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HDB BTO Oct 2023 Queenstown Review: 4-minute Walk to Commonwealth MRT Station
Note: The HDB BTO Oct 2023 launches have been released. The application deadline will close on 10 October 2023, 11.59pm.
There have already been quite a few Queenstown BTO projects in recent launches, especially on the Buona Vista side of the estate. Exciting news: the Queenstown BTO October 2023 project – Tanglin Halt Cascadia – will be located in an attractive spot near Commonwealth MRT station, within the Tanglin Halt area. The historic neighbourhood is also going to be redeveloped, which means that many older amenities will give way to shiny new ones.
If that sounds like your cup of tea, you might want to ballot for one of the 973 3-room and 4-room Tanglin Halt Cascadia flats. However, given where the Queenstown BTO October 2023 project is located, it has been announced that the Tanglin Halt Cascadia BTO project will fall under the Prime Location Housing (PLH) model. Read on to find out more.
Apply for a Flat in the October BTO 2023 Launch
Thinking about applying for a flat in the October BTO 2023 launch, but not sure how to? Watch our video guide to get started.
Do note that all HDB flat buyers must apply for the HDB Flat Eligibility (HFE) letter to submit along with their BTO application. While HDB will take up to 21 working days to process your application, the wait time to receive your valid HFE letter may be longer during peak periods (e.g. BTO launch weeks) – so we say, apply for your HFE letter sooner rather than later!
Tanglin Halt Cascadia Queenstown BTO October 2023 Map
Tanglin Halt Cascadia Queenstown BTO Location (HDB BTO October 2023 Launch)
Name of the Queenstown HDB BTO October 2023 project | Tanglin Halt Cascadia |
Address | Bounded by Commonwealth Drive and the Rail Corridor |
Types of BTO flats available | 3-room and 4-room flats |
Nearest MRT station | Commonwealth MRT station |
Nearest amenities | Commonwealth Park, Holland Village, Margaret Drive Hawker Centre, Queenstown Community Centre, Rochester Park, and Star Vista |
Nearby schools | Anglo-Chinese Junior College, Anglo-Chinese School (Independent), Anglo-Chinese School (International), ESSEC Business School, Fairfield Methodist School, INSEAD, New Town Primary School, Queensway Secondary School, and Tanglin Trust School |
The Queenstown October 2023 BTO project will be located in the historic Tanglin Halt area, which is currently undergoing redevelopment. In other words, there might be quite a bit of construction going on over the next few years, and established amenities might vanish.
That said, the Tanglin Halt Cascadia BTO site is close to popular lifestyle and F&B amenities like Holland Village, Star Vista, and Ghim Moh Market, so even if the immediate area is undergoing redevelopment, residents will face no shortage of places to frequent.
The actual location of the Tanglin Halt Cascadia site is excellent in terms of connectivity, at just a four-minute walk from Commonwealth MRT station, which takes you to Raffles Place MRT station in the Central Business District (CBD) in about 12 minutes, with no MRT line changes needed.
Those who drive can get to the city centre quickly via Commonwealth Avenue and Alexandra Road, although really, with such a good MRT connection, who needs to?
Besides Tanglin Halt Cascadia’s proximity to the city centre, the Queenstown October 2023 BTO project is also ideal for those who work in the One-North area, or who have children who wish to attend choice schools in the Dover Road area, including ACS(I) and ACJC.
Queenstown HDB BTO Price (HDB BTO October 2023 Launch)
Unit type | Queenstown BTO price (HDB BTO Oct 2023) | Previous Queenstown BTO price (HDB BTO February 2023) | Previous Queenstown BTO price (HDB BTO November 2022) | Median resale flat prices in the area (Q2 2023) |
3-room flat | From $364,000 | From $372,000 | From $362,000 | $420,000 |
4-room flat | From $537,000 | From $541,000 | From $516,000 | $850,000 |
Queenstown is one of the most sought-after mature estates in Singapore, so it is no surprise that the Queenstown October 2023 BTO flats are priced on the higher end, as compared to the flats in other BTO projects!
While there will be 973 Tanglin Halt Cascadia BTO units up for grabs, only 3-room and 4-room flats will be available. In light of this, these BTO flats might be a hit among affluent smaller households.
For those who are looking at snagging an upcoming Queenstown October 2023 BTO flat as an investment after fulfilling the Minimum Occupation Period (MOP), do note that the launch falls under the PLH model.
Budgeting for Your Queenstown October BTO 2023 Home Loan
HDB BTO Oct 2023 Queenstown unit type | Price | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.6% p.a., 75% LTV) |
3-room | $364,000 | $72,800 down payment, estimated $1,321 monthly mortgage repayments | $91,000 down payment, estimated $1,381 monthly mortgage repayments |
4-room | $537,000 | $107,400 down payment, estimated $1,949 monthly mortgage repayments | $134,250 down payment, estimated $2,038 monthly mortgage repayments |
In the table above, we have used the lowest starting prices, but your actual price will vary depending on the unit you select. All prices stated here exclude CPF Housing Grants.
We have worked out the above examples based on an interest rate of 2.6% and a Loan-to-Value limit (LTV) of 80% for HDB loans and an interest rate of 3.6% and an LTV of 75% for bank loans. The above figures are also for a 25-year loan. However, if your income allows for it, you can opt for a shorter loan term.
Need more specific information about your loan? Use the PropertyGuru Finance mortgage calculator to work out the figures for your situation. You can also talk to a PropertyGuru Finance Mortgage Expert if you want personalised advice on how to finance your dream home!
Queenstown BTO Amenities (HDB BTO October 2023 Launch)
1. Near Commonwealth MRT station
The Tanglin Halt Cascadia BTO project is just four minutes away from the nearest MRT station – not just any station, but Commonwealth MRT station, which is a 12-minute direct ride away from the CBD on the East-West Line.
2. Close to Choice Schools
The Tanglin Halt Cascadia flats are located about half an hour’s walk from choice schools such as Anglo-Chinese Junior College, Anglo-Chinese School (Independent), Fairfield Methodist School (Primary and Secondary), ESSEC Business School, and INSEAD.
3. Easy Access to Good Food and Grocery Shopping
Although the area immediately surrounding the Queenstown October 2023 BTO project is undergoing redevelopment, future Tanglin Halt Cascadia residents will never be hungry or bored as it is located close to many established F&B eateries and lifestyle amenities, including Holland Village, Ghim Moh Market, and Star Vista.
3. Short Travel Time to One-North Subzone
The Queenstown October 2023 BTO flats are conveniently located near workplaces in the One-North subzone, which includes Biopolis, Fusionopolis, Mediapolis, and Vista. Tanglin Halt Cascadia is also near the Ministry of Education (MOE), making it ideal for those who work in the area.
If you want to stay in Queenstown but don’t want to wait for the Queenstown October BTO 2023 project, browse all Queenstown HDB resale flats on PropertyGuru now.
Conclusion: Is HDB BTO October 2023 Queenstown Project Worth Balloting for?
The Queenstown October BTO 2023 project enjoys an excellent location in terms of connectivity and is ideal for those who work in the CBD and One-North area. If convenience is important to you, Tanglin Halt Cascadia might be a winner.
Pros of Queenstown Oct 2023 HDB BTO Project
Less than a five-minute walk to Commonwealth MRT station
Walking distance to established food and lifestyle options
Near choice schools
Near One-North
Easy access to the CBD
Cons of Queenstown Oct 2023 HDB BTO Project
5-room BTO flats not available
Falls under the PLH model
Priced on the higher end of the October 2023 BTO flats
Area in the immediate vicinity undergoing redevelopment
Applying for a Queenstown October BTO 2023 Flat
1. What Will Happen if You Receive BTO Ballots and Reject Them
Besides needing to apply for the HFE letter before the October 2023 BTO launch, first-timer BTO applicants who reject their BTO ballots will be considered second-timer applicants for the next year. After they submit their second BTO application, if they reject their BTO ballot again, they won’t be able to apply for a BTO flat for the following year either.
2. First-timer Parents and Families Can Quality for the New FPPS
The Family and Parenthood Priority Scheme (FPPS) has officially replaced the Parenthood Priority Scheme (PPS). This change includes another applicant priority subset, the First-timer (Parents and Married Couples) group, also known as FT(PMC). Up to 40% of BTO flats will be reserved for eligible FT(PMC) applicants.
Eligible FT(PMC) applicants must hit these profile criteria:
Be in a family with at least one Singapore Citizen child who is 18 years old and below, or married couples below 40 years old
Have never owned or sold a residential property
Have not booked a BTO or Sale of Balance Flats (SBF) unit in the past five years before their HDB flat application
3. Unsuccessful FT(PMC) Applicants Will Receive More BTO Ballot Chances
To help FT(PMC) applicants who failed to secure a BTO ballot after multiple applications to a non-mature estate, they will also get one more chance per subsequent application.
Other October BTO 2023 Projects To Consider
Not sure if Tanglin Halt Cascadia is the project for you? Read all our other October BTO 2023 project reviews before deciding on which you should apply for:
HDB BTO Oct 2023 Launch Review: Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah
HDB BTO Oct 2023 Choa Chu Kang Review: 9-minute Walk to Bukit Panjang MRT Station
HDB BTO Oct 2023 Kallang/Whampoa Review: 3 BTO Sites Near Geylang and Toa Payoh
HDB BTO Oct 2023 Tengah Review: Near 3 Upcoming MRT Stations and the New ACS Primary
While you think about the Queenstown and other October BTO 2023 projects, do also consider applying for an SBF or Open Booking of Flats (OBF) unit, two alternative comparable HDB flat types with attractive qualities, respectively.
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