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May 2023 BTO Bedok Review: 10-minute Walk from Tanah Merah MRT
Note: The May 2023 BTO launches have been released. The application deadline has been extended and will close on 8 June 2023, 11.59pm.
As they say, my heart goes “Bedok, Bedok” – this Bedok May 2023 BTO project will surely have that effect.
Not only is it a rare one – the last Bedok BTO project was announced seven years ago in 2016 – but it’s also a big BTO 2023 launch, comprising 1,640 units across all flat types, from 2-room Flexi to 5-room, and even 3-Gen flats!
The May 2023 Bedok BTO site has a fantastic location, being close to Tanah Merah MRT station and various amenities that cater to families (yes, including choice schools, a community centre and parks!). Did we mention it’s close to Bedok 85 Fengshan Food Centre? Read on to find out more.
Not Sure How to Apply for a BTO Flat in Singapore? Watch our Video
PS: Don’t forget to have at least submitted your preliminary HFE letter before applying. Read more about the HDB Flat Eligibility (HFE) letter.
Bedok South Blossoms May 2023 BTO Bedok Map
Bedok South Blossoms Bedok BTO Location (HDB BTO May 2023 Launch)
Name of the Bedok HDB BTO May 2023 project | Bedok South Blossoms |
Address | Bounded by Bedok South Road and Bedok South Avenue 3 |
Types of BTO flats available | 2-room Flexi, 3-room, 4-room, 5-room, and 3Gen flats |
Nearest MRT station | Tanah Merah MRT station |
Nearest amenities | Siglap Community Club, Bedok ActiveSG Stadium, Bedok ActiveSG Swimming Complex, Bedok Public Library, Bedok Interchange Hawker Centre, Bedok Mall, and Djitsun Mall Bedok |
Nearby schools | Anglican High School, Bedok Green Primary School, Bedok Green Secondary School, Bedok View Secondary School, Fengshan Primary School, Red Swastika School, St. Anthony’s Canossian Primary School, Temasek Junior College (TJC), Temasek Primary School, Temasek Secondary School, and Yu Neng Primary School |
Just around the corner from the Bedok BTO May 2023 site is Tanah Merah MRT on the East-West Line (EWL), which is about a 10-minute walk away. Other MRT stations around the upcoming BTO 2023 site include Bedok MRT station, along the EWL, and Bedok Reservoir and Bedok North MRT stations, both on the Downtown Line.
There are also two schools in the immediate vicinity of the Bedok South Blossoms BTO 2023 site (a secondary school and a special education school), with a primary school and even a junior college just slightly further afield.
Just one stop away is the bustling Bedok town centre, with its shopping malls, integrated transport hub, community facilities, hawker centres, and more. It’s great to live close to the heart of the estate, but yet far enough to enjoy the peace and quiet over at the Tanah Merah area (where more condos are). By the way, hot supper spot Simpang Bedok is also a stone’s throw away, as well as the famed Bedok 85 Fengshan Food Centre and Market.
For those who enjoy staying active, a couple of park connectors are within easy reach of the Bedok South Blossoms BTO 2023 Bedok launch. It’s a great opportunity to take the bicycle or skate scooter out for a spin, and for the whole family to hit the park for a stroll or jog around the scenic Bedok Reservoir.
Bedok HDB BTO Price (HDB BTO May 2023 Launch)
Unit type | Bedok South Blossoms BTO price (HDB BTO May 2023) | Previous Bedok BTO price (HDB BTO November 2016) | Previous Bedok BTO price (HDB BTO May 2016) | Median resale flat prices in the area (Q1 2023) |
2-room Flexi flat | From $165,000 | From $135,000 | N/A | – |
3-room flat | From $320,000 | $276,000 to $308,000 | $272,000 to $318,000 | $380,000 |
4-room flat | From $448,000 | $407,000 to $527,000 | $408,000 to $467,000 | $486,000 |
5-room flat | From $588,000 | $503,000 to $578,000 | – | $660,000 |
3Gen flat | From $605,000 | – | – | – |
When was the last time a 3Gen was launched in Bedok? Hint: never. We’re betting that the availability of larger flat types will this Bedok May 2023 BTO project a popular one. So while there are 1,640 units up for grabs, we feel that there is no guarantee Bedok South Blossoms will be easy to ballot for.
Also, Bedok South Blossoms has good public transport links, nearby amenities, and a range of living units that are well-suited for everyone (from seniors to young couples and big families).
According to the HDB’s Q1 2023 resale statistics, the median resale price of 3-room flats was $380,000. For 4-room flats, it was $486,000; for 5-room flats, it was $660,000.
These resale prices are higher than the price of recent BTO flats – an indication that flats in the area can offer good investment potential, especially if they are sold soon after they have fulfilled their Minimum Occupation Period (MOP). Of course, this is subject to market conditions.
The resale flat information for 3Gen flats is unknown due to the lack of 3Gen flats sold in Bedok. But when the MOP for these flats is fulfilled, it will be interesting to see how many families might consider selling their freshly MOP-ed units.
Budgeting for Your Bedok May 2023 BTO Home Loan
Buying a property is a big financial decision, so it’s always good to budget before throwing in your ballot for a Bedok South Blossoms unit. Here is an estimate of how much to budget for the Bedok May 2023 BTO flats.
Bedok May 2023 BTO flat type | Price | If you take an HDB loan (at 2.6% p.a., 80% LTV) | If you take a bank loan (at 3.5% p.a., 75% LTV) |
2-room Flexi flat | $165,000 | $33,000 down payment, estimated $599 monthly mortgage repayments | $41,250 down payment, estimated $620 monthly mortgage repayments |
3-room flat | $320,000 | $64,000 down payment, estimated $1,161 monthly mortgage repayments | $80,000 down payment, estimated $1,202 monthly mortgage repayments |
4-room flat | $448,000 | $89,600 down payment, estimated $1,626 monthly mortgage repayments | $112,000 down payment, estimated $1,682 monthly mortgage repayments |
5-room flat | $588,000 | $117,600 down payment, estimated $2,134 monthly mortgage repayments | $147,000 down payment, estimated $2,208 monthly mortgage repayments |
3Gen | $605,000 | $121,000 down payment, estimated $2,196 monthly mortgage repayments | $151,250 down payment, estimated $2,272 monthly mortgage repayments |
In the table above, we have used the lowest starting prices, but your actual price will vary depending on the unit you select. All prices stated here exclude CPF housing grants.
We have used an interest rate of 2.6% and a Loan-to-Value (LTV) limit of 80% for the HDB loan examples and an interest rate of 3.4% and an LTV of 75% for the bank loan examples. The above examples go on the basis of a 25-year loan. However, if you can make higher monthly repayments, you may want to opt for a shorter loan.
For a more accurate estimate appropriate to your situation, you can use PropertyGuru’s affordability calculator. You can also chat with a PropertyGuru Finance Mortgage Expert for personalised advice on home loans and financing.
Bedok BTO Amenities (HDB BTO May 2023 Launch)
Walking Distance to Tanah Merah MRT Station
The Bedok BTO May 2023 flats are about a 10-minute walk to Tanah Merah MRT station on the EWL. This connects to the Central Business District (CBD) directly. For those who work in industrial areas, the Kaki Bukit area and Changi Business Park are also accessible.
Abundant Nature Trails and Parks Nearby
There are also a couple of park connectors just short bus rides away, including Bedok Reservoir for a scenic jog or stroll.
Many Schools in the Vicinity
Speaking of families, there are various schools for children of different school-going ages close by. Being able to travel to school by foot, or have school be a short bus ride away will save them precious sleep time in the mornings as well!
Bustling Town Centre Close By
Bedok, a bustling town centre with all the amenities you could ever need, is one MRT station away. This includes an active ageing centre, a swimming complex, a public library, and more.
Food Paradise Galore
Easties will testify that there’s always good food around them. Bedok is one of the best places to be a foodie, as you’re close to Simpang Bedok, Bedok 85, and the trendy Katong area.
Conclusion: Is the Bedok May BTO 2023 Project Worth Balloting For?
Yes, yes, and yes! Especially if you love staying in the East. However, do note that competition will likely be stiff, especially for the larger units. So, it may be advisable to apply without the expectation that you will 100% secure a ballot, and you’ll be good to go!
Pros of the Bedok May BTO 2023 Project Launch
A relatively large supply of flats
Various BTO unit types available, from 2-room Flexi to 3Gen flats
A large number of nature trails and parks around
Many choice schools nearby
Walking distance to an MRT station (with other MRT stations in the area too)
Cons of the Bedok May BTO 2023 Project Launch
Likely to see stiff competition
Slightly far from the city centre
Being situated in a mature HDB estate, the May 2023 Bedok BTO flats are a great pick for just about anyone, especially if you work at the Expo or need to commute to the airport frequently. The 3Gen flats offered will be a big draw too, especially for families.
Do you want to buy a home in Bedok but don’t want to wait for an HDB BTO flat? Browse Bedok HDB resale flats on PropertyGuru.
Applying for May 2023 BTO Flats
Not sure if you should ballot for the Bedok May 2023 BTO flats? You could either go for a Sale of Balance Flats (SBF) unit or read about the other upcoming BTO launches for May 2023 before applying below:
HDB BTO May 2023 Launch Review: Bedok, Kallang/Whampoa, Serangoon, and Tengah
May 2023 BTO Kallang/Whampoa Review: Central Location in Little India
May 2023 BTO Serangoon Review: First Launch in Almost a Decade, Near Serangoon Gardens Estate
May 2023 BTO Tengah Review: A Win for Both Drivers and Public Transport Commuters
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