HDB BTO February 2023 Jurong West Review: Affordable Flats Near NTU

HDB BTO February 2023 Jurong West Review: Affordable Flats Near NTU
HDB BTO February 2023 Jurong West Review: Affordable Flats Near NTU

Note: The February 2023 BTO launches have been released. Applications close on 6 March 2023, 11.59pm.

Jurong West has received quite a bit of attention in recent years due to the rejuvenation of the Jurong Lake District and its proximity to Jurong East, which the government is working to turn into the second CBD.

As such, hopeful BTO applicants might be excited about the Jurong West Crystal BTO launch, located along Jurong West Street 93, which will comprise 271 units of 3-room and 4-room flats. It is the most affordable launch among the February 2023 BTO projects.

However, with such a limited supply of flats on offer and no 2-room Flexi or 5-room flats, the project is suited to smaller households or couples with just one or two children.

Jurong West Crystal Feb 2023 Jurong West BTO Map

Location of Jurong West Crystal Feb 2023 Jurong West BTO flats, located along Jurong West Street 93. Source: HDB

Want to buy a home in Jurong West but don’t want to have to wait for a BTO flat? Browse the latest Jurong West HDB resale flats on PropertyGuru.

Jurong West Crystal Jurong West BTO Location (HDB BTO Feb 2023) Launch

Name of Jurong West BTO 2023 Feb Launch Jurong West Crystal @ Jurong West
Address Jurong West Street 93
Nearest MRT station Pioneer MRT
Nearest bus interchange Boon Lay
Nearest schools Frontier Primary School, Pioneer Primary School, Juying Secondary School, Jurong West Primary School, Jurong West Secondary School, Xingnan Primary School, Boon Lay Secondary School, River Valley High School, Nanyang Technological University
Other nearby amenities Jurong West Sport Centre, Yunnan Park, NTUC Health Nursing Home, Jurong West Hawker Centre, Pioneer Mall, Nanyang Community Club, Jurong Point, SAFRA Jurong

The Jurong West Crystal Feb 2023 BTO site is located along Jurong West Street 93, eight minutes’ walking distance from Pioneer MRT station, which connects directly to the CBD via the East-West Line.

Those who are hoping for a choice spot close to Jurong Lake in the Jurong Lake Gardens might be disappointed, as the Jurong West Crystal BTO site is on the western end of Jurong West, just north of an industrial estate.

The Jurong West BTO 2023 Feb flats are located about half an hour’s walk from Nanyang Technological University (NTU), which makes them ideal for those who study and work there. It is also the closest residential area to Tuas and Keppel Shipyard, and thus a convenient choice for those who work in the area.

For those who don’t mind the Jurong West Crystal Feb 2023 BTO site’s far-flung location, there is a decent selection of schools in the vicinity, including River Valley High School.

Jurong West might be classified as a non-mature estate, but it has a good selection of established amenities. The area’s biggest mall, Jurong Point, is located about 22 minutes’ walk away (or just one MRT stop away) and future residents are also right next door to amenities like the Jurong West Sports Centre and Jurong West Park Connector.

Jurong West Feb 2023 BTO Price (HDB BTO February 2023 Launch)

Unit type Jurong West BTO price (HDB BTO February 2023) Previous Jurong West BTO Price (HDB BTO May 2022) Previous Jurong West BTO Price (HDB BTO November 2021) Median resale flat prices in the area
3-room From $187,000 $215,000 to $265,000 $173,000 to $229,000 $358,000
4-room From $288,000 $320,000 to $393,000 $264,000 to $321,000 $481,500

The Jurong West 2023 February BTO project is an extremely small one, with only about 271 units up for grabs. Only 3-room and 4-room flats are available, so larger households and singles might have to consider the Tengah launch instead.

According to the HDB’s resale statistics, the median resale price of 3-room flats in Jurong West in Q4 2022 was $358,000, while that of 4-room flats was $481,500.

These resale prices are significantly higher than the price of recent BTO flats, indicating that flats in the area can offer good investment potential, especially if they are sold soon after they have fulfilled the Minimum Occupation Period (MOP). The upcoming Jurong Lake District’s developments, coupled with the upcoming Tengah neighbourhood, may also bolster prices in the future.

Budgeting for Your Jurong West BTO February 2023 Home Loan

The Jurong West 2023 February BTO flats are affordably priced due to their distance from the city centre and the non-mature status of the estate. That said, it is always a good idea to plan your finances and know what you can afford before balloting for one.

HDB BTO February 2023 Jurong West Crystal unit type Price If you take an HDB loan (at 2.6% p.a., 80% LTV) If you take a bank loan (at 3.4% p.a., 75% LTV)
3-room $187,000 $37,400 downpayment, estimated $679 monthly mortgage repayments $46,750 downpayment, estimated $695 monthly mortgage repayments
4-room $288,000 $57,600 downpayment, estimated $1,045 monthly mortgage repayments $72,000 downpayment estimated $1,070 monthly mortgage repayments

In the table above, we have used the lowest starting price estimates, but your actual price will vary depending on the unit you select. All prices stated here exclude CPF housing grants.

In line with the September 2022 cooling measures and current bank interest rates, we have used an HDB loan interest rate and LTV of 2.6% and 80%, and a bank loan interest rate and LTV of 3.4% and 75%.

All of the above calculations were made on the basis of a 25-year loan. However, if you have the means to take on higher monthly instalments, you can potentially opt for a shorter loan tenure.

For more precise figures tailored to your situation, play around with our affordability calculator, where you can work out the monthly instalments for your own home loan. You can also speak to PropertyGuru Finance mortgage experts for free, personalised advice.

Jurong West Crystal (Jurong West BTO February 2023) Amenities

Walking Distance to Pioneer MRT Station

The Jurong West Feb 2023 BTO site is located about an eight minutes’ walk from Pioneer MRT station, which connects directly to Raffles Place in the CBD via the East-West Line.

Close to a Wide Variety of Shopping and Sporting Amenities

Jurong West Crystal is located a stone’s throw from amenities such as the Jurong West Sport Centre and Jurong West Park Connector. It is also located a quick bus ride from the area’s biggest mall, Jurong Point, and SAFRA Jurong.

Wide Range of Schools Nearby, Close to NTU

There are many primary and secondary schools in the area, including Frontier Primary School as well as Jurong West Primary and Secondary School. Nanyang Technological University is reachable on foot in about half an hour, or about five bus stops away.

Eco-Friendly Features and Smart Homes

Jurong West Crystal will have a number of eco-friendly features, which promote green and sustainable living, including separate chutes for recyclable waste, regenerative lifts to reduce energy consumption, and parking spaces for electric vehicle charging stations. The BTO project will also have smart solutions such as Smart-Enabled and Smart Lighting to reduce energy consumption and encourage a more sustainable living environment.

Conclusion: Is the February 2023 Jurong West BTO Worth Balloting For?

The Jurong West Feb 2023 BTO flats have the advantage of being the most affordable among the February 2023 BTO launches and are located in a relatively developed non-mature estate with long-standing amenities. The Jurong West Crystal BTO project is thus ideal for those who are on a budget but are still looking for a neighbourhood with a good range of amenities.

Pros of Jurong West Crystal (Jurong West BTO February 2023)

  • Affordable price
  • Eco-friendly features and Smart Homes
  • Walking distance to an MRT station
  • Good selection of sporting and shopping amenities
  • Many schools nearby

Cons Jurong West Crystal (Jurong West BTO February 2023)

  • A limited supply of flats
  • 2-room Flexi and 5-room flats not available
  • Far from the city centre

Applying for February 2023 HDB BTO Flats

Not sure if you should ballot for the HDB BTO February 2023 Jurong West flats? Read about the other BTO 2023 launches in February below:

  • 2023 Feb BTO Launch Review: Jurong West, Kallang/Whampoa, Queenstown, Tengah
  • 2023 Feb BTO Kallang/Whampoa Review: Two Sites in Attractive Central or City Fringe Locations
  • 2023 Feb BTO Queenstown Review: City Fringe Location With Many Choice Schools Nearby
  • 2023 Feb BTO Tengah Review: Affordable Flats in New Housing Estate

Watch our video of how to apply for an HDB BTO flat in Singapore:

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