Jurong West has received quite a bit of attention in recent years due to the rejuvenation of the Jurong Lake District and its proximity to Jurong East, which the government is working to turn into the second CBD.
As such, hopeful BTO applicants might be excited about the upcoming Jurong West BTO launch, which will comprise about 270 3-room and 4-room flats.
However, with such a limited supply of flats on offer and no 2-room Flexi or 5-room flats, the Jurong West BTO launch is suited to smaller households or couples with just one or two children.
Want to buy a home in Jurong West but don’t want to have to wait for an HDB BTO flat? Browse the latest listings for Jurong West resale flats on PropertyGuru.
Jurong West BTO Location (HDB BTO February 2023 Launch)
|HDB BTO Queenstown February 2023||TBA|
|Address||Jurong West Street 93|
|Nearest bus interchange||Boon Lay|
|Nearest schools||Pioneer Primary School, Juying Secondary School, Frontier Primary School, Jurong West Primary School, Jurong West Secondary School, Xingnan Primary School, Boon Lay Secondary School, River Valley High School, Nanyang Technological University|
|Other nearby amenities||Jurong West Sport Centre, NTUC Health Nursing Home, Jurong West Hawker Centre, Pioneer Mall, Nanyang Community Club, Jurong Point, SAFRA Jurong|
The upcoming Jurong West Feb 2023 BTO site is located on Jurong West Street 93, eight minutes’ walking distance from Pioneer MRT station, which connects directly to the CBD via the East-West Line. This direct line mitigates somewhat the BTO site’s distance from the city centre.
Those who are hoping for a choice spot close to Jurong Lake in the Jurong Lake Gardens might be disappointed, as the BTO site is on the western end of Jurong West, just north of an industrial estate.
The Jurong West Feb 2023 BTO flats are located about half an hour’s walk from Nanyang Technological University (NTU), which makes them ideal for those who study and work there. It is also the closest residential area to Tuas and Keppel Shipyard, and thus a convenient choice for those who work in the area.
For those who don’t mind the upcoming Jurong West BTO site’s far-flung location, there is a decent selection of schools in the vicinity, including River Valley High School.
Jurong West might be classified as a non-mature estate, but it has a good selection of established amenities. The area’s biggest mall, Jurong Point, is located about 22 minutes’ walk away (or just one MRT stop away) and future residents are also right next door to amenities like the Jurong West Sports Centre and Jurong West Park Connector.
Jurong West BTO Price (HDB BTO February 2023 Launch)
The Jurong West February 2023 BTO launch will be an extremely small one, with only about 270 units up for grabs. Only 3-room and 4-room flats are available, so larger households and singles might have to consider the Tengah launch instead.
According to the HDB’s resale statistics, the median resale price of 3-room flats in Jurong West in Q3 2022 was $339,000, while that of 4-room flats was $475,000.
These resale prices are significantly higher than the price of recent BTO flats, indicating that flats in the area can offer good investment potential, especially if they are sold soon after they have fulfilled the Minimum Occupation Period (MOP). The upcoming Jurong Lake District’s developments, coupled with the upcoming Tengah neighbourhood, may also bolster prices in the future.
Budgeting for Your Jurong West February 2023 BTO Home Loan
The Jurong West Feb 2023 BTO flats are likely to be affordably priced due to their distance from the city centre and the non-mature status of the estate. That said, it is always a good idea to plan your finances and know what you can afford.
The above starting prices are based on past BTO indicative pricing, but depending on the unit you select, you might end up paying a different price. All prices above exclude CPF housing grants.
In line with the September 2022 cooling measures and current bank interest rates, we have used an HDB loan interest rate and LTV of 2.6% and 80%, and a bank loan interest rate and LTV of 3.4% and 75%.
All of the above calculations were made on the basis of a 25-year loan. However, if you have the means to take on higher monthly instalments, you can potentially opt for a shorter loan tenure.
For more precise figures tailored to your situation, play around with our affordability calculator, where you can work out the monthly instalments for your own home loan. You can also speak to PropertyGuru Finance mortgage experts for free, personalised advice.
Upcoming Jurong West BTO Amenities (HDB BTO February 2023 Launch)
Walking Distance to Pioneer MRT Station
The upcoming Jurong West Feb 2023 BTO site is located about an eight minutes’ walk from Pioneer MRT station, which connects directly to Raffles Place in the CBD via the East-West Line.
Close to a Wide Variety of Shopping and Sporting Amenities
The BTO site is located a stone’s throw from amenities such as the Jurong West Sport Centre and park connector. It is also located a quick bus ride from the area’s biggest mall, Jurong Point, and SAFRA Jurong.
Wide Range of Schools Nearby, Close to NTU
There are many primary and secondary schools in the area, including River Valley High School. Nanyang Technological University is reachable on foot in about half an hour, or about five bus stops away.
Conclusion: Is the February 2023 Jurong West BTO Worth Balloting For?
The Jurong West Feb 2023 BTO flats have the advantage of being affordably priced and located in a relatively developed non-mature estate with long-standing amenities. This upcoming BTO project is thus ideal for those who are on a budget but are still looking for a neighbourhood with a good range of amenities.
Pros of the Feb 2023 BTO Jurong West Launch
- Affordable price
- Walking distance to an MRT station
- Good selection of sporting and shopping amenities
- Many schools nearby
Cons of the Feb 2023 BTO Jurong West Launch
- A limited supply of flats
- 2-room Flexi and 5-room flats not available
- Far from the city centre
Applying for February 2023 HDB BTO Flats
Not sure if you should ballot for the HDB BTO February 2023 Jurong West flats? Read about the other BTO 2023 launches in February below:
- HDB BTO Feb 2023 Launch Review: Jurong West, Kallang/Whampoa, Queenstown, Tengah
- HDB BTO February 2023 Kallang/Whampoa Review: Two Sites in Attractive Central or City Fringe Locations
- HDB BTO February 2023 Queenstown Review: City Fringe Location With Many Choice Schools Nearby
- HDB BTO February 2023 Tengah Review: Affordable Flats in New Housing Estate
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