While most of us are thinking about how to celebrate Chinese New Year, there is a group of people who have something else on their mind: BTO. February 2020 BTO launch will take…
The upcoming August BTO launch is one to look out for if you are planning for a home with your other half. In a two-part series, we breakdown all the 8 choices you have in the August BTO Launch. In this article, we dive into the pros and cons of every non-mature estate option in the upcoming August BTO launch.
Check out our other article on the mature estate option in the upcoming August BTO launch
The first thing we noticed about this Choa Chu Kang launch is that it’s really far from anywhere. While some might point out that it’s within walking distance to the Keat Hong LRT, it’s really nowhere near anything else. Even the closest shopping centre is like 3 streets away. Convenience is really not the strength of this plot in Choa Chu Kang. So, unless you are really keen on staying in Choa Chu Kang, we think it’s better to avoid this upcoming launch.
At first glance, this BTO in Tengah might seem like it gives you good accessibility. After all, it is so close to the upcoming MRT in Tengah Plantation and Tengah Park. Well, if you really do your research, you will know that these 2 MRTs will only be up and running in 2027. This means that when your BTO completes in 2024/2025, you will be without an MRT service for at least 2-3 years. Unless you drive, this can be a huge pain in the ass if you have to keep travelling to Choa Chu Kang or Jurong East to catch the train.
But this “mixed” development will be one that can draw interest from buyers given that it has a Polyclinic and neighbourhood centre right at your doorstep. Once the MRT service is ready to go, you could be in for a potential cash-in since you will be closing in on your minimum occupation period (MOP) of 5 years.
The first location is very near Woodlands MRT station. You will have access to all the facilities and amenities at Woodlands MRT station such as Causeway Point. With the upcoming Woodlands Regional Centre, this location also has the potential of being used as a rental unit once you have hit the 5-year minimum occupation period (MOP). Upon the opening of the Thomson East-Coast Line (TEL) in the next few years, connectivity of your home in Woodlands will also be improved.
The second location is in the middle of a few schools at Woodlands Drive 17. Of course, it does pale in comparison to the first location. If you didn’t manage to get the first location, don’t despair. The good thing is that this location is right beside the Woodlands South MRT station on the TEL. You are just one stop away from the Woodlands Hub on the TEL.
If you managed to successfully ballot for a flat in the upcoming (or previous) BTO, make sure to check out our home loan comparison tool here. The home loan comparison tool is meant to help you find the best home loan deal in the market right now! Don’t hesitate to reach out to us if you are unsure whether you are getting the best loan deal on your home loan.
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