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HDB BTO May 2022 Jurong West Review: Good Investment in Singapore’s Second CBD

Joanne Poh
HDB BTO May 2022 Jurong West Review: Good Investment in Singapore’s Second CBD
The HDB BTO May 2022 flats in Jurong West have launched! Named Lakeside View, we will see 1,016 2-room Flexi, 3-room, 4-room and 5-room flats from this project.
Located in a non-mature estate where great transformations are planned, the HDB BTO May 2022 launch is one of the most promising HDB BTO launches of the year so far, from an investor’s point of view. Lakeside View is situated at a scenic site overlooking Jurong Lake Gardens and finds itself in the heart of Singapore’s second CBD.
The Lakeside View 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. Let’s find out more.
PS: if you don’t fancy any of the May 2022 BTO launches, that’s alright. HDB, Sport Singapore (SportSG) and the Urban Redevelopment Authority (URA) announced that there will be about 1,660 HDB BTO flats in Farrer Park. The HDB BTO project will be launched within the next three years. Different integrated sports and recreational facilities will be made available for you to enjoy. So keep an eye out for the future launch!

HDB BTO May 2022 Jurong West BTO Map (Lakeside View)

Location of Lakeside View 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.

Lakeside View Jurong West BTO Location (HDB BTO May 2022 launch)

HDB BTO May 2022 Jurong WestLakeside View
AddressBounded by Kang Ching Road and Yuan Ching Road
Nearest MRTLakeside (East West Line)
Nearest bus interchangeBoon Lay Bus Interchange
Nearest schoolsYuan Ching Secondary School, Lakeside Primary School, Boon Lay Garden Primary School, Rulang Primary School, Shuqun Primary School, Yuhua Secondary School
Other nearby amenitiesJurong Lake Gardens, Taman Jurong Community Club, Taman Jurong Market & Food Centre
The HDB BTO May 2022 Lakeside View site is strategically located right beside Jurong Lake Gardens and Jurong Lake, 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 the investment potential of their home.
The HDB BTO May 2022 Jurong West site is about 8 minutes’ walk from Lakeside MRT station. This enables future residents of Lakeside View to travel to Raffles Place MRT station in the CBD without having to change lines, on a ride that takes about 32 minutes. Future 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 HDB BTO May 2022 Jurong West launch comprises of 1,016 2-room Flexi, 3-room, 4-room and 5-room flats, making it suitable for a wide range of household sizes. The Lakeside View launch sees 455 units for 2-room Flexi flats, 101 units for 3-room flats, 246 units for 4-room flats, and 214 units for 5-room flats.

Lakeside View Jurong West HDB BTO Price (HDB BTO May 2022 Launch)

2-room Flexi
From $107,000
$95,000 to $160,000
3-room
From $215,000
$173,000 to $229,000
$185,000 to $243,000
$333,900
4-room
From $320,000
$264,000 to $321,000
$257,000 to $364,000
$457,000
5-room
From $412,000
$338,000 to $457,000
$530,000
Considering the investment potential in light of the redevelopment of the Jurong Lake District, Lakeside View flats from the HDB BTO May 2022 Jurong West launch are reasonably priced.
Based on HDB’s resale statistics, the median price of Jurong West resale flats in Q1 2022 was $330,000, $440,000 and $538,900 for 3-room, 4-room and 5-room flats respectively. This indicates excellent resale potential after the 5-year Minimum Occupation Period (MOP) is fulfilled.

Budgeting for Your Jurong West May 2022 BTO Home Loan

Before you ballot for a Lakeside View flat, it’s a good idea to understand how much you can afford to set aside to pay for your new home.
2-room Flexi
$107,000
$16,050 downpayment; estimated $413 monthly mortgage repayments
$26,750 downpayment; estimated $324 monthly mortgage repayments
3-room
$215,000
$32,250 downpayment; estimated $829 monthly mortgage repayments
$53,750 downpayment; estimated $653 monthly mortgage repayments
4-room
$320,000
$48,000 downpayment; estimated $1,233 monthly mortgage repayments
$80,000 downpayment; estimated $971 monthly mortgage repayments
5-room
$412,000
$61,800 downpayment; estimated $1,589 monthly mortgage repayments
$103,000 downpayment; estimated $1,250 monthly mortgage repayments
We’ve used the lowest starting price estimates, 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 the purposes of the above illustration, we’ve used an interest rate of 2.6% and an 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 instalments, 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.

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Lakeside View 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 Jurong West HDB BTO May 2022 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 Lakeside View 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 HDB BTO May 2022 Jurong West 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.
Future residents of Lakeside View 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 Station

The HDB BTO May 2022 Jurong West flats are about 8 minutes’ walk from Lakeside MRT station, which connects directly to Raffles Place MRT station via a 32-minute train ride. The best part? You don’t have to switch MRT lines, making it convenient for those who work in the CBD.

Conclusion: Is Lakeside View (May 2022 Jurong West BTO) Worth Balloting For?

The HDB BTO May 2022 Jurong West project is a smart choice for investment-conscious buyers who wish to benefit from the development of the Jurong Lake District.

Pros of Lakeside View (May 2022 Jurong West HDB BTO)

  • Scenic location near Jurong Lake Garden
  • Affordable
  • Good investment potential due to the development of Jurong Lake District
  • Walking distance to Lakeside MRT station
  • Two MRT stops from Jurong East shopping precinct
  • Near park connector and water sports facilities

Cons of Lakeside View (May 2022 Jurong West HDB BTO)

  • Construction from redevelopment in the area
  • Located quite far west; long travelling time to other parts of Singapore
Lakeside View 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 flats. 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, this HDB BTO May 2022 Jurong West launch is the most affordable project in this round of launches. While Jurong West is classified as a non-mature estate, buying a home in the neighbourhood could prove to be a smart buy that might pay off in future.
Not sure if you should ballot for the HDB BTO May 2022 Jurong West flats? Read about the other BTO 2022 launches in May below:
For more property news, content and resources, check out PropertyGuru’s guides section.
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.
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.

More FAQs About BTO Flats in Singapore

You can start to apply from 27 May 2022 onwards. The application deadline is 2 June 2022, 11.59pm.

Singles can only buy 2-room Flexi BTO flats in non-mature estates.

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.