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HDB BTO February 2023 Tengah Review: Affordable Flats in New Housing Estate

HDB BTO February 2023 Tengah Review: Affordable Flats in New Housing Estate
HDB BTO February 2023 Tengah Review: Affordable Flats in New Housing Estate

Located to the west of Bukit Batok, Tengah is an up-and-coming area that is being built from the ground up, which explains the frequency of BTO launches in the area of late. It might be accurate to say Tengah is basically the ‘new’ Punggol.

In the February 2023 BTO exercise, there will be yet another launch in Tengah, featuring about 1,640 2-room Flexi, 3-room, 4-room and 5-room flats. The ample supply and the fact that Tengah is still under development means these flats are likely to be easy to ballot for and affordable.

Upcoming February 2023 Tengah BTO Map

Location of the upcoming Tengah HDB BTO Feb 2023 flats, bounded by Brickland Rise and Brickland Crescent. Source: HDB
Location of the upcoming Tengah HDB BTO Feb 2023 flats, bounded by Brickland Rise and Brickland Crescent. Source: HDB

Want to buy a home in the Tengah area but don’t want to have to wait for an HDB BTO flat? Browse HDB flats for sale in Jurong West on PropertyGuru.

Tengah BTO Location (HDB BTO February 2023 Launch)

HDB BTO Tengah February 2023

 TBA

Address

Tengah Boulevard, Brickland Crescent, Brickland Rise

Nearest MRT

Choa Chu Kang West (u/c)

Nearest bus interchange

Bukit Batok

Nearest schools

Choa Chu Kang Primary School, Concord Primary School, Dunearn Secondary School, St Anthony’s Primary School

Other nearby amenities

Keat Hong Shopping Centre

The upcoming Tengah BTO site is located on Tengah Boulevard, Brickland Crescent and Brickland Rise in the currently under-construction Tengah neighbourhood. A Jurong Region Line (JRL) MRT station, Choa Chu Kang West (expected to open in 2027), will be located within walking distance.

Despite the availability of an MRT station within walking distance, Tengah’s location is still quite far away from the city centre, making it more convenient for those who can work from home or whose work places are in the west.

The government has big plans to turn Tengah into a sustainable housing estate with Singapore’s first car-free town centre. However, it is going to take time for the neighbourhood to grow and develop, hence residents should steel themselves for years of construction and a lack of long-standing amenities.

The Tengah February 2023 BTO site is located in the southeast of Tengah. This is actually a good location within Tengah as it is relatively near more established neighbourhoods Bukit Batok to the east and Jurong East to the south. This could be pivotal for future residents in the early years as they wait for amenities in the area to establish themselves.

Tengah BTO Price (HDB BTO February 2023 Launch)

Unit type

BTO price (HDB BTO February 2023)

Previous Tengah BTO Price (HDB BTO November 2022)

Previous Tengah BTO Price (HDB BTO February 2022)

2-room Flexi

TBA

From $111,000

$132,000 to $182,000

3-room

TBA

From $214,000

$231,000 to $273,000

4-room

TBA

From $307,000

$309,000 to $403,000

5-room

TBA

From $427,000

$420,000 to $525,000

With about 1,640 units up for grabs, it should be fairly easy to successfully ballot for a flat in Tengah in the February 2023 BTO exercise, especially as there were Tengah launches in two prior BTO exercises in 2022.

There are no resale statistics for Tengah as it is a new non-mature estate still undergoing development. However, new flats in Tengah are a bargain, hence it is likely they will enable owners to earn a tidy profit if they sell them soon after they fulfil their Minimum Occupation Period (MOP).

Budgeting for Your Tengah February 2023 BTO Home Loan

The Tengah February 2023 BTO flats are going to be affordable starter homes, but that doesn’t mean you don’t need to plan your finances and work out how much you can afford.

HDB BTO February 2023 Tengah unit type

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

$130,000

$26,000 down payment, estimated $472 monthly mortgage repayments

$32,500 down payment, estimated $483 monthly mortgage repayments

3-room

$250,000

$50,000 down payment, estimated $907 monthly mortgage repayments

$62,500 down payment, estimated $929 monthly mortgage repayments

4-room

$350,000

$70,000 down payment, estimated $1,270 monthly mortgage repayments

$87,500 down payment, estimated $1,300 monthly mortgage repayments

5-room

$450,000

$90,000 down payment, estimated $1,633 monthly mortgage repayments

$112,500 down payment, estimated $1,672 monthly mortgage repayments

We have gone with starting price estimates based on previous BTO launches, but the actual price will vary based on the indicative pricing and the unit you are allocated. All prices indicated above exclude CPF housing grants.

In order to provide you with a more accurate estimate, we have used an interest rate of 2.6% and an LTV of 80% for HDB loans and an interest rate of 3.4% and an LTV of 75% for bank loans. These figures are in line with current bank interest rates as well as the September 2022 cooling measures.

All of the above examples are based on a 25-year loan. If you have the means to make higher monthly loan repayments, you can opt for a shorter loan tenure in order to fully repay the loan earlier.

Need more precise figures tailored to your situation? Play around with our affordability calculator to get a better idea of how much you can afford based on your current financial situation. You can also speak with a PropertyGuru Finance mortgage expert for free advice on your unique situation.

Tengah BTO Amenities (HDB BTO February 2023 Launch)

Near a Future MRT Station

The future Choa Chu Kang West MRT station will be located within walking distance of the Tengah February 2023 BTO project.

Near More Established Neighbourhoods

Tengah might take some years to develop into an established neighbourhood. In the meantime, future residents can travel to nearby Bukit Batok and Jurong East, which are established non-mature estates with a good range of amenities.

Green and Sustainable Environment

The government intends to develop Tengah into a sustainable neighbourhood with lots of greenery, community gardens and Singapore’s first car-free town centre.

Electric Vehicle Carparks

Tengah will be well-placed to handle the government’s plans to phase out petrol cars, as selected lots in all car parks in the estate will have electric vehicle charging points.

Conclusion: Is the HDB February 2023 Tengah BTO Worth Balloting For?

The February 2023 Tengah BTO flats will be affordable, making them a relatively inexpensive option for households on a budget. However, as Tengah is still under heavy development, households must be prepared to deal with construction and have the patience to wait for amenities to establish themselves in the years after moving in.

Pros of the Feb 2023 BTO Tengah Launch

  • Affordable price

  • Walking distance to upcoming MRT station

  • Near neighbouring housing estates with better amenities

  • Green neighbourhood

  • Large supply of units available

Cons of the Feb 2023 BTO Tengah Launch

  • Estate under construction

  • Lack of established amenities

  • Far from the city centre

Applying for February 2023 HDB BTO Flats

Not sure if you should ballot for the HDB BTO February 2023 Tengah flats? Read about the other BTO 2023 launches in February below:

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.