Note: The February 2023 BTO launches have been released. Applications close on 6 March 2023, 11.59pm.
In the HDB BTO February 2023 launch, Brickland Weave at Tengah is bounded by Brickland Road and Tengah Boulevard, and houses 1,641 units of 2-room Flexi, 3-room, 4-room, and 5-room units.
Located to the west of Bukit Batok, Tengah is an up-and-coming area that is being built from the ground up, which explains the recent frequency of BTO launches in the area. It might be accurate to say Tengah is basically the ‘new’ Punggol.
Recently, it was also announced that Anglo-Chinese School (Primary) will be moving from its current campus in Barker Road to Tengah in 2030. Somehow, we have a feeling this is only the start of many other exciting announcements for the estate!
Brickland Weave Feb 2023 Tengah BTO Map
Brickland Weave Tengah BTO Location (HDB BTO Feb 2023) Launch
|Name of the BTO 2023 Feb Tengah launch||Brickland Weave|
|Address||Bounded by Brickland Road and Tengah Boulevard|
|Nearest MRT station||Keat Hong LRT station (present), and Chua Chu Kang West MRT station (along the upcoming Jurong Regional Line (JRL), from 2027 to 2029)|
|Nearest bus interchange||Bukit Batok bus interchange|
|Nearest schools||Choa Chu Kang Primary School, Concord Primary School, Dunearn Secondary School, and St Anthony’s Primary School|
|Other nearby amenities||Keat Hong shopping centre|
The Brickland Weave site is bounded by Brickland Road and Tengah Boulevard. It is also situated in the heart of the developing Tengah neighbourhood. Choa Chu Kang West MRT station (expected to open in 2027), located along the upcoming JRL, will be located within walking distance.
Despite the availability of an MRT station within walking distance, Brickland Weave is still quite far away from the city centre, making it more convenient for those who can work from home or whose workplaces are in the west.
To ensure convenience for residents, the government has big plans to turn Tengah into a sustainable housing estate with Singapore’s first car-free town centre. However, it is going to take time for the neighbourhood to grow and develop, hence residents should steel themselves for years of construction and a lack of long-standing amenities.
The Brickland Weave BTO site is located in the southeast of Tengah. This is actually a good location within Tengah as it is relatively near more established neighbourhoods Bukit Batok and Jurong East. This could be pivotal for future residents in the early years as they wait for amenities in the area to establish themselves.
Brickland Weave Tengah BTO Price (HDB BTO February 2023 Launch)
|Unit type||Tengah BTO Price (HDB BTO February 2023)||Previous Tengah BTO Price (HDB BTO November 2022)||Previous Tengah BTO Price (HDB BTO August 2022)|
|2-room Flexi||$97,000||From $111,000||$132,000 to $182,000|
|3-room||$190,000||From $214,000||$231,000 to $273,000|
|4-room||$291,000||From $307,000||$309,000 to $403,000|
|5-room||$401,000||From $427,000||$420,000 to $525,000|
With 1,641 units up for grabs, it should be pretty easy to successfully ballot for a flat in Tengah in the HDB BTO February 2023 exercise, especially as there were Tengah launches in two prior BTO exercises in 2022.
There are no resale statistics for Tengah as it is a new non-mature estate still undergoing development. However, new flats in Tengah are affordably priced, hence it is likely they will enable owners to earn a tidy profit if they sell them soon after they fulfil their Minimum Occupation Period (MOP).
Budgeting for Your Tengah HDB BTO 2023 Home Loan
The Tengah February BTO flats may be affordable starter homes, but that doesn’t mean you don’t need to plan your finances and work out how much you can afford.
|HDB BTO February 2023 Tengah 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)|
|2-room Flexi||$97,000||$19,400 down payment, estimated $352 monthly mortgage repayments||$24,250 down payment, estimated $384 monthly mortgage repayments|
|3-room||$190,000||$38,000 down payment, estimated $690 monthly mortgage repayments||$142,500 down payment, estimated $706 monthly mortgage repayments|
|4-room||$291,000||$58,200 down payment, estimated $1,056 monthly mortgage repayments||$54,562.50 down payment, estimated $2,702 monthly mortgage repayments|
|5-room||$401,000||$80,200 down payment, estimated $1,460 monthly mortgage repayments||$100,250 down payment, estimated $1,490 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 accordance with the September 2022 property cooling measures, we have gone with an interest rate of 2.6% and a Loan-to-Value (LTV) of 80% for the HDB loan examples and an interest rate of 3.4% and an LTV of 75% for the bank loan examples. At the time of writing (28 February 2023), the lowest interest rate offered is 3.75%.
All of the above examples have been fleshed out on the basis of a 25-year loan. However, depending on your ability to take on higher monthly instalments, you might prefer to opt for a shorter loan tenure which will enable you to repay the loan sooner.
To obtain an estimate tailored to the specifics of your loan, play around with PropertyGuru’s affordability calculator. You can also speak to PropertyGuru Finance mortgage experts for personalised advice on home loans and financing.
Tengah BTO Amenities (HDB BTO February 2023 Launch)
Near a Future MRT Station
The future Choa Chu Kang West MRT station along the JRL will be located within walking distance of the Tengah BTO 2023 Feb project.
Near More Established Neighbourhoods
Brickland Weave is situated in Tengah, which might take some years to develop into an established neighbourhood. In the meantime, future residents can travel to nearby Bukit Batok and Jurong East, which are non-mature estates with a good range of amenities.
Green and Sustainable Environment
The government intends to develop Tengah into a sustainable neighbourhood with lots of greenery, community gardens, and Singapore’s first car-free town centre.
Electric Vehicle (EV) Carparks
Tengah will be well-placed to handle the government’s plans to phase out petrol cars, as selected lots in all car parks in the estate will have EV charging points.
Conclusion: Is the February 2023 Tengah HDB BTO Launch Worth Balloting For?
The Tengah BTO 2023 Feb is a relatively inexpensive option for BTO applicants on a budget. However, as Tengah is still under heavy development, applicants must be prepared to deal with construction and have the patience to wait for amenities to be established even years after moving in.
Pros of Tengah HDB BTO February 2023 Launch
- Affordable price
- Walking distance to an upcoming MRT station
- Nearby estates with good amenities
- Upcoming green neighbourhood
- A large supply of units is available
Cons of Tengah HDB BTO February 2023 Launch
- Estate under construction
- Lack of established amenities
- Far from the city centre
The Brickland Weave BTO site has an estimated waiting time of 48 months (i.e. four years). While there is a high probability that applicants will be able to secure a BTO flat within the estate, those who want more accessibility to the city centre may have to opt for the February 2023 BTO Kallang/Whampoa launch instead.
Applying for February 2023 HDB BTO Flats
Want more information on each Feb 2023 BTO launch? Read our detailed reviews on each of them here:
- HDB BTO February 2023 Launch Review: Jurong West, Kallang/Whampoa, Queenstown, Tengah
- HDB BTO February 2023 Kallang/Whampoa Review: Two Sites in Attractive Central or City Fringe Locations
- HDB BTO February 2023 Queenstown Review: City Fringe Location With Many Choice Schools Nearby
- HDB BTO February 2023 Jurong West Review: Affordable Flats Near NTU
How Can I Apply for BTO in Singapore?
Watch our video on how to apply for an HDB BTO flat in Singapore.
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