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HDB BTO November 2022 Yishun Review: Tranquil Waterfront Living
Note: The November 2022 BTO launches have been released. Applications close on 1 December 2022, 11.59pm.
Forget those jokes about Yishun. In this Yishun BTO November 2022 launch, there are not one, or two, but three sites located in the northern non-mature estate. This is the third BTO launch taking place in Yishun this year, with previous ones taking place in February and May 2022.
This time around, there will be 2,994 units up for grabs across all flat types from 2-room Flexi to 5-room units. This is a large supply, but considering the previous launches in the area were oversubscribed, it seems there are actually many people who want to live in Yishun.
HDB BTO Yishun 2022 November Map
Want to buy a home in Yishun but don’t want to have to wait for an HDB BTO flat? Browse the latest listings for Yishun resale flats on PropertyGuru.
BTO Yishun Nov 2022 Location
BTO Yishun 2022 November | Vanda Breeze @ Yishun / Aranda Breeze @ Yishun / Miltonia Breeeze @ Yishun |
Address | Bounded by Yishun Avenue 1, Yishun Street 53, and Yishun Avenue 10 / Bounded by Yishun Avenue 1 and Yishun Street 53 / Bounded by Miltonia Close, Yishun Avenue 1 and Yishun Avenue 10 |
Nearest MRT | Khatib |
Nearest bus interchange | Yishun, Khatib |
Nearest schools | Northbrooks Secondary school, Northland Primary School, North View Primary School, Chung Cheng High School (Yishun), Huamin Primary School, Naval Base Primary School, Orchid Park Secondary School |
Other nearby amenities | Yishun Mall, Wisteria Mall, Yishun Park Hawker Centre, Khoo Teck Puat Hospital, Yishun Community Hospital |
Although there are three different sites in Yishun being launched, they are actually very close to each other.
The three BTO Yishun 2022 sites overlook Orchid Country Club’s golf course and the Lower Seletar Reservoir. Yishun Dam is not far away and can be reached easily by bicycle. They are hence ideal for applicants looking for scenic views and a quiet environment.
Note: the land that the golf course sits on is marked as a ‘Reserve Site’ on URA Space. That means your unblocked views are not guaranteed. But judging from the gross plot ratio of other land parcels in the area, it’s unlikely buildings constructed on the waterfront (if any) will be too tall.
However, this tranquillity comes at a price, as the Yishun town centre with key amenities like Northpoint City and Yishun Public Library is not accessible by foot.
That said, there are quite a lot of schools in the vicinity, including Chung Cheng High School (Yishun), which is good news for families with young children.
The biggest drawback to the BTO Yishun 2022 sites is their distance to the city centre and public transport connectivity. The nearest MRT stations, Khatib and Yishun, are located about half an hour’s walk away, so most residents who rely on public transport will have to take a bus there.
Yishun BTO Price (HDB BTO November 2022 Launch)
Unit type | Yishun BTO Price (HDB BTO November 2022) | Previous Bukit Yishun BTO Price (HDB BTO May 2022) | Previous Yishun BTO Price (HDB BTO February 2022) | Median resale flat prices in the area |
2-room Flexi | From $84,000 | $123,000 to $184,000 | $102,000 to $145,000 | – |
3-room | From $175,000 | – | $180,000 to $248,000 | $362,000 |
4-room | From $248,000 | $328,000 to $418,000 | $270,000 to $362,000 | $473,000 |
5-room | From $366,000 | $485,000 to $595,000 | $385,000 to $485,000 | $608,000 |
With a total of 2,994 available units, there’s plenty to go around when applicants submit their ballots. However, it should be noted that previous launches in Yishun were oversubscribed, so expect some competition.
HDB’s resale statistics for Q3 2022 indicate that the median resale price for flats in Yishun was $362,000, $473,000 and $608,000 for 3-, 4-, and 5-room flats respectively.
If you do score a flat in the Yishun BTO 2022 launch, you can expect a decent return should you decide to sell your flat after the Minimum Occupation Period (MOP) has been fulfilled. Of course, this is subject to market conditions.
Budgeting for Your Yishun BTO November 2022 Home Loan
The BTO Yishun Nov 2022 flats are relatively affordable, but you should still plan your finances and be clear on how much you can afford to pay before balloting for a flat.
Yishun BTO November 2022 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 | $84,000 | $16,800 down payment; estimated $305 monthly mortgage repayments | $21,000 down payment; estimated $312 monthly mortgage repayments |
3-room | $175,000 | $35,000 down payment; estimated $635 monthly mortgage repayments | $43,750 down payment; estimated $650 monthly mortgage repayments |
4-room | $248,000 | $49,600 down payment; estimated $900 monthly mortgage repayments | $62,000 down payment; estimated $921 monthly mortgage repayments |
5-room | $366,000 | $73,200 down payment; estimated $1,328 monthly mortgage repayments | $91,500 down payment; estimated $1,360 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.
For the above examples, we’ve gone with an interest rate of 2.6% and an LTV of 80% for HDB loans, an interest rate of 3.4% and an LTV of 75% for bank loans. 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%.
All examples go on the basis of a 25-year loan, but you can opt for a shorter loan if you are able to take on higher monthly instalments.
Check out PropertyGuru’s affordability calculator in order to obtain a more precise estimate for your own home loan. If you are looking for personalised advice about your home loan, feel free to speak with one of our PropertyGuru Finance mortgage experts.
Yishun BTO Nov 2022 Amenities
Close to Nature
The Yishun Nov BTO 2022 flats overlook Orchid Country Club’s golf course and the Lower Seletar Reservoir. Yishun Dam is not far away, and there are plans to build a small park next to the BTO sites.
Nature lovers or those who enjoy taking an evening walk by a body of water will appreciate living near these amenities.
Many Schools Nearby
There are many schools in the vicinity, including Chung Cheng High School (Yishun), Northbrooks Secondary School, Naval Base Primary School, and Orchid Park Secondary School, just to name a few.
Conclusion: Is Yishun Nov BTO 2022 Worth Balloting For?
With a large supply of flats up for grabs, the three Yishun Nov BTO 2022 projects can be attainable for those looking to buy an affordable starter home. However, the relative inaccessibility to the nearest MRT stations might push some to look elsewhere.
Pros of Yishun Nov BTO 2022
Affordable
Large supply of flats
Various flat types available, from 2-room Flexi to 5-room units
Surrounded by nature
Many schools nearby
Cons of Yishun Nov BTO 2022
Not within walking distance of MRT stations
Far from the city centre
Not many shopping and food options
With 2,994 units across three BTO Yishun 2022 sites, the launch is a big one, which could make getting allocated a flat easier. As Yishun is a non-mature estate far away from the city centre and the location of the Yishun BTO 2022 sites are not near any MRT stations, the flats are affordably priced.
A full range of flat sizes from 2-room to 5-room is available, making the Yishun BTO Nov 2022 launch a possibility for households of all sizes. The launch is best suited to those who are looking for a tranquil suburban home close to nature. Those who work from home and like outdoor activities would be ideal candidates.
Applying for November 2022 HDB BTO Flats
Not sure if you should ballot for the Yishun BTO Nov 2022 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
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