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HDB BTO Feb 2024 Queenstown Review: 5 Minutes from Commonwealth MRT Station, in Tanglin Halt

HDB BTO Feb 2024 Queenstown Review: 5 Minutes from Commonwealth MRT Station, in Tanglin Halt
HDB BTO Feb 2024 Queenstown Review: 5 Minutes from Commonwealth MRT Station, in Tanglin Halt

Note: The HDB BTO February 2024 projects have been launched. Applications close on 28 February 2024, 11:59pm.

There have been many launches in Queenstown in recent BTO exercises, and the Tanglin Halt Courtyard Queenstown February 2024 BTO launch continues this trend with a new Queenstown site in the historic Tanglin Halt area, which is currently undergoing redevelopment.

Queenstown is a perennial favourite due to its location on the city fringe, offering easy access to the CBD via train or Commonwealth Avenue. What’s more, the Tanglin Halt Courtyard February 2024 Queenstown BTO project is highly attractive in terms of connectivity, being just a five-minute walk from Commonwealth MRT station.

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A word of caution, however: the Tanglin Halt Courtyard Queenstown HDB BTO Feb 2024 flats fall under the Prime Location Public Housing (PLH) model, which imposes stricter rules such as longer Minimum Occupation Period (MOP) and tighter rental conditions.

With only 251 2-room Flexi and 4-room flats up for grabs, this will be a highly exclusive project that may see many applicants vying for a small number of flats.

Apply for a BTO Flat in 2024 (Video)

Before applying for a BTO flat, you should apply for and obtain a HDB Flat Eligibility (HFE) letter, make an an assessment of your HDB flat, check your  CPF Housing Grant and check your HDB loan eligibility.

To do the above, log into the HDB Flat Portal using your Singpass, enter your eligibility criteria information, and send a request for a HDB HFE letter. You will need to have a valid HDB HFE letter ready when making a BTO application.

Tanglin Halt Courtyard HDB BTO February 2024 Queenstown BTO Map

Location of the Tanglin Halt Courtyard Queenstown Feb BTO 2024 project, located between Commonwealth Drive and Tanglin Halt Road. Source: HDB
Location of the Tanglin Halt Courtyard Queenstown Feb BTO 2024 project, located between Commonwealth Drive and Tanglin Halt Road. Source: HDB

Tanglin Halt Courtyard Queenstown HDB BTO Location (HDB BTO February 2024 Launch)

HDB BTO Feb 2024 Queenstown launch

Tanglin Halt Courtyard

Address

Bounded by Tanglin Halt Road and Commonwealth Drive

Nearest MRT station

Commonwealth MRT station

Nearest bus interchange

Nearest schools

New Town Primary School, Queensway Secondary School, Tanglin Trust School, and ACS International

Other nearby amenities

Rideout Tea Garden, Queenstown Community Centre, Queenstown Swimming Complex & Stadium, Queenstown Public Library, Holland Village, Buona Vista Community Club, and Holland Drive Market and Food Centre

The Tanglin Halt Courtyard Queenstown February 2024 BTO site is bounded by Tanglin Halt Road and Commonwealth Drive on the city fringe.

The Tanglin Halt area is currently undergoing redevelopment. In the works is a new housing estate with amenities such as a hawker centre, park, and polyclinic integrated into a single project. Up to 5,500 BTO flats are expected to be built. Improved amenities for pedestrians and cyclists will also be developed between Commonwealth MRT station and the Rail Corridor.

The Tanglin Halt Courtyard Queenstown HDB BTO Feb 2024 flats enjoy great connectivity, with Commonwealth MRT station being just a five-minute walk away. Those who drive can get to the CBD easily via Commonwealth Avenue.

While the area immediately surrounding the flats is undergoing redevelopment, the Tanglin Halt Courtyard Queenstown February 2024 BTO site is located relatively near many well-loved amenities, including the scenic Rideout Tea Garden, Queenstown Swimming Complex and Stadium, and Queenstown Public Library, as well as popular lifestyle hub Holland Village.

Families with school-going kids will also have a good selection of schools located within walking distance, such as New Town Primary School just across the road. The Tanglin Halt Courtyard Queenstown HDB BTO February 2024 flats are also a few kilometres away from choice schools in Buona Vista such as Anglo-Chinese School (Independent), Fairfield Methodist School, and Anglo-Chinese Junior College.

Want to live in Queenstown without having to wait for a Tanglin Halt Courtyard HDB BTO flat? Check out the latest Queenstown resale flat listings on PropertyGuru.

Tanglin Halt Courtyard Queenstown HDB BTO Price (HDB BTO February 2024 Launch)

Unit type

Queenstown BTO Price (HDB BTO Feb 2024)

Previous Queenstown BTO Price (HDB BTO December 2023)

Previous Queenstown BTO Price (HDB BTO October 2023)

Previous Queenstown BTO Price (HDB BTO February 2023)

Median resale flat prices in the area (based on Q4 2023 data)

2-room Flexi

$238,000 to $353,000

4-room

$565,000 to $720,000

$598,000 to $763,000

$537,000 to $702,000

$541,000 to $711,000

$928,000

Consisting of only 251 2-room Flexi and 4-room flats, the Tanglin Halt Courtyard Queenstown February 2024 BTO launch is a highly exclusive one. With so few units up for grabs in such a popular city fringe location, expect the flats to see very high demand despite likely falling under the PLH model.

As 3-room and 5-room BTO flats are not available, this launch is likely to attract medium-sized households.

HDB’s resale statistics for Q4 2024 show that the median resale price for 4-room flats in Queenstown was $928,000, close to a million dollars. Buyers of new Tanglin Halt Courtyard Queenstown HDB BTO Feb 2024 flats have a good chance of enjoying attractive capital gains if they sell their flats close to the expiry of their Minimum Occupation Period (MOP), which in this case, will be at least 10 years under the PLH model.

Budgeting for Your Tanglin Halt Courtyard Queenstown February 2024 BTO Home Loan

HDB BTO February 2024 Queenstown unit type

Starting prices

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

$238,000

$47,600 downpayment, estimated $864 monthly mortgage repayments

$59,500 downpayment, estimated $903 monthly mortgage repayments

4-room

$565,000

$113,000 downpayment, estimated $2,051 monthly mortgage repayments

$141,250 downpayment, estimated $2,144 monthly mortgage repayments

The above estimate uses the starting prices of the Tanglin Halt Courtyard Queenstown February 2024 BTO launch as a guide. However, the actual price of your flat depends on your unit. The above examples do not include CPF Housing Grants.

In line with the September 2022 property cooling measures, the above example uses an interest rate of 2.6% and Loan-to-Value (LTV) ratio of 80% for the HDB loan example; and an interest rate of 3.4% and an LTV of 75% for the bank loan example.

The above calculations were made based on a 25-year loan. However, you should opt for a loan tenure in line with your financial situation. If you can take on higher monthly loan repayments, you can opt for a shorter loan.

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.

[AffordabilityCalculator][/AffordabilityCalculator]

Tanglin Halt Courtyard Queenstown BTO Amenities (HDB BTO February 2024 Launch)

Very Near an MRT Station

The Tanglin Halt Courtyard Queenstown Feb 2024 BTO project is located just five minutes from Commonwealth MRT station, which connects directly to Raffles Place in the CBD in just 12 minutes.

Attractive City Fringe Location

The Tanglin Halt Courtyard Queenstown Feb 2024 BTO project enjoys an attractive city fringe location, connecting easily by road to the CBD via Commonwealth Avenue.

Good Selection of Recreational and Dining Amenities

The Tanglin Halt Courtyard Queenstown Feb 2024 BTO project is located near many popular and established amenities such as Queenstown Swimming Complex and Stadium, Queenstown Public Library and dining hotspot Holland Village.

Redevelopment of Tanglin Halt Area Could Boost Investment Potential

The redevelopment of Tanglin Halt into a new housing estate will bring features such as an integrated hub with amenities like a hawker centre and polyclinic under one roof. This will not only increase the attractiveness of the area but could also boost investment potential.

Conclusion: Is Tanglin Halt Courtyard HDB February 2024 Queenstown BTO Worth Balloting for?

The Tanglin Halt Courtyard Queenstown Feb BTO 2024 project is ideal for those who wish to live in a popular mature estate in an excellent city fringe location. However, buyers should ensure they are fine with the flats falling under the PLH model.

Pros of Tanglin Halt Courtyard Queenstown February 2024 HDB BTO

  • Very near Commonwealth MRT station

  • Attractive city fringe location

  • Lots of good food and amenities in the area

  • Lots of good schools in the area

  • Redevelopment of the surrounding area might boost investment potential

Cons of Tanglin Halt Courtyard Queenstown February 2024 HDB BTO

  • Pricier than other HDB BTO Feb 2024 flats

  • Falls under the PLH model

  • 3-room flats and 5-room BTO flats are not available

Apply for a BTO Flat (2024)

Before applying for a flat in any BTO project, you must first apply for an HDB Flat Eligibility (HFE) letter. To apply for a BTO flat in the February BTO 2024 launch, you should make sure you have successfully been issued a valid HFE letter. HDB takes up to 21 working days to process applications but may face delays during busy periods such as BTO launch weeks.

Note that first-timer BTO applicants who reject a BTO offer will now be considered second-timer applicants for a whole year. If they go on to reject another BTO offer after a second BTO application, they will be barred from applying for BTO flats in the following year.

HDB scheme Family and Parenthood Priority Scheme (FPPS) has also replaced the Parenthood Priority Scheme (PPS). Under the new scheme, 40% of BTO flats in each sales exercise will be reserved for eligible people falling into a new subset of applicants, the First-Timer (Parents and Couples) category, or FT (PMC).

As an FT (PMC) applicant, if you are unsuccessful in two or more BTO applications in a non-mature estate, you will receive an additional chance in each subsequent BTO application. The rule was designed to assist applicants who have repeatedly failed to successfully apply for a BTO flat.

Applying for Tanglin Halt Courtyard Queenstown February 2024 HDB BTO Flats

Those who are still undecided about the Tanglin Halt Courtyard Queenstown February 2024 BTO flats, read about the other February 2024 BTO projects before applying below:

Alternatively, you can check out Sale of Balance Flats (SBF) units.

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

Looking for a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

Need help financing your latest property purchase? Let the mortgage experts at PropertyGuru Finance help you find the best deals.