3,520 flats will certainly be used across 7 tasks in one mature and also four non-mature estates for the November 2021 BTO sales launch. It will additionally be the second time this year that HDB is offering BTO flats in Hougang.
If you have actually missed out on the August 2021 launch for Hougang, you might want to look out for this launch. Just like the previous launch, 2 projects will certainly be released in the community, with a total amount of 690 flats readily available.
HDB will just introduce the beginning rates during the November 2021 BTO launch. In the meantime, SRX has come up with these evaluations based on neighboring resale transactions and also launch rates from recent BTO launches.
These evaluations take into consideration building age and place. If a launch is nearer to an MRT or business growth, it’s likely to be extra pricey.
As stated earlier, the last launch in Hougang was simply last month in August. It’s also when we saw one of the highest possible application rates, with 4-room flats having an overall price of 24.9 (partly as a result of among the jobs being located alongside Kovan MRT).
At the same time, 5-room apartments at Hougang Citrine had a general application price of 10.6. The growth is located just across the street from both November 2021 BTO jobs. Both lie contrary to each other on either side of Hougang Opportunity 1, with among them closer to Hougang Method 3 and Parc Greenwich.
With that said, let’s study the advantages and disadvantages of the November 2021 Hougang BTO tasks.
November 2021 Hougang BTO– The Pros
Ease of access
The advantage regarding the MRT gain access to here is that you’ll have 3 MRT lines in the vicinity. Besides North-East Line, you can likewise conveniently switch over to Circle Line in just one quit at Serangoon MRT.
In addition to that, the future Cross Island Line will be ready in a few years after the BTOs are finished. The line will also consist of Hougang MRT as an interchange.
And also when it comes to the motorists, Kallang-Paya Lebar Expressway (KPE) and Tampines Expressway (TPE) will be a number of roads away.
Food and also retail facilities
There’s usually a good spread of food as well as retail alternatives near the Hougang BTO jobs.
For example, the nearby shopping mall will be Heartland Shopping center situated alongside Kovan MRT at around a 15-minute bus flight away.
It’s additionally where the closest grocery stores, Freezer at Heartland Shopping Center as well as NTUC Fairprice at Hougang Road 21, go.
For even more choices, you can additionally head to Hougang Central at around 15 to 20 minutes away by bus, where there’s Hougang Shopping Mall and The Downtown.
And also for the days when you long for hawker prices like duck rice and also carrot cake, Hougang Hainanese Village Centre will be within a 10-minute walking range.
Yet what makes these Hougang BTO projects stand apart from the various other November 2021 tasks is the high variety of institutions around. This includes popular institutions Paya Lebar Methodist Girls’ as well as Maris Stella High.
Institutions within 1km consist of Paya Lebar Methodist Girls’ and Yuying Additional. Actually, the women’s institution can be reached in 15 mins walking.
Various other colleges close by including Xinghua Key, CHIJ Our Woman of the Nativity, Xinmin Primary and also Additional, Divine Innocents’ Key, Holy Innocents’ High, Bowen Secondary, and also Anderson Serangoon JC (future holding website from 2022 onwards).
Child care centers
For those preparing to have youngsters, there are some child care centers close by also, including My Initial Skool that’s within a five-minute walk.
The following closest ones will be PCS and also Sparkletots at Hougang Method 1. Both will certainly be around a 10-minute strolling range.
Homeowners will not have to travel far to access sports facilities either. It will certainly take around a 20-minute bus flight to Hougang Sports Centre, where there’s an arena, sports hall as well as swimming facility.
Similarly, those who favor nature can just head to Punggol Park instead of traveling additionally out of the estate.
Kind of apartments
Only 4-room, as well as 5-room flats, will certainly be readily available in both November 2021 Hougang BTO tasks. So it’s more ideal if you’re a family member seeking a bigger area.
On the other hand, songs will not have the ability to ballot right here this time around considering that they can only request 2-room Flexi apartments in non-mature estates.
If you handle to score a level right here, you can expect a healthy rate recognition after the Minimum Occupation Duration (SPONGE) has actually finished.
Considering the resale purchases for 4-room and also 5-room apartments in the estate for the past 5 years, there’s been a high rate rise of 20.89%.
Among the BTO projects in Hougang that have actually gone into the resale market, we took a more detailed check out the 4-room transactions of Hougang DewCourt from the November 2011 BTO. This is the nearby BTO from the November 2021 BTO sites, although it doesn’t have 5-room flats. Given that the apartments entered the resale market in 2014, prices have actually increased by 5.52%. Since writing, the average price for a 4-room level is S$ 493,725.