HDB BTO Aug 2022 Jurong East Review: 5 Minute Walk from Upcoming JRL Stations

·8-min read
HDB BTO Aug 2022 Jurong East Review: 5 Minute Walk from Upcoming JRL Stations
HDB BTO Aug 2022 Jurong East Review: 5 Minute Walk from Upcoming JRL Stations

In the August HDB BTO 2022 launch, there will be flats from three non-mature estates up for grabs, namely Jurong East, Choa Chu Kang and Woodlands.

Of the three non-mature launches, the HDB BTO 2022 Jurong East flats are likely to be in the highest demand due to their location in an established neighbourhood that is slated to become Singapore’s second CBD and is also near the Jurong Lake District, which is under redevelopment.

Let’s take a look at the upcoming BTO launch in Jurong East.

HDB BTO August 2022 Jurong East BTO Map

Location of the upcoming August 2022 Jurong East BTO flats, bounded by Jurong East Street 42 and Bukit Batok Avenue 1. Source: HDB
Location of the upcoming August 2022 Jurong East BTO flats, bounded by Jurong East Street 42 and Bukit Batok Avenue 1. Source: HDB

Want to live in Jurong East without having to wait for an HDB BTO flat? Check out the latest Jurong East resale flat listings on PropertyGuru.

Jurong East HDB BTO Location (HDB BTO August 2022 Launch)

HDB BTO August 2022 Jurong East launch

TBA

Address

Jurong East Street 42, Bukit Batok Avenue 1

Nearest MRT

Toh Guan and Bukit Batok West (upcoming; Jurong Region Line); Jurong East (East West Line and North South Line)

Nearest bus interchange

Jurong East Bus Interchange

Nearest schools

Yuhua Community Club, Crescent Secondary School, Yuhua Primary School, Fuhua Primary School

Other nearby amenities

Jurong East Sports Centre, Bukit Batok Swimming Complex, Jurong Lake Gardens, The Chevrons

The Jurong East BTO Aug 2022 flats will be located in the Toh Guan area which is quite industrial. As such, the amenities in the area leave much to be desired.

Another drawback of the Jurong East HDB BTO 2022 project is that MRT connectivity is currently not the best. But this will only improve when the Toh Guan MRT station on the Jurong Region Line (JRL) opens in 2028. Considering BTO projects take three to five years to build, future residents will likely only have to put up with this inconvenience for three years at most.

Meanwhile, future residents should be prepared for one or two years of having to take a connecting bus to the nearest existing MRT stations, Chinese Garden and Jurong East, on the East West Line, or walk 18 to 20 minutes to the respective stations.

Despite the downsides of the immediate area surrounding the upcoming BTO 2022 flats, residents are still only about 20 minutes’ walk away from the Jurong East shopping district with its many popular malls such as Jcube, Westgate, and JEM.

One plus point is those who jog, cycle or like the outdoors will be pleased that the park connectors run very near the upcoming BTO 2022 site, giving them easy access to nature.

Jurong East HDB BTO Price (HDB BTO August 2022 Launch)

Unit type

Jurong East BTO Price (HDB BTO August 2022)

Previous Jurong East BTO Price (HDB BTO August 2021)

Median resale flat prices in the area

2-room Flexi

TBA

From $121,000

3-room

TBA

From $237,000

$339,000

4-room

TBA

From $347,000

$450,000

Although the upcoming BTO 2022 Jurong East launch will be more affordable than the launches in mature estates, it is still likely to be relatively expensive for a non-mature estate launch and could see high demand due to buyers hoping to capitalise on the development of Jurong East and the Jurong Lake District to enjoy a boost in property value.

The Jurong East HDB BTO 2022 launch will consist of about 560 2-room Flexi, 3-room and 4-room flats located at a site next to the Pan Island Expressway on Jurong East Street 24. Jurong East Central will run close to the flats.

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

As 5-room flats are not available, the HDB BTO 2022 Jurong East launch will likely attract interest from couples without kids or smaller families.

HDB’s resale statistics for Q1 2022 indicate that the median resale price for 4-room and 5-room flats was $339,000 and $450,000 respectively, indicating good capital gains after the expiry of the 5-year Minimum Occupation Period (MOP). Capital gains moving forward might be even more attractive due to the opening of the new MRT stations.

Budgeting for Your Jurong East August 2022 BTO Home Loan

The Jurong East BTO Aug 2022 flats are likely to be relatively expensive for flats in a non-mature estate, thus it is imperative to budget so you know how much you can afford.

Note: for now, we’ve used price estimates of how much we think the upcoming Jurong East 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

$180,000

$27,000 downpayment, estimated $694 monthly mortgage repayments

$45,000 downpayment, estimated $546 monthly mortgage repayments

3-room

$280,000

$42,000 downpayment, estimated $1,080 monthly mortgage repayments

$70,000 downpayment, estimated $850 monthly mortgage repayments

4-room

$400,000

$60,000 downpayment, estimated $1,542 monthly mortgage repayments

$100,000 downpayment, estimated $1,214 monthly mortgage repayments

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

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

All of these illustrations are based on a loan tenure of 25 years. However, if you can afford it, 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.

Jurong East BTO Amenities (HDB BTO August 2022 Launch)

Upcoming JRL MRT Station Could Yield Investment Potential

When the Jurong Region Line opens in 2028, the Jurong East BTO Aug 2022 flats will be within easy walking distance of two stations. This, together with the developments benefitting the Jurong East and Jurong West area, could bode well for investors who want a property that is in the heart of the Jurong Lake District.

Plus HDB flats near MRT stations tend to cost more, that’s known as the “MRT effect”.

Easy Access to Jurong East Shopping Area

The Jurong East HDB BTO 2022 flats are about 20 minutes’ walk from the Jurong East commercial district, which is populated by several malls including Westgate, JEM and Jcube. This can be very attractive for those who wish to enjoy a wealth of shops, restaurants and amenities without having to travel to the city centre.

Near Park Connectors

The upcoming BTO 2022 flats in Jurong East are close to park connectors which lead to Bukit Batok and Jurong East Central. This makes commuting in the area easy for those who travel by bicycle and can also be attractive to those who enjoy the outdoors.

Conclusion: Is the August 2022 Jurong East HDB BTO Worth Balloting for?

If you’re looking for a home with investment potential and are willing to wait a year or two for the new Jurong Region Line MRT stations to open, the upcoming BTO 2022 in Jurong East can be a good buy.

Pros of the August 2022 Jurong East HDB BTO

  • Relatively affordable

  • New MRT stations on the JRL opening nearby in 2028

  • Established non-mature estate with good amenities

  • Well-served by park connectors

  • Not far from Jurong East shopping area

Cons of the August 2022 Jurong East HDB BTO

  • 5-room flats not available

  • Not that near the city centre

Not sure if you should ballot for the HDB BTO Aug 2022 Jurong East flats? Read about the other BTO 2022 launches in August 2022 below:

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.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting