There have been many BTO launches in Tengah recently, the last in February 2022. In the HDB BTO November 2022 launch, another new batch of flats will be launched in this upcoming non-mature estate, which is currently undergoing development from the ground up.
This will be a large launch involving about 2,070 2-room Flexi, 3-room, 4-room and 5-room flats. Due to the large supply of flats and the high frequency of past launches in Tengah, this launch could end up being relatively easy to successfully ballot for.
HDB BTO November 2022 Tengah BTO Map
Want to buy a home in the Tengah area but don’t want to have to wait for an HDB BTO flat? Browse HDB flats for sale in Jurong West on PropertyGuru.
Tengah BTO Location (HDB BTO November 2022 Launch)
|HDB BTO November 2022 Tengah||TBA|
|Address||Tengah Garden (u/c), Tengah Boulevard (u/c)|
|Nearest MRT||2-room Flexi, 3-room, 4-room, 5-room|
|Nearest bus interchange||Tengah Boulevard|
|Nearest schools||Jurongville Seconday School, Dulwich College, Jurong Primary School, Hua Yi Secondary School, Fuhua Secondary School, Yuhua Secondary School, Shuqun Primary School, Rulang Primary School, Jurong Pioneer Junior College, Canadian International School|
|Other nearby amenities||Jurong Green Community Club, Jurong East Sport Centre|
The Tengah launch will be bounded by future roads Tengah Garden and Tengah Boulevard, with two upcoming MRT stations nearby. Hong Kah MRT station will be located right next door, while Tengah Plantation MRT station will be within walking distance. These MRT stations are expected to open in 2027 and 2028 respectively.
The flats will be located by the proposed Tengah Pond and a proposed park, so some residents will enjoy scenic waterfront views. It will also be very near the PIE, making it easy for those travelling by car to get to other parts of Singapore.
Tengah is currently undergoing development into a residential estate, so there are currently no amenities to speak of, and residents will have to put up with construction for quite a number of years after they move in. As with other new residential estates like Punggol, a large fraction of its first residents will be young families, thus it is likely that many child-related amenities will be established.
Tengah BTO Price (HDB BTO November 2022 Launch)
With about 2,070 units up for grabs, it should not be too difficult to successfully ballot for a flat in Tengah, especially as there was already a previous launch in the area earlier this year.
As Tengah is a brand new non-mature estate, there are no resale flat statistics. However, due to the affordable price of BTO flats in the area, it is likely that resale flats will eventually be able to turn a decent profit after their Minimum Occupation Period (MOP) expires and the estate grows and develops.
Budgeting for Your Tengah November 2022 BTO Home Loan
Although the HDB BTO November 2022 Tengah flats are likely to be affordable, it is still important to plan your finances and work out how much you can afford before balloting for a unit.
These price estimates are based on previous Tengah launches, but how much you actually have to pay will depend on the unit you are allocated and the indicative pricing for the November 2022 Tengah launch. CPF housing grants are not factored into the prices.
In our HDB loan examples, we have gone with an interest rate of 2.6% and an LTV of 85%. For our bank loan examples, we have used an interest rate of 2.3% and an LTV of 75%. Figures have been updated to reflect the December 2021 cooling measures as well as current interest rates.
All loan examples have been worked out based on a 25-year loan. You are, of course, free to go for a shorter loan if you are able to afford higher monthly instalments.
If you are looking for a more precise estimate, feel free to use our affordability calculator to find out how much you can afford on your existing budget. You can also get in touch with a PropertyGuru Finance mortgage expert in order to obtain personalised advice about your situation.
Estimate what you can comfortably spend on your new home
Tengah BTO Amenities (HDB BTO November 2022 Launch)
Near MRT Station
The future Hong Kah MRT station on the Jurong Region Line will be located right next door to the BTO project, while Tengah Plantation MRT station will be within walking distance.
Lots of Greenery
The government has plans to turn Tengah into a very green HDB estate with lots of nature. There are also plans to build community gardens for residents.
Electric Vehicle Carparks
In line with plans to turn Tengah into a sustainable town, selected lots in each car park will be equipped with electric vehicle charging points.
Conclusion: Is HDB November 2022 Tengah BTO Worth Balloting For?
The HDB BTO November 2022 Tengah launch is likely to be very affordable. It is most suited for those who are looking for a wallet-friendly starter home and do not mind the fact that the estate will be under development for the years to come.
Pros of November 2022 Tengah HDB BTO
- Affordable price
- Next door to MRT station
- Green neighbourhood
- Large supply of units available
Cons of November 2022 Tengah HDB BTO
- Estate under construction
- Lack of established amenities
- Far from city centre
With about 2,070 units up for grabs across all flat types (from 2-room Flexi to 5-room flats), there is something for all household sizes in the HDB BTO November 2022 Tengah launch.
The Tengah launch is likely to be popular with young families on a budget who are looking for an affordable starter home. Due to the fact that Tengah is currently undergoing development, residents will have to put up with construction for many years after they move in. Thus, it is best suited to young households with children who are in it for the long term.
Applying for November 2022 HDB BTO Flats
Not sure if you should ballot for the HDB BTO November 2022 Tengah flats? Read about the other upcoming BTO 2022 launches in November below:
Read more here.
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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.