Yahoo Finance February 2023 HDB BTO review: Jurong West (Jurong West Crystal)
In this February 2023 HDB BTO exercise, we have two BTO projects launching in the west. One of them is at Jurong West, with 271 units of 3-room and 4-room flats.
February 2023 Jurong West HDB BTO: At a glance
Location | Along Jurong West Street 93 |
Classification | |
Flat types and number of units | 271 units of 3-room, 4-room |
Price range for a 4-room flat | S$288k – S$372k |
Estimated waiting time | 3 years 11 months |
Estimated completion date/ Delivery possession date | Q3 2027/ 31 Mar 2029 |
Nearest MRT | |
Notable amenities | Jurong West Sports Centre, Yunnan Park, Pioneer Mall, Jurong West Hawker Centre, Pioneer Polyclinic, Jurong Point, NTU, Yunnan Garden |
February 2023 Jurong West HDB BTO: Price range and estimated monthly instalments
Here are the price ranges:
Flat type | Price range |
3-room | S$187k – S$249k |
4-room | S$288k – S$372k |
Estimated downpayment, monthly instalments and income
Based on the price ranges, we can estimate the downpayment, monthly instalments and household income needed to pay for the February 2023 Jurong West BTO flat. These estimates are based on the following assumptions:
An HDB loan is taken to maximise the 80% loan-to-value (LTV), given the latest cooling measures
The loan tenure is 25 years, with the current interest rate of 2.6%
A stress-test rate of 3% is used to calculate the Mortgage Servicing Ratio (MSR), which stipulates that up to 30% of your monthly household income can be used to pay the monthly instalments.
There is no other housing loan to service
To illustrate, we’ll use the median of the price range and won’t be taking into account any CPF grants or savings to be used.
Flat type | Median price | Loan amount (80%) | Min. downpayment (20%) | Estimated monthly instalment (with 2.6% interest rate) | Estimated monthly household income (with 3% stress-test) |
3-room | S$218,000 | S$174,400 | S$43,600 | S$791.20 | S$2,756.73 |
4-room | S$330,000 | S$264,000 | S$66,000 | S$1,197.69 | S$4,173.07 |
Looking to take out a bank loan instead? Contact our mortgage broker to get the best rates.
What we noticed about the February 2023 Jurong West HDB BTO
*Disclaimer: Walking, public transport ride and driving durations are based on Google Maps estimates. Actual times may vary.
The Jurong West Crystal BTO is one of the projects in this launch that’s within walking distance of the MRT. But here’s also where the MRT tracks of the East-West Line are elevated. For better or worse, this BTO plot is along the MRT track (you can see how near the track is based on the artist’s impression and site plan of this project.)
So it will be noisy if you’re getting a unit facing the track, especially at stacks 426 and 428.
And with only 271 units, this Jurong West BTO is the smallest project in the February 2023 BTO launch. So it may be harder to get a queue number here. One tip we have to increase your BTO chances is to monitor the application rate throughout the week before submitting the ballot.
But if you want to get a BTO fast, you might want to ballot for Jurong West Crystal as it has the shortest waiting time of 3 years 11 months.
February 2023 Jurong West HDB BTO: The pros
Accessibility
The Jurong West BTO is just a six-minute walk of Pioneer MRT. It’s one stop to Boon Lay MRT, which will be an interchange for the East-West Line and Jurong Region Line. Here’s also where you can switch lines to get to the other parts of Jurong, such as Jurong Lake District.
For drivers, the Pan-Island Expressway (PIE) and Ayer Rajah Expressway (AYE) are just a couple of streets away.
Note that this BTO is located at the edge of the residential area in the west of Singapore. If you don’t mind the long commuting time to other parts of the island, this is an affordable option to consider.
Food and retail amenities
Conveniently located within Jurong West Crystal are a minimart, eating house and shops.
Alternatively, Pioneer Mall and Jurong West Hawker Centre are around a 10-minute walk away. The hawker centre will reopen in Q3 this year after a makeover.
Another option within walking distance is the neighbourhood centre at Jurong West Street 91, where you can find some eateries and Prime Supermarket.
For a wider range of options, you can always head to Jurong Point.
Schools
If you’re planning to have kids, you’ll be pleased to know that there are several primary and secondary schools nearby.
Primary schools within 1km of the Jurong West BTO include:
Jurong West Primary and MOE Kindergarten
Frontier Primary and MOE Kindergarten
Xingnan Primary
West Grove Primary (some blocks may fall outside the 1km radius)
(On the BTO map, there’s also Pioneer Primary, which was merged with Juying Primary at the start of 2022. While it’s also within 1km of this BTO site, we’re not including it as it will move to Tengah in 2026.)
Other schools nearby include:
Corporation Primary
Westwood Primary and MOE Kindergarten
Juying Secondary
Jurong West Secondary
Boon Lay Secondary
River Valley High
One World International School
NTU
A plus point is that this Jurong West BTO is around a 20-minute bus ride to NTU. So this BTO presents a good rental opportunity if you’re thinking of renting out your room or HDB flat to students in future.
Sports facilities
Another highlight of this BTO is its proximity to Jurong West Sports Centre (a three-minute walk). A wide range of sports facilities are clustered here, including a stadium, sports hall, swimming pools and tennis courts.
So this makes for an ideal home if you want to live near sports facilities, but find the Kallang/ Whampoa BTO (Jalan Rajah BTO and Farrer Park BTO) too expensive.
February 2023 Jurong West HDB BTO: The cons
No 5-room flats
Interestingly, this Jurong West BTO won’t have any 5-room flats. So it’s more for couples and families with one or two kids.
The only 5-room option in this February 2023 BTO is at the Tengah BTO.
HDB flats for sale in Jurong West
966 Jurong West Street 93
Singapore 640966 · D22
3
2
1,291 sqft
$580,000
176 Boon Lay Drive
Singapore 640176 · D22
2
1
635 sqft
$305,000
112 Ho Ching Road
Singapore 610112 · D22
2
2
721 sqft
$303,000
338A Tah Ching Road
Singapore 611338 · D22
3
2
1,011 sqft
$538,000
176 Boon Lay Drive
Singapore 640176 · D22
2
1
635 sqft
$305,000
530 Jurong West Street 52
Singapore 640530 · D22
2
2
882 sqft
$430,000
174 Boon Lay Drive
Singapore 640174 · D22
2
2
635 sqft
$320,000
475 Jurong West Street 41
Singapore 640475 · D22
2
2
785 sqft
$396,000
473 Jurong West Street 41
Singapore 640473 · D22
2
2
721 sqft
$350,000
180C Boon Lay Drive
Singapore 643180 · D22
2
2
732 sqft
$450,000
113 Tao Ching Road
Singapore 610113 · D22
2
2
818 sqft
$330,000
481 Jurong West Street 41
Singapore 640481 · D22
2
2
721 sqft
$390,000
339D Kang Ching Road
Singapore 614339 · D22
2
2
721 sqft
$448,000
534 Jurong West Street 52
Singapore 640534 · D22
2
2
721 sqft
$350,000
209 Boon Lay Place
Singapore 640209 · D22
2
2
700 sqft
$300,000
213 Boon Lay Place
Singapore 640213 · D22
3
1
807 sqft
$360,000
502 Jurong West Avenue 1
Singapore 640502 · D22
2
2
797 sqft
$420,000
698A Jurong West Central 3
Singapore 641698 · D22
2
2
731 sqft
$500,000
176 Boon Lay Drive
Singapore 640176 · D22
2
1
635 sqft
$305,000
121 Yuan Ching Road
Singapore 610121 · D22
2
2
656 sqft
$300,000
114 Ho Ching Road
Singapore 610114 · D22
2
1
818 sqft
$348,000
530 Jurong West Street 52
Singapore 640530 · D22
2
2
882 sqft
$430,000
185 Boon Lay Avenue
Singapore 640185 · D22
2
2
732 sqft
$318,000
208 Boon Lay Place
Singapore 640208 · D22
2
2
699 sqft
$325,000
180B Boon Lay Drive
Singapore 642180 · D22
2
2
732 sqft
$418,000
915 Jurong West Street 91
Singapore 640915 · D22
2
2
786 sqft
$375,000
531 Jurong West Street 52
Singapore 640531 · D22
2
2
721 sqft
$380,000
211 Boon Lay Place
Singapore 640211 · D22
2
2
700 sqft
$323,000
211 Boon Lay Place
Singapore 640211 · D22
2
2
699 sqft
$325,000
113 Tao Ching Road
Singapore 610113 · D22
2
1
721 sqft
$295,000
916 Jurong West Street 91
Singapore 640916 · D22
2
2
786 sqft
$360,000
122 Yuan Ching Road
Singapore 610122 · D22
2
1
656 sqft
$318,000
165A Yung Kuang Road
Singapore 611165 · D22
3
2
1,001 sqft
$600,000
928 Jurong West Street 92
Singapore 640928 · D22
2
2
785 sqft
$370,000
914 Jurong West Street 91
Singapore 640914 · D22
2
2
785 sqft
$370,000
977 Jurong West Street 93
Singapore 640977 · D22
3
2
1,119 sqft
$499,999
744 Jurong West Street 73
Singapore 640744 · D22
3
2
1,206 sqft
$498,000
157 Yung Loh Road
Singapore 610157 · D22
3
2
1,195 sqft
$550,000
165B Yung Kuang Road
Singapore 612165 · D22
3
2
1,001 sqft
$595,000
166A Yung Kuang Road
Singapore 611166 · D22
4
2
1,216 sqft
$720,000
546 Jurong West Street 42
Singapore 640546 · D22
3
2
1,119 sqft
$499,999
338A Tah Ching Road
Singapore 611338 · D22
3
2
1,011 sqft
$558,000
655B Jurong West Street 61
Singapore 642655 · D22
0
915 sqft
$480,000
165A Yung Kuang Road
Singapore 611165 · D22
3
2
1,000 sqft
$595,000
368 Corporation Drive
Singapore 610368 · D22
3
2
1,097 sqft
$538,000
667B Jurong West Street 65
Singapore 642667 · D22
3
2
969 sqft
$510,000
138A Yuan Ching Road
Singapore 611138 · D22
3
2
925 sqft
$650,000
338A Tah Ching Road
Singapore 611338 · D22
3
2
1,011 sqft
$538,000
268C Boon Lay Drive
Singapore 643268 · D22
3
2
968 sqft
$470,000
673A Jurong West Street 65
Singapore 641673 · D22
3
2
925 sqft
$513,000
837 Jurong West Street 81
Singapore 640837 · D22
3
2
1,173 sqft
$480,000
561B Jurong West Street 42
Singapore 642561 · D22
3
2
1,001 sqft
$558,000
275B Jurong West Street 25
Singapore 642275 · D22
3
2
969 sqft
$450,000
337C Tah Ching Road
Singapore 613337 · D22
3
2
1,012 sqft
$550,000
454 Jurong West Street 42
Singapore 640454 · D22
3
2
1,108 sqft
$470,000
276A Jurong West Street 25
Singapore 641276 · D22
3
2
914 sqft
$450,000
731 Jurong West Street 72
Singapore 640731 · D22
3
2
1,120 sqft
$450,000
748 Jurong West Street 73
Singapore 640748 · D22
3
2
1,119 sqft
$468,000
361 Yung An Road
Singapore 610361 · D22
3
2
1,140 sqft
$520,000
347 Kang Ching Road
Singapore 610347 · D22
3
2
1,098 sqft
$550,000
166B Yung Kuang Road
Singapore 612166 · D22
3
2
1,001 sqft
$550,000
561A Jurong West Street 42
Singapore 641561 · D22
3
2
1,001 sqft
$590,000
835 Jurong West Street 81
Singapore 640835 · D22
3
2
1,119 sqft
$455,000
668B Jurong West Street 64
Singapore 642668 · D22
3
2
914 sqft
$528,000
747 Jurong West Street 73
Singapore 640747 · D22
3
2
1,162 sqft
$495,000
685A Jurong West Street 64
Singapore 641685 · D22
3
2
1,001 sqft
$525,000
545 Jurong West Street 42
Singapore 640545 · D22
3
2
1,108 sqft
$468,000
275C Jurong West Street 25
Singapore 643275 · D22
3
2
968 sqft
$475,000
483 Jurong West Street 41
Singapore 640483 · D22
3
2
990 sqft
$480,000
913 Jurong West Street 91
Singapore 640913 · D22
3
2
1,119 sqft
$490,000
658D Jurong West Street 65
Singapore 644658 · D22
3
2
1,184 sqft
$558,000
206 Boon Lay Drive
Singapore 640206 · D22
3
2
1,292 sqft
$568,000
697A Jurong West Central 3
Singapore 641697 · D22
4
2
1,216 sqft
$830,000
166A Yung Kuang Road
Singapore 611166 · D22
3
2
1,216 sqft
$800,000
166A Yung Kuang Road
Singapore 611166 · D22
4
2
1,216 sqft
$720,000
673C Jurong West Street 65
Singapore 643673 · D22
3
2
1,184 sqft
$570,000
166A Yung Kuang Road
Singapore 611166 · D22
3
2
1,216 sqft
$788,000
632 Jurong West Street 65
Singapore 640632 · D22
3
2
1,184 sqft
$638,000
327 Tah Ching Road
Singapore 610327 · D22
4
2
1,291 sqft
$708,000
217A Boon Lay Avenue
Singapore 641217 · D22
3
2
1,226 sqft
$720,000
553 Jurong West Street 42
Singapore 640553 · D22
3
2
1,430 sqft
$650,000
678A Jurong West Street 64
Singapore 641678 · D22
3
2
1,184 sqft
$568,000
355 Kang Ching Road
Singapore 610355 · D22
4
2
1,291 sqft
$800,000
555 Jurong West Street 42
Singapore 640555 · D22
3
2
1,442 sqft
$588,000
183A Boon Lay Avenue
Singapore 641183 · D22
3
2
1,206 sqft
$599,999
673C Jurong West Street 65
Singapore 643673 · D22
3
2
1,184 sqft
$558,000
401 Jurong West Street 42
Singapore 640401 · D22
3
2
1,442 sqft
$599,999
275D Jurong West Avenue 3
Singapore 644275 · D22
3
2
1,195 sqft
$510,000
165B Yung Kuang Road
Singapore 612165 · D22
3
2
1,216 sqft
$718,000
987A Jurong West Street 93
Singapore 641987 · D22
3
2
1,184 sqft
$668,800
676B Jurong West Street 64
Singapore 642676 · D22
3
2
1,184 sqft
$588,000
166A Yung Kuang Road
Singapore 611166 · D22
4
2
1,216 sqft
$730,000
415 Jurong West Street 42
Singapore 640415 · D22
3
2
1,442 sqft
$560,000
138D Yuan Ching Road
Singapore 614138 · D22
3
2
1,132 sqft
$850,000
674B Jurong West Street 65
Singapore 642674 · D22
3
2
1,184 sqft
$595,000
922 Jurong West Street 92
Singapore 640922 · D22
3
2
1,313 sqft
$550,000
649B Jurong West Street 61
Singapore 642649 · D22
3
2
1,184 sqft
$565,000
646 Jurong West Street 61
Singapore 640646 · D22
3
2
1,292 sqft
$620,000
950 Jurong West Street 91
Singapore 640950 · D22
3
2
1,420 sqft
$550,000
444 Jurong West Avenue 1
Singapore 640444 · D22
3
2
1,453 sqft
$559,000
987A Jurong West Street 93
Singapore 641987 · D22
3
2
1,184 sqft
$608,000
921 Jurong West Street 92
Singapore 640921 · D22
4
2
1,313 sqft
$535,000
966 Jurong West Street 93
Singapore 640966 · D22
3
2
1,291 sqft
$620,000
673C Jurong West Street 65
Singapore 643673 · D22
3
2
1,184 sqft
$599,888
461 Jurong West Street 41
Singapore 640461 · D22
3
2
1,302 sqft
$603,888
860 Jurong West Street 81
Singapore 640860 · D22
4
2
1,539 sqft
$799,888
471 Jurong West Street 41
Singapore 640471 · D22
3
3
1,625 sqft
$838,000
628 Jurong West Street 65
Singapore 640628 · D22
3
2
1,399 sqft
$690,000
860 Jurong West Street 81
Singapore 640860 · D22
4
2
1,539 sqft
$777,777
409 Jurong West Street 42
Singapore 640409 · D22
3
2
1,614 sqft
$1,000,000
714 Jurong West Street 71
Singapore 640714 · D22
4
3
1,592 sqft
$888,888
682A Jurong West Central 1
Singapore 641682 · D22
4
2
1,452 sqft
$788,000
910 Jurong West Street 91
Singapore 640910 · D22
4
2
1,517 sqft
$750,000
154 Yung Ho Road
Singapore 610154 · D22
4
3
1,593 sqft
$830,000
556 Jurong West Street 42
Singapore 640556 · D22
3
2
1,593 sqft
$738,000
669A Jurong West Street 64
Singapore 641669 · D22
3
2
1,399 sqft
$738,000
671B Jurong West Street 65
Singapore 642671 · D22
4
2
1,345 sqft
$666,888
556 Jurong West Street 42
Singapore 640556 · D22
4
3
1,615 sqft
$699,000
671B Jurong West Street 65
Singapore 642671 · D22
4
2
1,345 sqft
$625,000
754 Jurong West Street 74
Singapore 640754 · D22
4
2
1,604 sqft
$788,000
628 Jurong West Street 65
Singapore 640628 · D22
4
2
1,398 sqft
$720,000
407 Jurong West Street 42
Singapore 640407 · D22
3
2
1,690 sqft
$768,000
151 Yung Ho Road
Singapore 610151 · D22
4
3
1,582 sqft
$750,000
471 Jurong West Street 41
Singapore 640471 · D22
4
3
1,691 sqft
$950,000
829 Jurong West Street 81
Singapore 640829 · D22
4
2
1,560 sqft
$698,000
906 Jurong West Street 91
Singapore 640906 · D22
4
2
1,517 sqft
$680,000
151 Yung Ho Road
Singapore 610151 · D22
4
3
1,582 sqft
$788,000
669D Jurong West Street 64
Singapore 644669 · D22
4
2
1,399 sqft
$750,000
556 Jurong West Street 42
Singapore 640556 · D22
3
2
1,593 sqft
$735,000
708 Jurong West Street 71
Singapore 640708 · D22
3
3
1,603 sqft
$720,000
469 Jurong West Street 41
Singapore 640469 · D22
3
3
1,680 sqft
$998,000
217A Boon Lay Avenue
Singapore 641217 · D22
4
3
1,302 sqft
$800,000
548 Jurong West Street 42
Singapore 640548 · D22
4
3
1,712 sqft
$950,000
669D Jurong West Street 64
Singapore 644669 · D22
3
2
1,399 sqft
$730,000
274A Jurong West Avenue 3
Singapore 641274 · D22
4
2
1,356 sqft
$599,000
669D Jurong West Street 64
Singapore 644669 · D22
4
2
1,399 sqft
$750,000
217A Boon Lay Avenue
Singapore 641217 · D22
4
3
1,302 sqft
$818,000
906 Jurong West Street 91
Singapore 640906 · D22
4
2
1,517 sqft
$710,000
912 Jurong West Street 91
Singapore 640912 · D22
3
2
1,528 sqft
$688,000
669D Jurong West Street 64
Singapore 644669 · D22
4
2
1,399 sqft
$750,000
February 2023 Jurong West HDB BTO: What’s the potential price appreciation?
Generally, the average price of 3-room and 4-room resale flats in Jurong West has risen by 11.71% in the last 10 years. However, this price increase is lower than resale flats of the same flat types in non-mature estates. One likely reason for this is its location in the westernmost part of Singapore.
When we compare the resale prices psf of 3-room and 4-room flats in Jurong West, we find that there’s not much price difference between the two flat types. This is unlike the price trends we’ve seen in the other HDB estates such as Kallang/ Whampoa and Queenstown, where the price psf of 4-room flats is way higher than that of 3-room flats.
Here are the average resale prices so far this year, as of 7 Feb 2023:
Flat type | Average price psf | Average price |
3-room | S$493 | S$353,074 |
4-room | S$472 | S$491,939 |
Major developments in the area are the three new employment hubs in the west: Jurong Lake District, Jurong Innovation District and Tuas Port.
Jurong Lake District is set to be the largest business district outside the city centre, while Jurong Innovation District will be a hub for advanced manufacturing and industrial-academia collaborations. Meanwhile, Tuas Port, which officially opened last year, is expected to be the world’s biggest fully automated port when it’s fully operational by 2040s.
These future developments will help support price growth, as more jobs will be created here. At the same time, if you’re thinking of becoming a landlord in future, this BTO will provide some rental opportunities.
Will you apply for the February 2023 Jurong West HDB BTO? Let us know in the comments section below.
If you found this article helpful, check out our overview of the February 2023 BTO projects and reviews of the other sites:
The post February 2023 HDB BTO review: Jurong West (Jurong West Crystal) appeared first on .
