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HDB BTO Feb 2024 Bedok Review: Two BTO Projects a Short Bus Ride to Multiple MRT Stations
Note: The HDB BTO Feb 2024 sales exercise has launched. Applications close on 28 February 2024, 11:59pm.
The Bedok North Springs and Bedok South Bloom HDB BTO Feb 2024 projects are likely to see strong interest from those who are eyeing a home in a mature estate. One reason: even though they’ve been launched in a mature estate, they are not part of the Prime Location Public Housing (PLH) model.
Luckily for applicants, the Bedok HDB BTO Feb 2024 launch will be quite a big one, with 961 BTO flats being released across two sites. The Bedok North Springs HDB BTO Feb 2024 project is bounded by the Pan-Island Expressway (PIE), North Street 3, and Bedok North Avenue 3, while the Bedok South Bloom HDB BTO Feb 2024 project is located along New Upper Changi Road and near The Marketplace @ 58.
The Bedok South Bloom HDB BTO Feb 2024 project will yield 528 2-room Flexi and 4-room BTO flats, while the Bedok North Springs HDB BTO Feb 2024 Bedok North Street 3 site comprises 433 2-room Flexi, 4-room, and 5-room BTO flats.
Don’t know which Bedok HDB BTO Feb 2024 projects you’d rather live in? Read on!
Apply for a BTO Flat in 2024 (Video)
Before applying for a BTO launch, you must secure an HDB Flat Eligibility (HFE) letter, assess your HDB flat, and check your CPF Housing Grant and HDB loan eligibility.
You can do this via the HDB Flat Portal using your Singpass. Once logged in, you can enter your eligibility criteria information and apply for the HDB HFE letter. You must submit your HDB HFE letter alongside your BTO application.
Bedok South Bloom HDB BTO February 2024 Map
Bedok South Bloom HDB BTO Location (HDB BTO February 2024 Launch)
HDB BTO Feb 2024 Bedok launch project name | Bedok South Bloom |
Address | Along New Upper Changi Road and near The Marketplace @ 58 |
Nearest MRT station | Bedok and Tanah Merah MRT station |
Nearest bus interchange | Bedok bus interchange |
Nearest schools | Bedok Green Primary School, Bedok View Secondary School, Anglican High School, Temasek Junior College, Bedok Green Secondary School, Red Swastika School, Yu Neng Primary School, and Fengshan Primary School |
Nearby lifestyle amenities | Bedok Stadium, Heartbeat @ Bedok, Bedok Mall, Djitsun Mall Bedok, Bedok Interchange Hawker Centre, and Fengshan Community Club |
The Bedok South bloom Bedok HDB BTO Feb 2024 site will be located on New Upper Changi Road, approximately an 18-minute walk from Bedok and Tanah Merah MRT stations, respectively.
While not close to Bedok MRT station, the Bedok South Bloom HDB BTO Feb 2024 project still occupies a fairly central spot in Bedok. They are about an 18-minute walk to the town centre and its key amenities, including Bedok Mall, Bedok Interchange Hawker Centre, Djitsun Mall Bedok, Heartbeat @ Bedok, and the Bedok Town Square. It is also right across the road from Bedok Stadium.
Families with kids will be able to choose from numerous schools located within walking distance, including Bedok Green Primary School and Temasek Junior College.
Bedok North Springs HDB BTO February 2024 Map
Bedok North Springs HDB BTO Location (HDB BTO February 2024 Launch)
HDB BTO Feb 2024 Bedok project name | Bedok North Springs |
Address | Bounded by Bedok North Street 3 and the PIE |
Nearest MRT station | Bedok Reservoir MRT station |
Nearest bus interchange | Bedok bus interchange |
Nearest schools | Yu Neng Primary School, Bedok Green Secondary School, Red Swastika School, Fengshan Primary School, Damai Secondary School, Anglican High School, Damai Primary School, and St. Anthony’s Canossian Primary and Secondary School |
Nearby lifestyle amenities | Bedok Town Park, Kaki Bukit Community Centre, and Bedok Reservoir |
The Bedok North Springs HDB BTO Feb 2024 site is bounded by Bedok North Street 3 and Pan Island Expressway (PIE). The nearest Bedok Reservoir MRT station is about a 14-minute walk away.
While a little further away from the Bedok Town Centre than the New Upper Changi site, the Bedok North Springs HDB BTO Feb 2024 enjoys easier access to nature and the park connectors. Bedok Reservoir is located within walking distance, and the Bedok Park Connector is located on the other side of the PIE, making it easy to cycle along the nearby Bedok Canal or to the reservoir.
Families with children can also take advantage of the proximity of numerous schools, including Yu Neng Primary School, which is located right next door, and Red Swastika School and Bedok Green Secondary School, which are located a stone’s throw away.
Want to live in Bedok without waiting for the Bedok HDB BTO Feb 2024 flats to be built? Check out the Bedok HDB resale flat listings on PropertyGuru.
Bedok HDB BTO Price (HDB BTO February 2024 Launch)
Unit type | Bedok BTO price (HDB BTO February 2024) | Bedok BTO price (HDB BTO December 2023) | Previous Bedok BTO price (HDB BTO May 2023) | Median resale flat prices in the area (Q4 2023) |
2-room Flexi | $155,000 to $284,000 | – | $165,000 to $260,000 | – |
4-room | $491,000 to $568,000 | $421,000 to $534,000 | $448,000 to $587,000 | $530,000 |
5-room | $605,000 to $730,000 | $569,000 to $725,000 | $588,000 to $737,000 | $695,000 |
Consisting of a total of 961 2-room Flexi, 4-room, and 5-room flats across two BTO sites, the Bedok South Bloom and Bedok North Springs HDB BTO Feb 2024 projects are likely to attract families, thanks to the availability of 5-room BTO flats at one of the sites, as well as the proximity of schools within very short walking distance.
According to HDB Q4 2023 resale statistics, the median resale price for 4-room HDB resale flats is $530,000, while that for 5-room HDB resale flats is $695,000.
Budgeting for Your Bedok February 2024 BTO Home Loan
HDB BTO February 2024 Bedok unit type | Starting price | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.4% p.a., 75% LTV) |
2-room Flexi | $155,000 | $31,000 downpayment, estimated $563 monthly mortgage repayments | $38,750 downpayment, estimated $576 monthly mortgage repayments |
4-room | $451,000 | $90,200 downpayment, estimated $1,637 monthly mortgage repayments | $112,750 downpayment, estimated $1,675 monthly mortgage repayments |
5-room | $605,000 | $121,000 downpayment, estimated $2,196 monthly mortgage repayments | $112,750 downpayment, estimated $2,247 monthly mortgage repayments |
For the above examples, we have used price estimates derived from the indicative pricing in the most recent BTO launches in the same area. However, the actual price depends on the pricing for this specific project and the unit you select. None of the above calculations take into consideration CPF Housing Grants.
The above interest rate and Loan-to-Value (LTV) limits have been adjusted according to the September 2022 property cooling measures. In the HDB loan examples, we have used an interest rate of 2.6% and an LTV of 80%, while the bank loan examples use an interest rate of 3.4% and an LTV of 75%
The above examples are based on a 25-year loan. However, buyers who can take on higher monthly repayments might wish to opt for a shorter loan.
Wondering how much you’ll have to pay for your home loan? Use the PropertyGuru Finance affordability calculator to find out. Need help with your home loan? Speak to a PropertyGuru Finance Mortgage Expert for free, personalised advice on your situation.
Bedok South Bloom and Bedok North Spring BTO Amenities (HDB BTO February 2024 Launch)
Popular mature estate with established amenities
One of the biggest advantages of mature estates is that they enjoy a good selection of established and well-loved amenities. Bedok is a popular mature estate in the East that is packed with shopping and sporting amenities like Bedok Mall and Bedok Stadium and also has many famous hawker centres like Bedok 85 Fengshan Food Centre.
Easy Access to Nature
Bedok has its fair share of natural sights, including Bedok Reservoir and Bedok Canal. It also has a network of park connectors leading to the key nature spots. The Bedok North Street 3 site enjoys particularly easy access to Bedok’s scenic spots.
Many Schools Within Walking Distance
Bedok North Springs and Bedok South Bloom HDB BTO Feb 2024 sites are located next door to primary schools and are within easy walking distance of multiple other schools. This makes them a convenient option for families with children.
Conclusion: Are the HDB February 2024 Bedok BTO Projects Worth Balloting for?
There’s a lot to like about Bedok. Those with the budget to live in this popular mature estate should decide whether to be closer to the town centre or nature when choosing between the Bedok South Bloom and Bedok North Springs HDB BTO Feb 2024 projects.
Pros of the Bedok February 2024 HDB BTO Projects
Walking distance to MRT station (Bedok North Springs)
Mature estate with good amenities
Lots of good food in the area
Well-served by park connectors
Walking distance to the town centre (Bedok South Bloom)
Easy access to nature (Bedok North Springs)
Cons of the Bedok February 2024 HDB BTO Projects
3-room BTO flats not available
Not that near MRT stations (Bedok South Bloom)
BTO Application Process Updates
Every BTO applicant must apply for the HDB Flat Eligibility (HFE) letter before applying for a BTO flat. You must secure a valid HFE letter before applying for a BTO flat in the BTO February 2024 launch. Although the processing of applications usually takes up to 21 working days, delays may be experienced during peak periods (eg. BTO launch week).
Now, first-timer BTO applicants who reject a BTO offer will be considered second-timer applicants for one full year. If they reject yet another offer following a second BTO application, they will not be allowed to apply for BTO flats for a year.
The Family and Parenthood Priority Scheme (FPPS) has also replaced the previous HDB scheme, the Parenthood Priority Scheme (PPS). Under the FPPS, a new subset of applicants, the First-Timer (Parents and Couples) category, or FT (PMC). 40% of the BTO flats in each sales exercise will be reserved for eligible people classified as FT(PMC).
FT (PMC) applicants who fail to secure a BTO flat in two or more BTO applications in a non-mature estate will get an additional chance in every subsequent BTO application. This rule was designed to assist those who have failed to secure a BTO flat after repeated attempts.
Applying for Bedok South Bloom and Bedok North Springs February 2024 HDB BTO Flats
Those who are still undecided about the Bedok South Bloom and Bedok North Springs February 2024 BTO flats, read about the other February 2024 BTO projects before applying below:
HDB BTO Feb 2024 Launch Review: Punggol, Hougang, Woodlands, Queenstown, Bedok, Choa Chu Kang
HDB BTO Feb 2024 Hougang Review: Nearer to Upper Paya Lebar and Bartley Road
HDB BTO Feb 2024 Woodlands Review: Short Bus Ride to Woodlands South MRT Station
HDB BTO Feb 2024 Queenstown Review: 5 Minutes from Commonwealth MRT Station, in Tanglin Halt
HDB BTO Feb 2024 Choa Chu Kang Review: Along Sungei Pang Sua, Amenities Galore
You can also look for a Sale of Balance Flats (SBF) launch.
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