Note: The February 2023 BTO launches have been released. Applications close on 6 March 2023, 11.59pm.
To increase the efficiency of BTO flat allocation, Mr Desmond Lee, Minister of National Development, announced new BTO balloting processes on 2 March 2023.
After August 2023, first-timer BTO applicants who receive a BTO ballot but don’t choose a flat will be regarded as second-timers for a year. If they still can’t decide after their second BTO application, they won’t be able to apply for a BTO flat at all for a year.
That is definitely something to bear in mind when completing your BTO application throughout the current BTO season.
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 Jurong West Crystal BTO launch, located along Jurong West Street 93, which will comprise 271 units of 3-room and 4-room flats. It is the most affordable launch among the February 2023 BTO projects.
However, with such a limited supply of flats on offer and no 2-room Flexi or 5-room flats, the project is suited to smaller households or couples with just one or two children.
Watch our video of how to apply for an HDB BTO flat in Singapore:
Jurong West Crystal Feb 2023 Jurong West BTO Map
Want to buy a home in Jurong West but don’t want to have to wait for a BTO flat? Browse the latest Jurong West HDB resale flats on PropertyGuru.
Jurong West Crystal Jurong West BTO Location (HDB BTO Feb 2023) Launch
|Name of Jurong West BTO 2023 Feb Launch||Jurong West Crystal @ Jurong West|
|Address||Jurong West Street 93|
|Nearest MRT station||Pioneer MRT|
|Nearest bus interchange||Boon Lay|
|Nearest schools||Frontier Primary School, Pioneer Primary School, Juying Secondary 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, Yunnan Park, NTUC Health Nursing Home, Jurong West Hawker Centre, Pioneer Mall, Nanyang Community Club, Jurong Point, SAFRA Jurong|
The Jurong West Crystal Feb 2023 BTO site is located along Jurong West Street 93, eight minutes’ walking distance from Pioneer MRT station, which connects directly to the CBD via the East-West Line.
Those who are hoping for a choice spot close to Jurong Lake in the Jurong Lake Gardens might be disappointed, as the Jurong West Crystal BTO site is on the western end of Jurong West, just north of an industrial estate.
The Jurong West BTO 2023 Feb 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 Jurong West Crystal Feb 2023 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 a 22-minute 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 Feb 2023 BTO Price (HDB BTO February 2023 Launch)
The Jurong West 2023 February BTO project is an extremely small one, with only about 271 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 Q4 2022 was $358,000, while that of 4-room flats was $481,500.
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 developments, coupled with the upcoming Tengah neighbourhood, may also bolster prices in the future.
Budgeting for Your Jurong West BTO February 2023 Home Loan
The Jurong West 2023 February BTO flats are 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 before balloting for one.
In the table above, we have used the lowest starting price estimates, but your actual price will vary depending on the unit you select. All prices stated here 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.
Jurong West Crystal (Jurong West BTO February 2023) Amenities
Walking Distance to Pioneer MRT Station
The Jurong West Feb 2023 BTO site is located about an eight-minute 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
Jurong West Crystal is located a stone’s throw from amenities such as the Jurong West Sport Centre and Jurong West 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 Frontier Primary School as well as Jurong West Primary and Secondary School. Nanyang Technological University is reachable on foot in about half an hour, or about five bus stops away.
Eco-Friendly Features and Smart Homes
Jurong West Crystal will have a number of eco-friendly features, which promote green and sustainable living, including separate chutes for recyclable waste, regenerative lifts to reduce energy consumption, and parking spaces for electric vehicle charging stations. The BTO project will also have smart solutions such as Smart-Enabled and Smart Lighting to reduce energy consumption and encourage a more sustainable living environment.
Conclusion: Is the February 2023 Jurong West BTO Worth Balloting For?
The Jurong West Feb 2023 BTO flats have the advantage of being the most affordable among the February 2023 BTO launches and are located in a relatively developed non-mature estate with long-standing amenities. The Jurong West Crystal 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 Jurong West Crystal (Jurong West BTO February 2023)
- Affordable price
- Eco-friendly features and Smart Homes
- Walking distance to an MRT station
- Good selection of sporting and shopping amenities
- Many schools nearby
Cons Jurong West Crystal (Jurong West BTO February 2023)
- 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:
- February 2023 BTO Launch Review: Jurong West, Kallang/Whampoa, Queenstown, Tengah
- February 2023 BTO Kallang/Whampoa Review: Two Sites in Attractive Central or City Fringe Locations
- February 2203 BTO Queenstown Review: City Fringe Location With Many Choice Schools Nearby
- February 2023 BTO Tengah Review: Affordable Flats in New Housing Estate
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.
Disclaimer: The information is provided for general information only. PropertyGuru Pte Ltd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.