HDB BTO November 2022 Kallang/Whampoa Review: Excellent City Fringe Location With Lots of Recreational Options

·7-min read
HDB BTO November 2022 Kallang/Whampoa Review: Excellent City Fringe Location With Lots of Recreational Options
HDB BTO November 2022 Kallang/Whampoa Review: Excellent City Fringe Location With Lots of Recreational Options

The HDB BTO Kallang/Whampoa launch is likely to be of great interest to many due to its excellent city fringe location in a mature estate. The November 2022 launch will be a small one, with only about 470 3-room and 4-room units up for grabs. Thus, strong competition for a limited number of flats is likely to be on the cards.

However, one factor that might deter prospective buyers could be the high possibility that the Kallang/Whampoa BTO launch will fall under the Prime Location Public Housing (PLH) model, which could dampen resale prospects.

Want to buy a home in Kallang/Whampoa but don’t want to have to wait for an HDB BTO flat? Browse the latest listings for Kallang/Whampoa resale flats on PropertyGuru.

HDB BTO November 2022 Kallang/Whampoa BTO Map

Location of the upcoming Kallang/Whampoa BTO flats, located along Lorong 1 Geylang. Source: HDB<br>
Location of the upcoming Kallang/Whampoa BTO flats, located along Lorong 1 Geylang. Source: HDB

Kallang/Whampoa BTO Location (HDB BTO November 2022 Launch)

HDB BTO November 2022 Kallang/Whampoa

TBA

Address

Lorong 1 Geylang

Nearest MRT

Kallang

Nearest bus interchange

Nearest schools

Bendemeer Primary School, Bendemeer Secondary School

Other nearby amenities

Geylang West Community Club, Upper Boon Keng Market and Food Centre, Jalan Besar Community Club, Kitchener Complex, Jalan Besar Stadium and Swimming Complex, Kallang Squash and Tennis Centre, Kallang Netball Centre, Singapore Sports Hub, Kallang Riverside Club

The site of the Kallang/Whampoa BTO project is located at Lorong 1 Geylang, right next door to Kallang MRT station, with one side of the site running along the Kallang River, offering some residents scenic waterfront views.

The flats enjoy excellent connectivity thanks to the proximity of Kallang MRT and a bus terminal just across the road. There are several other MRT stations located within walking distance, including Lavender, Bendemeer and Geylang Bahru, which are all located 15 to 17 minutes’ walk away.

Other than a great city fringe location which offers easy access to the CBD, the BTO project is also near the Kallang sporting precinct with its many sports and recreational amenities like the Singapore Sports Hub.

As only 3-room and 4-room flats are available in this launch and there are not many schools in the immediate vicinity, this launch is likely to be most popular with smaller households or couples without kids.

Kallang/Whampoa BTO Price (HDB BTO November 2022 Launch)

Unit type

Kallang/Whampoa BTO Price (HDB BTO November 2022)

Previous Kallang/Whampoa BTO Price (HDB BTO February 2022)

Previous Kallang/Whampoa BTO Price (HDB BTO November 2021)

Median resale flat prices in the area

3-room

TBA

$353,000 – $462,000

$372,500

4-room

TBA

$488,000 – $675,000

$511,000 – $660,000

$780,000

With only 470 units on offer, the Kallang/Whampoa BTO project is likely to be oversubscribed. That said, if it falls under the PLH model, as is likely, demand might be dampened somewhat.

Based on HDB’s resale statistics, in Q2 2022, the median resale price was $375,500 and $780,000 for 3-room and 4-room flats respectively. This does not seem high compared to the prices of past BTO launches and is due to most resale flats in the area being older flats without many years remaining on their leases.

New flats are likely to command much higher prices, particularly if they are sold soon after the expiry of their Minimum Occupation Period (MOP). In fact, it is possible for 4-room or 5-room flats to command prices of over $1 million, although it remains to be seen if the PLH model will depress resale prices moving forward.

[ArticleCallout]{ “title”: “Million-Dollar HDB Resale Flat vs a Condo in Singapore: Which Is Worth Buying? (2022)”, “excerpt”: “As more HDB resale flats are selling for a million dollars, would it be more worth purchasing a condo instead? “, “link”: “https://www.propertyguru.com.sg/property-guides/million-dollar-hdb-resale-flat-vs-condo-67674”, “image”: “https://img.iproperty.com.my/angel/1110×624-crop/wp-content/uploads/sites/3/2022/07/million-hdb-flat-vs-condo.jpg” } [/ArticleCallout]

Budgeting for Your Kallang/Whampoa November 2022 BTO Home Loan

You can expect to pay a premium for your Kallang/Whampoa BTO flat. Hence, it is very important to plan your finances and know how much you can afford before balloting for a flat.

HDB BTO November 2022 Kallang/Whampoa unit type

Price

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)

3-room

$400,000

$60,000 downpayment; estimated $1,542.48 monthly mortgage repayments

$100,000 downpayment; estimated $1,316 monthly mortgage repayments

4-room

$600,000

$90,000 downpayment; estimated $2,313.71 monthly mortgage repayments

$150,000 downpayment; estimated $1,974 monthly mortgage repayments

Our price estimates are based on past BTO launches, but the cost of your actual flat will vary depending on the indicative pricing for the project and the unit you have been allocated. All of the above prices exclude CPF housing grants.

In line with the December 2021 property cooling measures, we have used a 2.6% interest rate and 85% LTV for the HDB loan examples and a 2.3% interest rate and 75% LTV for the bank loan examples.

All examples have been worked out based on a 25-year loan. However, if you are able to pay more in monthly instalments, a shorter loan tenure will enable you to become debt-free sooner.

To obtain a more precise estimate based on the details of your own loan, you can play around with our affordability calculator. For personalised guidance on home loans and financing, speak with one of our PropertyGuru Finance mortgage experts.

Kallang/Whampoa BTO Amenities (HDB BTO November 2022 Launch)

Right Next Door to Kallang MRT and Three Other MRT Stations Within Walking Distance

The Kallang/Whampoa BTO project’s location is unbeatable, with Kallang MRT located right next door and three other MRT stations, Lavender, Bendemeer and Geylang Bahru, located 15 to 17 minutes’ walk away.

City Fringe Location Offering Easy Access to the City Centre

Residents can reach Raffles Place in the CBD in 4 MRT stops on a ride that takes only 9 minutes. Thanks to the proximity of Kallang MRT to the flats, residents could potentially get to work in under 15 minutes.

Lots of Sporting and Recreational Facilities

With the Kallang sporting precinct located not far away, residents can enjoy amenities like Kallang Squash and Tennis Centre, Kallang Netball Centre, Singapore Sports Hub, Kallang Riverside Club, as well as Kallang Wave Mall.

Good Food Options

Kallang is a mature estate with lots of established dining options. For instance, it is a stone’s throw from Geylang Road which is home to many popular local eateries.

Conclusion: Is HDB November 2022 Kallang/Whampoa BTO Worth Balloting For?

The November 2022 Kallang/Whampoa launch offers an excellent city fringe location with a variety of food, sporting and leisure options. The flats are thus ideal for those who prioritise location and amenities.

Pros of November 2022 Kallang/Whampoa HDB BTO

  • Central location

  • Right next door to MRT station

  • Many good food options

  • Many sporting and recreational facilities

Cons of November 2022 Kallang/Whampoa HDB BTO

  • Pricey

  • Likely to fall under PLH model

  • 2-room Flexi and 5-room flats not available

  • Likely to see fierce competition for a limited number of flats

The Kallang/Whampoa launch consists of only 470 flats and is in a central location, which should contribute to it being heavily oversubscribed, even if it falls under the PLH model.

However, as there are no 2-room Flexi or 5-room flats in this launch, families with or who forsee having multiple children may turn to the Bukit Batok or Yishun launches instead.

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.