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HDB BTO Feb 2024 Hougang Review: Nearer to Upper Paya Lebar and Bartley Road
Note: The HDB BTO Feb 2024 sales exercise has launched. Applications close on 28 February 2024, 11:59pm.
The Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 project with 360 2-room Flexi, 3-room, and 4-room BTO flats may be the one for you if you want to live in a non-mature estate with all the perks of an established neighbourhood.
That said, application rates for the Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 project may be high, given the number of BTO flats launching in this estate.
For first-time BTO applicants considering applying for the Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 flats, do check out our quick video guide!
Guide to Applying for a BTO Flat (Video)
Do note that the HDB Flat Eligibility (HFE) letter has been enacted. If you need a reminder, the HDB HFE letter assesses your HDB flat, CPF Housing Grant, and HDB loan eligibility.
Just log into your account on the HDB Flat Portal via Singpass, key in your eligibility criteria details, and request your HFE letter. You must submit a valid HDB HFE letter alongside your BTO application.
Tanjong Tree Residences @ Hougang HDB BTO February 2024 Map
Tanjong Tree @ Houugang HDB BTO February 2024 Location
Hougang HDB BTO February 2024 project name | Tanjong Tree Residences @ Hougang |
Address | Along Hougang Street 13 |
Nearest MRT station | Bartley MRT station |
Nearest bus interchanges | Hougang and Serangoon bus interchanges |
Nearest amenities | Hougang N1 Centre and Paya Lebar-Kovan Community Club |
Nearest schools | Paya Lebar Methodist Girls’ Primary and Secondary School, Yuying Secondary School, Xinghua Primary School, and Anderson Serangoon Junior College |
The Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 project is not strictly near Hougang MRT station but nearer to Upper Paya Lebar Road and Bartley Road, sitting at the new Hougang Street 13, currently under construction. That’s on the fringe of mature estate territory!
What could be appealing to future homeowners is that the nearby Paya Lebar Airbase will be relocated from the 2030s onwards, and the area across from Hougang Ave 3 is slated for redevelopment to be transformed into a new town and further improve connectivity across neighbourhoods.
With only 350 flats across 2-room Flexi, 3-room and 4-room units in the Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 flats coming up, there may be quite a bit of competition for ballots, especially in a mature estate like Hougang, which is one of Singapore’s oldest housing estates.
Families with young and older children will be glad to know there are a few schools for different age groups. They include Paya Lebar Methodist Girls’ Primary and Secondary School, Yuying Secondary School, Xinghua Primary School, and Anderson Serangoon Junior College.
Want to stay in Hougang but don’t want to wait for the Tanjong Tree Residences @ Hougang February 2024 BTO flats to be built? Check out Hougang HDB resale flats on PropertyGuru.
Tanjong Tree Residences @ Hougang BTO Price (HDB BTO February 2024 Launch)
Unit type | Hougang BTO Price (HDB BTO Feb 2024) | Previous Hougang BTO Price (HDB BTO Nov 2021) | Previous Hougang BTO Price (HDB BTO Aug 2021) | Median resale flat prices in the area – Hougang (based on HDB Q4 2023 statistics) |
2-room Flexi | From $136,000 | N/A | From $108,000 to $156,000 | $350,000 |
3-room | From $247,000 | N/A | From $199,000 to $340,000 | $398,900 |
4-room | From $371,000 | From $308,000 to $389,000 | From $324,000 to $507,000 | $560,000 |
The last rounds of the Hougang BTO flats were in August and November 2021, with the previous Punggol Nov 2021 BTO project releasing only 4-room and 5-room BTO flats. Our estimates are just meant to be a guide for budgeting considerations.
The Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 project has 350 units across 2-room Flexi, 3-room, and 4-room configurations. It is hard to estimate the application rates. Still, because Hougang is on the fringe of an upcoming area – sort of in the middle of Hougang (non-mature) and Serangoon (mature) – we are expecting some competition.
2-room Flexi and 3-room Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 flats may be more attractive to singles and couples with no kids as the prices are still reasonable, kind of like in the middle of mature and non-mature BTO flat prices.
Based on the Q4 2023 median resale flat prices in the area, the HDB flats in this Hougang Feb BTO launch will likely see quite a bit of appreciation after their Minimum Occupation Period (MOP) is up.
Budgeting for Your Tanjong Tree Residences @ Hougang HDB BTO February 2024 Home Loan
HDB BTO February 2024 Hougang 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 | $136,000 | $27,200 downpayment, estimated $494 monthly mortgage repayments | $34,000 downpayment, estimated $505 monthly mortgage repayments |
3-room | $247,000 | $49,400 downpayment, estimated $896 monthly mortgage repayments | $61,750 downpayment, estimated $917 monthly mortgage repayments |
4-room | $371,000 | $74,200 downpayment, estimated $,1346 monthly mortgage repayments | $92,750 downpayment, estimated $1,378 monthly mortgage repayments |
All prices stated above exclude CPF Housing Grants.
We used an interest rate of 2.6% and a Loan-to-Value (LTV) limit of 80% for the HDB loan example calculations and an interest rate of 3.4% and an LTV of 75% for the bank loan example calculations. The above example calculations are based on a 25-year loan. However, if you can make higher monthly repayments, you may want to opt for a shorter loan (and pay lesser interest!).
For a more accurate estimate appropriate to your situation, you can use the PropertyGuru Finance affordability calculator. You can also chat with a PropertyGuru Finance Mortgage Expert for personalised advice on home loans and financing.
Tanjong Tree Residences @ Hougang BTO February 2024 Amenities (HDB BTO February 2024 Launch)
Established Facilities
Although it’s away from the main Hougang thoroughfare, the project is still within reach of the facilities of an established estate, including a neighbourhood park, Chinese temple, Hougang N1 Centre, and Paya Lebar-Kovan Community Club. It is also close to the Serangoon estate.
Planned Developments
A medical centre and bus depot are expected to be ready in the next few years, as well as the relocation of the Paya Lebar Airbase and the transformation of a new town with a new integrated way of living.
Schools for Children of All Ages
There are primary and secondary schools, as well as a junior college, in the immediate vicinity or a bus ride away – good for small families with school-age children.
Conclusion: Is the Tanjong Tree Residences @ Hougang February BTO 2024 Project Worth Balloting For?
The Tanjong Tree Residences @ Hougang HDB BTO Feb 2024 project is a new launch in Hougang since the last one in November 2021, with just 4-room and 5-room flats, so if you didn’t get your chance with that or want something smaller for your needs, now’s your chance.
The distance of the project is still relatively near the Bartley MRT station, which is less than 1km away (850m), making walking there a decent way to clock your steps. For drivers, it’s close to the KPE as well, which can take you to town in a jiffy.
For the long-term planners who see the potential of the planned Paya Lebar Airbase relocation as a benefit to living there or increasing the value of their flat, this may be a good option.
Price-wise, the flats are priced competitively for a mature estate.
Pros of Tanjong Tree Residences @ Hougang February BTO 2024
A good number of primary and secondary schools in the area
Planned development of neighbouring area
Good for seniors, singles, couples, and small families
Lower competition expected
Less than 1km away from the nearest Bartley MRT station
Good for seniors, singles, couples and small families
Availability of schools from primary to tertiary level
Close to the expressway (benefits drivers)
Cons of Tanjong Tree Residences @ Hougang February BTO 2024
Further from the town centre
Further from the city centre by public transport
Not as many amenities as compared to a project in a more centralised spot in an estate
More industrial locations at the moment
BTO Application Process Updates
All BTO applicants must apply for the HDB Flat Eligibility (HFE) letter before applying for their desired BTO project.
If you’re thinking of applying for a BTO flat in the February BTO 2024 launch, you should have already applied for and received your valid HFE letter; while HDB will take up to 21 working days to process your application, they may face delays during peak periods (e.g. BTO launch weeks).
Now, first-timer BTO applicants who reject their BTO ballots will also be considered second-timer applicants for one full year. During their second BTO application attempt, if they reject another BTO ballot, they won’t be able to apply for any BTO flats in the following year.
Furthermore, the Family and Parenthood Priority Scheme (FPPS) has officially replaced the Parenthood Priority Scheme (PPS). This new HDB scheme includes a new applicant priority subset, the First-Timer (Parents and Married Couples) category, or FT(PMC). Up to 40% of BTO flats in each sales exercise will be reserved for eligible FT(PMC) applicants.
Lastly, if you are an FT(PMC) unsuccessful for two or more tries (in a non-mature estate), you will receive one more chance per subsequent BTO application. This rule was introduced to help those unsuccessful in repeated balloting attempts.
Applying for Tanjong Tree Residences @ Hougang February 2024 HDB BTO Flats
Those who are still undecided about the Tanjong Tree Residences @ Hougang 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 Choa Chu Kang Review: Along Sungei Pang Sua, Amenities Galore
HDB BTO Feb 2024 Bedok Review: Two BTO Projects a Short Bus Ride to Multiple MRT Stations
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
You can apply for the HDB Sale of Balance Flats (SBF) Feb 2024 launch.
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