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HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families

·10-min read
HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families
HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families

Note: The August 2022 BTO applications are now closed. For more information on the upcoming November 2022 BTO launches, read our in-depth review. Alternatively, find out more about the upcoming HDB SBF (Sale of Balance Flats) exercise in November.

The May 2022 BTO exercise has concluded and the August 2022 HDB BTO launch is here. Three of the six estates in the current BTO launch are mature estates, including Bukit Merah, Tampines and Ang Mo Kio.

As predicted, the Bukit Merah flats fall under the Prime Location Public Housing (PLH) model. Hence, if you’re seeking a well-located home that is unrestricted by PLH rules, you will want to consider these August 2022 Ang Mo Kio BTO flats.

Named Central Weave @ AMK, the upcoming BTO 2022 Ang Mo Kio launch site is located less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Raffles Place in the CBD without having to change lines. The good connectivity, as well as the location in a popular mature estate, is likely to make these flats highly sought-after.

Plus, if you haven’t already heard, Ang Mo Kio residents who have been affected by the Selective En Bloc Redevelopment Scheme (SERS) will now have the option to apply for a BTO flat – including Aug 2022’s Central Weave @ AMK project. In fact, 10% of these BTO flats will be offered to eligible households under the Resettlement, Relocation, Sers and Tenants’ Priority Scheme.

[ArticleCallout]{ “title”: “HDB Ang Mo Kio SERS (2022): What Singaporeans Are Angry About and Why”, “excerpt”: “To find out the ground sentiments of Singaporeans and SERS, we’ve trawled the Facebook comment section of news articles to suss out what Singaporeans are angry/unhappy about regarding the AMK SERS and the reasons for their furore.”, “link”: “https://www.propertyguru.com.sg/property-guides/hdb-amk-sers-feedback-comments-68536”, “image”: “https://img.iproperty.com.my/angel/1110×624-crop/wp-content/uploads/sites/3/2022/08/AMK-SERS-angry-singaporean-feedback.jpg” } [/ArticleCallout]

Besides the Ang Mo Kio BTO project, residents can also apply for the Keat Hong Grange BTO project in Choa Chu Kang, Woodlands South Plains BTO project in Woodlands, and Sun Plaza Spring BTO project in Tampines.

So let’s see what the upcoming Central Weave @ AMK BTO project has to offer!

HDB BTO August 2022 Ang Mo Kio BTO Map (Central Weave @ AMK)

Location of Central Weave @ AMK Aug 2022 Ang Mo Kio BTO flats, bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3. Source: HDB
Location of Central Weave @ AMK Aug 2022 Ang Mo Kio BTO flats, bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3. Source: HDB

Want to live in Ang Mo Kio without having to wait for an HDB BTO flat to be built? Check out the latest Ang Mo Kio resale flat listings on PropertyGuru.

Central Weave @ Ang Mo Kio Ang Mo Kio HDB BTO Location (HDB BTO August 2022 Launch)

HDB BTO Aug 2022 Ang Mo Kio launch

Central Weave @ AMK

Address

Bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3

Nearest MRT

Ang Mo Kio (North South Line; upcoming Cross Island Line)

Nearest bus interchange

Ang Mo Kio Bus Interchange

Nearest schools

Mayflower Primary School, Anderson Secondary School, Jing Shan Primary School, Anderson Serangoon Junior College, Yio Chu Kang Secondary School, Nanyang Polytechnic, Presbyterian High School, ITE College Central

Other nearby amenities

Ang Mo Kio Public Library, Cheng San Community Club, Yio Chu Kang Squash & Tennis Centre, Yio Chu Kang Swimming Complex, Yio Chu Kang Stadium

The HDB BTO Aug 2022 Central Weave @ AMK site will be bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3.

Ang Mo Kio is a popular mature estate that is considered to be located on the city fringe. Residents will be less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Orchard and Raffles Place MRT stations in 6 stops and 10 stops, respectively.

The upcoming BTO 2022 Central Weave @ AMK flats enjoy quite a good location in the neighbourhood, with amenities such as Ang Mo Kio Public Library and two parks within easy walking distance.

Families with kids can also enjoy a wide range of schools in the area, from primary schools to junior college or poly. Some notable schools include Anderson Secondary School, Anderson Serangoon Junior College and Nanyang Polytechnic.

Central Weave @ AMK Ang Mo Kio HDB BTO Price (HDB BTO August 2022 Launch)

Unit type

Central Weave @ AMK BTO Price (HDB BTO August 2022)

Previous Ang Mo Kio BTO Price (HDB BTO August 2020)

Previous Ang Mo Kio BTO Price (HDB BTO November 2019)

Median resale flat prices in the area (Q2 2022)

2-room Flexi

From $198,000

$170,000 – $253,000

4-room

From $535,000

$423,000 – $550,000

$451,000 – $563,000

$515,000

5-room

From $720,000

$571,000 – $725,000

$785,000

3Gen

From $713,000

The Central Weave @ AMK BTO Aug 2022 project is priced at a premium since Ang Mo Kio is in a central-location mature estate.

The Ang Mo Kio August 2022 BTO launch consists of 896 2-room Flexi, 4-room, 5-room and 3Gen flats. The availability of larger flat types makes it suitable for bigger or multi-generational households. The availability of schools in the area also makes it suitable for families with multiple children.

This is not a particularly big launch, so these upcoming BTO flats in Ang Mo Kio are likely to be heavily oversubscribed. And unlike the Aug 2022 Bukit Merah HDB BTO launch, the Ang Mo Kio Aug 2022 HDB BTO launch does not fall under the PLH model, which likely means even higher demand.

[ArticleCallout]{ “title”: “Types of HDB BTO Flats Available for Selection in Singapore’s BTO Sale Launches (2022)”, “excerpt”: “For those ready to get yourself your very own HDB BTO flat, you know the first step is to do the necessary research on the flats available for selection. Depending on the project, BTO sale launches typically offer flats ranging from 2-room Flexi to 5-room types.”, “link”: “https://www.propertyguru.com.sg/property-guides/types-bto-flats-available-selection-12102”, “image”: “https://img.iproperty.com.my/angel-legacy/1110×624-crop/static/2019/03/An-unfurnished-BTO-unit-propertyguru-singapore.jpg” } [/ArticleCallout]

HDB’s resale statistics for Q2 2022 indicate that the median resale price for 4-room and 5-room flats in Ang Mo Kio was $515,000 and $785,000 respectively. These are actually quite close to the current Ang Mo Kio BTO prices, likely due to many of the Ang Mo Kio resale flats being older flats.

Newer resale flats in the area are considered expensive. Hence, future residents of this batch of August 2022 BTO flats can expect attractive capital gains should they choose to sell their property after the Minimum Occupation Period (MOP) is over.

Budgeting for Your Ang Mo Kio August 2022 BTO Home Loan

The HDB BTO Aug 2022 Ang Mo Kio launch prices are not cheap, so you should plan your finances and budget for your new home prior to balloting.

HDB BTO August 2022 unit type

Price

If you take an HDB loan (at 2.6%, 85% LTV)

If you take a bank loan (at 2.3% p.a., 75% LTV)

2-room Flexi

$198,000

$29,700 downpayment, estimated $767 monthly mortgage repayments

$49,500 downpayment, estimated $651 monthly mortgage repayments

4-room

$535,000

$80,250 downpayment, estimated $2,063 monthly mortgage repayments

$133,750 downpayment, estimated $1,756 monthly mortgage repayments

5-room

$720,000

$108,000 downpayment, estimated $2,776 monthly mortgage repayments

$180,000 downpayment, estimated $2,369 monthly mortgage repayments

3 Gen

$713,000

$106,950 downpayment, estimated $2,749 monthly mortgage repayments

$178,250 downpayment, estimated $2,345 monthly mortgage repayments

In the above table, we have used the starting prices indicated by HDB, but your actual price will depend on the indicative pricing as well as the unit you select. All prices here do not take into account CPF housing grants.

For the purposes of this illustration, we’ve assumed an interest rate of 2.6% and an LTV of 85% for the HDB loan. For the bank loan, we’ve used 75% LTV and an interest rate of 2.3%, which is the lowest applicable rate on PropertyGuru Finance at the time of writing.

All of these illustrations are based on a loan tenure of 25 years. If you can afford to pay more per month, you can opt for a shorter loan tenure to pay off your loan faster.

If you need a more precise estimate, use our affordability calculator to work out your budget. If you require personalised assistance with financing and home loans, feel free to contact one of our PropertyGuru Finance mortgage experts.

Central Weave @ AMK Ang Mo Kio BTO Amenities (HDB BTO August 2022 Launch)

Attractive City Fringe Location

Although not as close to the city as some other mature neighbourhoods, the HDB BTO Aug 2022 Central Weave @ AMK site is still considered an attractive location that offers easy access to the city centre, whether via public transport or car.

Via the CTE, the drive to Raffles Place takes about 25 minutes, while the drive to Orchard Road can be completed in under 22 minutes.

Good Connectivity via Ang Mo Kio MRT Station and Bus Interchange

Another attractive feature of the upcoming BTO 2022 Central Weave @ AMK launch is its proximity to the nearest MRT station, Ang Mo Kio. Via the North South Line, the journey to Orchard Road can be completed in 16 minutes, while the ride to Raffles Place MRT station takes 25 minutes.

Good Selection of Schools in the Area

The availability of a wide variety of schools in the area can make the Central Weave @ AMK Aug 2022 HDB BTO launch an attractive option for families with kids. Primary schools, secondary schools, a JC, a polytechnic and an ITE college are located an easy commute from the HDB BTO 2022 site.

Conclusion: Is Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO) Worth Balloting for?

If you are able to afford the high prices, the Ang Mo Kio August 2022 HDB BTO launch offers the chance to live in an attractive mature estate that enjoys good connectivity to the city centre.

Pros of Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO)

  • Attractive mature estate location

  • Walking distance to Ang Mo Kio MRT station on North South Line

  • Bigger flat types are available

  • Lots of schools in the area

  • Near two parks

Cons of Central Weave @ AMK (August 2022 Ang Mo Kio HDB BTO)

  • Expensive

  • 3-room flats not available

Not sure if you should ballot for the HDB BTO Aug 2022 Central Weave @ AMK flats? Read about the other BTO 2022 launches in August 2022 below:

For more property news, resources and useful content like this article, check out PropertyGuru’s guides section.

Are you looking to buy a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

Already found a new home? Let PropertyGuru Finance’s home finance advisors help you with financing it.

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.