Three out of five estates in the HDB BTO May 2022 launch are mature towns, which means that bargain-hunters will not have too many options. Prices are not out yet, but the most affordable launch site will probably be Yishun.
The upcoming Yishun HDB BTO launch, which comprises about 640 2-room Flexi, 4-room and 5-room flats, will occupy a fairly central location in the estate, within walking distance of Yishun MRT station, Yishun Bus Interchange and the area’s main mall, Northpoint City.
In other words, although residents will be living in a suburban neighbourhood, they will enjoy reasonably good connectivity to the city centre. This could potentially offer a decent compromise between cost and location. Read on to find out more.
Update: Have you heard? There’s an upcoming HDB BTO project in Farrer Park where you can look forward to enjoying the central location and amenities. About 1,660 HDB BTO flats will be built on the site and launched in the next three years!
Upcoming HDB BTO: HDB BTO May 2022 Yishun BTO Map
Want to live in Yishun without having to wait for an HDB BTO flat? Check out the latest Yishun resale flat listings on PropertyGuru.
Upcoming HDB BTO: Yishun BTO Location (HDB BTO May 2022 launch)
HDB BTO May 2022 Yishun
Bounded by Yishun Central, Yishun Avenue 2, Yishun Central 1, Yishun Central 2
Nearest bus interchange
Yishun Bus Interchange
Naval Base Secondary School, Chung Cheng High School (Yishun), Northland Primary School, Huamin Primary School, Jiemin Primary School, Yishun Secondary School, Yishun Innova Junior College
Other nearby amenities
Yishun Swimming Complex, Yishun Community Hospital, Khoo Teck Puat Hospital, Northpoint City, Yishun Pond Park, Yishun Park, Yishun Park Hawker Centre, SAFRA Yishun, Wisteria Mall
The May 2022 BTO Yishun project will be located along major road Yishun Avenue 2, which leads to Yishun MRT station and Northpoint City. It will be bounded on the other sides by Yishun Avenue 2, Yishun Central 1 and Yishun Central 2.
Despite Yishun being one of the farther-flung neighbourhoods in Singapore, residents will find their commuting time mitigated by the convenient location of the BTO site about 9 minutes’ walk from Yishun MRT station and Bus Interchange. Yishun MRT offers a direct connection via the North South Line to Raffles Place in 35 minutes.
The BTO site is also located very near to quite a few amenities, including Yishun Swimming Complex, Yishun Community Hospital, Khoo Teck Puat Hospital and the scenic Yishun Pond Park and Yishun Park.
The Khatib-Bongsu Park Connector runs right by the BTO site, and can take runners and cyclists all the way to the sea in the Sembawang area. Hence, the location is actually ideal for those who like to spend time outdoors.
Upcoming HDB BTO: Yishun BTO Price (HDB BTO May 2022 Launch)
Yishun BTO Price (HDB BTO May 2022)
Previous Yishun BTO Price (HDB BTO Feb 2022)
Previous Yishun BTO Price (HDB BTO Nov 2018)
Median resale flat prices in the area
$95,000 to $149,000
$270,000 to $374,000
$259,000 to $304,000
$385,000 to $490,000
$346,000 to $393,000
The Yishun launch will probably be the most affordable one in the May 2022 BTO exercise. As Yishun is a non-mature estate quite a distance from the city centre, flats there are usually quite easy to ballot for, although the proximity to Yishun MRT and the fact that there are only 640 units up for grabs might make competition a little stiffer this time round.
With only 2-room Flexi, 4-room and 5-room flats available, the Yishun launch is likely to appeal to families with kids and larger households. You should budget over $400,000 for a 4-room flat.
HDB’s resale statistics for Q1 2022 indicate that the median resale price for 4-room and 5-room flats was $450,000 and $582,500 respectively, indicating decent capital gains after the expiry of the 5-year Minimum Occupation Period (MOP).
Budgeting for Your Yishun May 2022 HDB BTO Home Loan
Although the Yishun BTO flats are likely to be reasonably priced, you should still budget for your new home before balloting.
HDB BTO May 2022 Yishun unit type
If you take an HDB loan (at 2.6% p.a., 85% LTV)
If you take a bank loan (at 1.6% p.a., 75% LTV)
$22,500 downpayment; estimated $578 monthly mortgage repayments
$37,500 downpayment; estimated $455 monthly mortgage repayments
$45,000 downpayment; estimated $1,157 monthly mortgage repayments
$75,000 downpayment; estimated $910 monthly mortgage repayments
$60,000 downpayment; estimated $1,542 monthly mortgage repayments
$100,000 downpayment; estimated $1,214 monthly mortgage repayments
In the above examples, we have used price estimates based on recent BTO launches in the same area, but your actual price will vary depending on the unit you select. All prices stated here exclude CPF housing grants.
For the purposes of the above illustration, we’ve used an interest rate of 2.6% and an LTV of 85%, adjusted in accordance with the Dec 2021 property cooling measures, in the HDB loan example. For the bank loan example, we’ve used a 1.6% interest rate and LTV of 75%.
The above illustrations are based on a loan tenure of 25 years. However, if you can afford it, you can opt for a shorter loan tenure, which will enable you to become debt-free faster.
Need a more precise estimate? Use our affordability calculator to work out how much you will need to pay. If you require personalised assistance about financing and home loans, don’t hesitate to get in touch with one of our PropertyGuru Finance mortgage experts.
Upcoming HDB BTO: Yishun BTO Amenities (HDB BTO May 2022 Launch)
Good Connectivity via Yishun MRT and Bus Interchange
Yishun’s distance from the city centre is mitigated somewhat by the good connectivity of the HDB BTO site. It is located about 9 minutes’ walk from Yishun Bus Interchange and Yishun MRT station, which is on the North South Line and thus connects directly to MRT stations like Raffles Place in the CBD and Orchard, with no line changes required.
Easy Access to Yishun Park, SAFRA Yishun and More
The Yishun HDB BTO project is located within easy walking distance of two sprawling parks—Yishun Pond Park, which has a scenic water body and observation tower, and Yishun Park, which is home to many playgrounds and fitness corners, making it ideal for families with kids and sports lovers. SAFRA Yishun is located within Yishun Park and has attractions such as a Canopy Walk.
Near Yishun Park Connector and Khatib Bongsu Park Connector
The Yishun Park Connector and Khatib Bongsu Park Connector run right past the HDB BTO site, taking users through many of the neighbourhood’s most scenic areas, including Yishun Park. The Khatib Bongsu Park Connector also connects in under 20 minutes by bicycle to Sembwang Park on the north shore of Singapore, giving residents easy access to the sea.
Many Popular Schools in the Area
The HDB BTO project is located an easy walking distance from numerous schools, including Northland Primary School, Naval Base Secondary School, Chung Cheng High School (Yishun) and Yishun Innova Junior College, making it convenient for families with kids.
Conclusion: Is the HDB May BTO 2022 in Yishun Worth Balloting For?
If you are looking for an affordable home and are fine with living quite a distance from the city centre, the May 2022 Yishun BTO launch offers a decent compromise thanks to its good public transport connectivity.
Pros of the Yishun HDB BTO May 2022
Likely to be affordable
Walking distance to Yishun MRT station on North South Line
Near two big, scenic parks
Well-served by park connectors
Many schools nearby
Cons of the Yishun HDB BTO May 2022
Far from city centre
3-room flats not available
Not sure if you should ballot for the HDB BTO May 2022 Yishun flats? Read about the other upcoming BTO 2022 launches in May below:
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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.