HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families

·8-min read
HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families
HDB BTO Aug 2022 Ang Mo Kio Review: Mature Estate Launch Suitable For Large Families

The May 2022 BTO exercise has concluded and now we’re looking ahead to the August 2022 HDB BTO launch! Three of the six estates in the upcoming BTO launch are mature estates, including Bukit Merah, Tampines and Ang Mo Kio.

As the Bukit Merah flats are likely to fall under the Prime Location Public Housing (PLH) model, those seeking a city fringe home that is unrestricted by PLH rules will likely look at these August 2022 Ang Mo Kio BTO flats.

The upcoming BTO 2022 Ang Mo Kio launch site is located less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Raffles Place in the CBD without having to change lines. The good connectivity, as well as the location in a popular mature estate, is likely to make these flats highly sought-after.

HDB BTO August 2022 Ang Mo Kio BTO Map

Location of the upcoming Aug 2022 Ang Mo Kio BTO flats, bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3. Source: HDB
Location of the upcoming Aug 2022 Ang Mo Kio BTO flats, bounded by Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, and Ang Mo Kio Central 3. Source: HDB

Want to live in Ang Mo Kio without having to wait for an HDB BTO flat to be built? Check out the latest Ang Mo Kio resale flat listings on PropertyGuru.

Ang Mo Kio HDB BTO Location (HDB BTO August 2022 Launch)

HDB BTO Aug 2022 Ang Mo Kio launch

TBA

Address

Ang Mo Kio Avenue 8, Ang Mo Kio Central 2, Ang Mo Kio Central 3

Nearest MRT

Ang Mo Kio (North South Line; upcoming Cross Island Line)

Nearest bus interchange

Ang Mo Kio Bus Interchange

Nearest schools

Mayflower Primary School, Anderson Secondary School, Jing Shan Primary School, Anderson Serangoon Junior College, Yio Chu Kang Secondary School, Nanyang Polytechnic, Presbyterian High School, ITE College Central

Other nearby amenities

Ang Mo Kio Public Library, Cheng San Community Club, Yio Chu Kang Squash & Tennis Centre, Yio Chu Kang Swimming Complex, Yio Chu Kang Stadium

The HDB BTO Aug 2022 Ang Mo Kio site will be located on Ang Mo Kio Avenue 8, bounded by Ang Mo Kio Central 2 and Ang Mo Kio Central 3.

Ang Mo Kio is a popular mature estate that is considered to be located on the city fringe. Residents will be less than 10 minutes’ walk from Ang Mo Kio MRT station, which connects directly to Orchard and Raffles Place MRT stations in 6 stops and 10 stops, respectively.

The upcoming BTO 2022 Ang Mo Kio flats enjoy quite a good location in the neighbourhood, with amenities such as Ang Mo Kio Public Library and two parks within easy walking distance.

Families with kids can also enjoy a wide range of schools in the area, from primary schools to junior college or poly. Some notable schools include Anderson Secondary School, Anderson Serangoon Junior College and Nanyang Polytechnic.

Ang Mo Kio HDB BTO Price (HDB BTO August 2022 Launch)

Unit type

Ang Mo Kio BTO Price (HDB BTO August 2022)

Previous Ang Mo Kio BTO Price (HDB BTO August 2020)

Previous Ang Mo Kio BTO Price (HDB BTO November 2019)

Median resale flat prices in the area

2-room Flexi

TBA

$170,000 – $253,000

4-room

TBA

$423,000 – $550,000

$451,000 – $563,000

$475,000

5-room

TBA

$571,000 – $725,000

$702,500

3Gen

TBA

The Ang Mo Kio BTO Aug 2022 project is likely to be priced at a premium since Ang Mo Kio is in a city fringe mature estate.

The Ang Mo Kio August 2022 BTO launch consists of 890 2-room Flexi, 4-room, 5-room and 3Gen flats. The availability of larger flat types makes it suitable for bigger or multi-generational households. The availability of schools in the area also makes it suitable for families with multiple children.

This is not a particularly big launch, so these upcoming BTO flats in Ang Mo Kio are likely to be heavily oversubscribed. And unlike the Aug 2022 Bukit Merah HDB BTO launch, the Ang Mo Kio Aug 2022 HDB BTO launch is unlikely to fall under the PLH model, which is likely to boost demand even further.

Related article: Types of HDB BTO Flats Available for Selection in Singapore’s BTO Sale Launches (2022)

HDB’s resale statistics for Q1 2022 indicate that the median resale price for 4-room and 5-room flats in Ang Mo Kio was $475,000 and $702,500 respectively. These lower-than-expected prices are likely due to many of the Ang Mo Kio resale flats being older flats.

Future residents of this batch of August 2022 BTO flats can expect attractive capital gains should they choose to sell their property after the Minimum Occupation Period (MOP) is over.

Budgeting for Your Ang Mo Kio August 2022 BTO Home Loan

The HDB BTO Aug 2022 Ang Mo Kio launch is likely to be priced at a premium, so you should plan your finances and budget for your new home prior to balloting.

Note: for now, we’ve used price estimates of how much we think the upcoming Ang Mo Kio August 2022 HDB BTO flats will cost. On the day of the release, prices and calculations will be updated accordingly.

HDB BTO August 2022 unit type

Price

If you take an HDB loan (at 2.6%, 85% LTV)

If you take a bank loan (at 1.6% p.a., 75% LTV)

2-room Flexi

$250,000

$37,500 downpayment, estimated $964 monthly mortgage repayments

$62,500 downpayment, estimated $759 monthly mortgage repayments

4-room

$550,000

$82,500 downpayment, estimated $2,121 monthly mortgage repayments

$137,500 downpayment, estimated $1,679 monthly mortgage repayments

5-room

$700,000

$105,000 downpayment, estimated $2,699 monthly mortgage repayments

$175,000 downpayment, estimated $2,124 monthly mortgage repayments

In the above table, we have used estimates based on past HDB BTO launches, but your actual price will depend on the indicative pricing as well as the unit you select. All prices here do not take into account CPF housing grants.

For the purposes of this illustration, we’ve assumed an interest rate of 2.6% and an LTV of 85%, adjusted based on the property cooling measures implemented in Dec 2021. For the bank loan, we’ve gone on the basis of an interest rate of 1.6% and an LTV of 75%.

All of these illustrations are based on a loan tenure of 25 years. If you can afford to pay more per month, you can opt for a shorter loan tenure to pay off your loan faster.

If you need a more precise estimate, use our affordability calculator to calculate how much you will need to pay. If you require personalised assistance with financing and home loans, feel free to contact one of our PropertyGuru Finance mortgage experts.

Ang Mo Kio BTO Amenities (HDB BTO August 2022 Launch)

Attractive City Fringe Location

Although not as central as some other city fringe neighbourhoods, the HDB BTO Aug 2022 Ang Mo Kio site is still considered an attractive location that offers easy access to the city centre, whether via public transport or car.

Via the CTE, the drive to Raffles Place takes about 25 minutes, while the drive to Orchard Road can be completed in under 22 minutes.

Good Connectivity via Ang Mo Kio MRT Station and Bus Interchange

Another attractive feature of the upcoming BTO 2022 Ang Mo Kio launch is its proximity to the nearest MRT station, Ang Mo Kio. Via the North South Line, the journey to Orchard Road can be completed in 16 minutes, while the ride to Raffles Place MRT station takes 25 minutes.

Good Selection of Schools in the Area

The availability of a wide variety of schools in the area can make the Ang Mo Kio Aug 2022 HDB BTO launch an attractive option for families with kids. Primary schools, secondary schools, a JC, a polytechnic and an ITE college are located an easy commute from the HDB BTO 2022 site.

Conclusion: Is the August 2022 Ang Mo Kio HDB BTO Worth Balloting for?

If you are able to afford the high prices, the Ang Mo Kio August 2022 HDB BTO launch offers the chance to live in an attractive mature estate that enjoys good connectivity to the city centre.

Pros of the August 2022 Ang Mo Kio HDB BTO

  • Attractive mature estate location

  • Walking distance to Ang Mo Kio MRT station on North South Line

  • Bigger flat types are available

  • Lots of schools in the area

  • Near two parks

Cons of the August 2022 Ang Mo Kio HDB BTO

  • Expensive

  • 3-room flats not available

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

Are you looking to buy a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

Already found a new home? Let PropertyGuru Finance’s home finance advisors help you with financing it.

This article was written by Joanne Poh. A former real estate lawyer, she writes about property and personal finance and spends her free time compulsively learning languages and roller skating in carparks.

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