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HDB BTO November 2022 Kallang/Whampoa Review: Excellent City Fringe Location With Lots of Recreational Options
Note: The November 2022 BTO launches have been released. Applications close on 1 December 2022, 11.59pm.
The HDB BTO Kallang/Whampoa launch is likely to be of great interest to many due to its excellent city fringe location in a mature estate. Called Kallang Horizon, the November 2022 launch is a small one, with 3 residential blocks ranging from 26 to 30 storeys and only 477 3-room and 4-room units up for grabs. Thus, strong competition for a limited number of flats is likely to be on the cards.
However, one factor that might deter prospective buyers is that the Kallang/Whampoa BTO launch falls under the Prime Location Public Housing (PLH) model.
HDB BTO Kallang/Whampoa 2022 November Map (Kallang Horizon)
Want to buy a home in Kallang/Whampoa but don’t want to have to wait for an HDB BTO flat? Browse the latest listings for Kallang/Whampoa resale flats on PropertyGuru.
Kallang Horion Kallang/Whampoa BTO Location (HDB BTO November 2022 Launch)
HDB BTO Kallang/Whampoa November 2022 | Kallang Horizon |
Address | Bounded by Lorong 1 Geylang and the Kallang MRT station |
Nearest MRT | Kallang |
Nearest bus interchange | – |
Nearest schools | Bendemeer Primary School, Bendemeer Secondary School |
Other nearby amenities | Geylang West Community Club, Upper Boon Keng Market and Food Centre, Jalan Besar Community Club, Kitchener Complex, Jalan Besar Stadium and Swimming Complex, Kallang Squash and Tennis Centre, Kallang Netball Centre, Singapore Sports Hub, Kallang Riverside Club |
The site of the Kallang/Whampoa BTO project is located at Lorong 1 Geylang, right next door to Kallang MRT station, with one side of the site running along the Kallang River, offering some residents scenic waterfront views.
The flats enjoy excellent connectivity thanks to the proximity of Kallang MRT and a bus terminal just across the road. There are several other MRT stations located within walking distance, including Lavender, Bendemeer and Geylang Bahru, which are all located a 15- to 17-minute walk away.
Other than a great city fringe location which offers easy access to the CBD, the Kallang Horizon BTO project is also near the Kallang sporting precinct with its many sports and recreational amenities like the Singapore Sports Hub.
As only 3-room and 4-room flats are available in this Kallang Horizon launch and there are not many schools in the immediate vicinity, this launch is likely to be most popular with smaller households or couples without kids.
Kallang Horizon Kallang/Whampoa BTO Price (HDB BTO November 2022 Launch)
Unit type | Kallang Horizon BTO Price (HDB BTO November 2022) | Previous Kallang/Whampoa BTO Price (HDB BTO February 2022) | Previous Kallang/Whampoa BTO Price (HDB BTO November 2021) | Median resale flat prices in the area |
3-room | From $335,000 | $353,000 to $462,000 | – | $390,000 |
4-room | From $509,000 | $488,000 to $675,000 | $511,000 to $660,000 | $778,400 |
With only 477 units on offer, the Kallang Horizon BTO project is likely to be oversubscribed. That said, as it falls under the PLH model, demand might be dampened somewhat.
Based on HDB’s resale statistics, in Q3 2022, the median resale price was $390,500 and $778,400 for 3-room and 4-room flats respectively. This does not seem high compared to the prices of past BTO launches and is due to most resale flats in the area being older flats without many years remaining on their leases.
New flats are likely to command much higher prices, particularly if they are sold soon after fulfilling their Minimum Occupation Period (MOP). In fact, it is possible for 4-room or 5-room flats to command prices of over $1 million, although it remains to be seen if the PLH model will depress resale prices moving forward.
Budgeting for Your Kallang/Whampoa November 2022 BTO Home Loan
You can expect to pay a premium for your Kallang Horizon BTO flat. Hence, it is very important to plan your finances and know how much you can afford before balloting for a flat.
HDB BTO November 2022 Kallang Horizon 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) |
3-room | $335,000 | $67,000 down payment; estimated $1,216 monthly mortgage repayments | $83,750 down payment; estimated $1,244 monthly mortgage repayments |
4-room | $509,000 | $101,800 down payment; estimated $1,847 monthly mortgage repayments | $127,250 down payment; estimated $1,891 monthly mortgage repayments |
In the table above, we have used the lowest starting price estimates, but your actual price will vary depending on the unit you select. All prices stated here exclude CPF housing grants.
In line with the September 2022 property cooling measures, we have used a 2.6% interest rate and 80% LTV for the HDB loan examples and a 3.4% interest rate and 75% LTV for the bank loan examples.
All examples have been worked out based on a 25-year loan. However, if you are able to pay more in monthly instalments, a shorter loan tenure will enable you to become debt-free sooner. These figures have been adjusted to follow the September 2022 cooling measures as well as current bank interest rates. At the time of writing (23 November 2022), the lowest interest rate offered is 3.38%.
To obtain a more precise estimate based on the details of your own loan, you can play around with our affordability calculator. For personalised guidance on home loans and financing, speak with one of our PropertyGuru Finance mortgage experts.
Kallang Horizon Kallang/Whampoa BTO Amenities (HDB BTO November 2022 Launch)
Right Next Door to Kallang MRT and Three Other MRT Stations Within Walking Distance
The BTO Kallang Horizon project’s location is unbeatable, with Kallang MRT located right next door and three other MRT stations, Lavender, Bendemeer and Geylang Bahru, located 15 to 17 minutes’ walk away.
City Fringe Location Offering Easy Access to the City Centre
Residents can reach Raffles Place in the CBD in four MRT stops on a ride that takes only nine minutes. Thanks to the proximity of the Kallang MRT station to the flats, residents could get to work in under 15 minutes.
Lots of Sporting and Recreational Facilities
With the Kallang sporting precinct not far away, residents can enjoy amenities like Kallang Squash and Tennis Centre, Kallang Netball Centre, Singapore Sports Hub, Kallang Riverside Club, and Kallang Wave Mall.
Good Food Options
Kallang is a mature estate with lots of established dining options. For instance, it is a stone’s throw from Geylang Road which is home to many famous local eateries.
Conclusion: Is the Kallang Horizon (HDB November 2022 Kallang/Whampoa BTO) Worth Balloting For?
The November 2022 Kallang/Whampoa Kallang Horizon launch offers an excellent city fringe location with a variety of food, sporting and leisure options. The flats are thus ideal for those who prioritise location and amenities.
Pros of Kallang Horizon (November 2022 Kallang/Whampoa HDB BTO)
Central location
Right next door to the MRT station
Many good food options
Many sporting and recreational facilities
Cons of Kallang Horizon (November 2022 Kallang/Whampoa HDB BTO)
Pricey
Falls under the PLH model
2-room Flexi and 5-room flats not available
Likely to see fierce competition for a limited number of flats
The Kallang Horizon launch consists of only 477 flats and is in a central location, which should contribute to it being heavily oversubscribed, even though it falls under the PLH model.
However, as there are no 2-room Flexi or 5-room flats in this launch, families with or who foresee having multiple children may turn to the Bukit Batok or Yishun launches instead.
Applying for November 2022 HDB BTO Flats
Not sure if you should ballot for the HDB BTO November 2022 Kallang/Whampoa flats? Read about the other BTO 2022 launches in November below:
Nov 2022 HDB BTO Launch Review: Bukit Batok, Kallang/Whampoa, Queenstown, Tengah, Yishun
HDB BTO November 2022 Bukit Batok Review: Verdant Greenery in the West of Singapore
HDB BTO November 2022 Queenstown Review: Attractive Mature Estate with Well-Loved Amenities
HDB BTO November 2022 Tengah Review: Brand New Estate Under Development
HDB BTO November 2022 Yishun Review: Tranquil Waterfront Living
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