2.6% and an LTV of 85% for the HDB loan. For the bank loan, we’ve used 75% LTV and an interest rate of 2.3%, which is the lowest applicable rate on PropertyGuru Finance at the time of writing.
All of these illustrations are based on a loan tenure of 25 years. If you can afford to pay more per month, you can opt for a shorter loan tenure to pay off your loan faster.
If you need a more precise estimate, use our affordability calculator to work out your budget. If you require personalised assistance with financing and home loans, feel free to contact one of our PropertyGuru Finance mortgage experts.
Estimate what you can comfortably spend on your new home
Central Weave @ AMK Ang Mo Kio BTO Amenities (HDB BTO August 2022 Launch)
Attractive City Fringe Location
Although not as close to the city as some other mature neighbourhoods, the HDB BTO Aug 2022 Central Weave @ AMK site is still considered an attractive location that offers easy access to the city centre, whether via public transport or car.
Via the CTE, the drive to Raffles Place takes about 25 minutes, while the drive to Orchard Road can be completed in under 22 minutes.
Good Connectivity via Ang Mo Kio MRT Station and Bus Interchange
Another attractive feature of the upcoming BTO 2022 Central Weave @ AMK launch is its proximity to the nearest MRT station, Ang Mo Kio. Via the North South Line, the journey to Orchard Road can be completed in 16 minutes, while the ride to Raffles Place MRT station takes 25 minutes.
Good Selection of Schools in the Area
The availability of a wide variety of schools in the area can make the Central Weave @ AMK Aug 2022 HDB BTO launch an attractive option for families with kids. Primary schools, secondary schools, a JC, a polytechnic and an ITE college are located an easy commute from the HDB BTO 2022 site.
Conclusion: Is Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO) Worth Balloting for?
If you are able to afford the high prices, the Ang Mo Kio August 2022 HDB BTO launch offers the chance to live in an attractive mature estate that enjoys good connectivity to the city centre.
Pros of Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO)
- Attractive mature estate location
- Walking distance to Ang Mo Kio MRT station on North South Line
- Bigger flat types are available
- Lots of schools in the area
- Near two parks
Cons of Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO)
- 3-room flats not available
Not sure if you should ballot for the HDB BTO Aug 2022 Central Weave @ AMK flats? Read about the other BTO 2022 launches in August 2022 below:
For more property news, content and resources, check out PropertyGuru’s guides section.
Looking for a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.
Need help financing your latest property purchase? Let the mortgage experts at PropertyGuru Finance help you find the best deals.
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.