Three out of five estates in the HDB BTO May 2022 launch are in mature towns, which means that bargain-hunters will not have too many options.
Named Yishun Beacon, the project comprises of 646 2-room Flexi (Type 1 and Type 2), 4-room and 5-room flats, which occupy a fairly central location in the estate, within walking distance of Yishun MRT station, Yishun Bus Interchange and the area’s main mall, Northpoint City.
In other words, although residents will be living in a suburban neighbourhood, they will enjoy reasonably good connectivity to the city centre. This could potentially offer a decent compromise between cost and location. Read on to find out more.
Update: Have you heard? There’s an upcoming HDB BTO project in Farrer Park where you can look forward to enjoying the central location and amenities. About 1,660 HDB BTO flats will be built on the site and launched within the next three years!
HDB BTO May 2022 Yishun BTO Map (Yishun Beacon)
Want to live in Yishun without having to wait for an HDB BTO flat? Check out the latest Yishun resale flat listings on PropertyGuru.
Yishun Beacon Yishun HDB BTO Location (HDB BTO May 2022 Launch)
|HDB BTO May 2022 Yishun launch||Yishun Beacon|
|Address||Bounded by Yishun Central 1 and Yishun Avenue 2|
|Nearest MRT||Yishun (North South Line)|
|Nearest bus interchange||Yishun Bus Interchange|
|Nearest schools||Naval Base Secondary School, Chung Cheng High School (Yishun), Northland Primary School, Huamin Primary School, Jiemin Primary School, Yishun Secondary School, Yishun Innova Junior College|
|Other nearby amenities||Yishun Swimming Complex, Yishun Community Hospital, Khoo Teck Puat Hospital, Northpoint City, Yishun Pond Park, Yishun Park, Yishun Park Hawker Centre, SAFRA Yishun, Wisteria Mall|
The HDB BTO May 2022 Yishun Beacon project is located along the major road Yishun Avenue 2, which leads to Yishun MRT station and Northpoint City. It is bounded on the other side by Yishun Avenue 2 and Yishun Central 1.
Despite Yishun being one of the farther-flung neighbourhoods in Singapore, residents will find their commuting time mitigated by the convenient location of the HDB BTO May 2022 Yishun Beacon site which is about a 9-minute walk from Yishun MRT station and Bus Interchange. Yishun MRT offers a direct connection via the North South Line to Raffles Place in 35 minutes.
The HDB BTO May 2022 Yishun Beacon site is also located very near to quite a few amenities, including Yishun Swimming Complex, Yishun Community Hospital, Khoo Teck Puat Hospital and the scenic Yishun Pond Park and Yishun Park.
The Khatib-Bongsu Park Connector runs right by the HDB BTO May 2022 Yishun Beacon site and can take runners and cyclists all the way to the sea in the Sembawang area. Hence, the location is actually ideal for those who like to spend time outdoors.
Yishun Beacon Yishun HDB BTO Price (HDB BTO May 2022 Launch)
The HDB BTO May 2022 Yishun Beacon launch is the second most affordable one in the HDB BTO May 2022 exercise, after the Jurong West BTO project. As Yishun is a non-mature estate quite a distance from the city centre, flats there are usually quite easy to ballot for, although the proximity to Yishun MRT and the fact that there are only 646 units up for grabs might make the competition a little stiffer this time around.
This HDB BTO May 2022 Yishun Beacon launch sees 273 units for 2-room Flexi, 207 units for 4-room and 166 units for 5-room.
With only 2-room Flexi, 4-room and 5-room flats available, the Yishun launch will likely appeal to families with kids and larger households.
HDB’s resale statistics for Q1 2022 indicate that the median resale price for 4-room and 5-room flats was $450,000 and $582,500 respectively, indicating decent capital gains after the expiry of the 5-year Minimum Occupation Period (MOP).
Budgeting for Your Yishun May 2022 BTO Home Loan
Although the Yishun BTO flats are likely to be reasonably priced, you should still budget for your new home before balloting.
In the above table, 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.
For the purposes of the above illustration, we’ve used an interest rate of 2.6% and an LTV of 85%, adjusted in accordance with the Dec 2021 property cooling measures, in the HDB loan example. For the bank loan example, we’ve used a 1.6% interest rate and LTV of 75%.
The above illustrations are based on a loan tenure of 25 years. However, if you can afford it, you can opt for a shorter loan tenure, which will enable you to become debt-free faster.
Need a more precise estimate? Use our affordability calculator to work out how much you will need to pay. If you require personalised assistance with financing and home loans, don’t hesitate to get in touch with one of our PropertyGuru Finance mortgage experts.
Estimate what you can comfortably spend on your new home
Yishun Beacon Yishun BTO Amenities (HDB BTO May 2022 Launch)
Good Connectivity via Yishun MRT and Bus Interchange
Yishun’s distance from the city centre is mitigated somewhat by the good connectivity of the HDB BTO May 2022 Yishun site. Yishun Beacon is located about a 9-minute walk from Yishun Bus Interchange and Yishun MRT station, which is on the North South Line and thus connects directly to MRT stations like Raffles Place in the CBD and Orchard, with no line changes required.
Easy Access to Yishun Park, SAFRA Yishun and More
The HDB BTO May 2022 Yishun Beacon project is located within easy walking distance of two sprawling parks — Yishun Pond Park, which has a scenic water body and observation tower, and Yishun Park, which is home to many playgrounds and fitness corners, making it ideal for families with kids and sports lovers. SAFRA Yishun is located within Yishun Park and has attractions such as a Canopy Walk.
Near Yishun Park Connector and Khatib Bongsu Park Connector
The Yishun Park Connector and Khatib Bongsu Park Connector run right past the Yishun Beacon site, taking users through many of the neighbourhood’s most scenic areas, including Yishun Park. The Khatib Bongsu Park Connector also connects in under 20 minutes by bicycle to Sembawang Park on the north shore of Singapore, giving residents easy access to the sea.
Many Schools in the Area
The HDB BTO May 2022 Yishun project is located an easy walking distance of numerous schools, including Northland Primary School, Naval Base Secondary School, Chung Cheng High School (Yishun) and Yishun Innova Junior College, making it convenient for families with kids.
Conclusion: Is Yishun Beacon (HDB May 2022 Yishun BTO) Worth Balloting For?
If you are looking for an affordable home and are fine with living quite a distance from the city centre, the HDB BTO May 2022 Yishun launch offers a decent compromise thanks to its good public transport connectivity.
Pros of Yishun Beacon (May 2022 Yishun HDB BTO)
- Walking distance to Yishun MRT station on North South Line
- Near two big, scenic parks
- Well-served by park connectors
- Many schools nearby
Cons of Yishun Beacon (May 2022 Yishun HDB BTO)
- Far from city centre
- 3-room flats not available
Not sure if you should ballot for the HDB BTO May 2022 Yishun flats? Read about the other BTO 2022 launches in May 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.