HDB BTO February 2024 Woodlands Review: Short Bus Ride to Woodlands South MRT Station

HDB BTO February 2024 Woodlands Review: Short Bus Ride to Woodlands South MRT Station
HDB BTO February 2024 Woodlands Review: Short Bus Ride to Woodlands South MRT Station

Nestled in an area with private housing, future residents of the upcoming Woodlands HDB BTO Feb 2024 flats will be neighbours with the Rosewood Drive and Woodgrove Estate locales. Towards the south lies the Seletar Expressway.

The Woodlands HDB BTO Feb 2024 launch will see a sizeable number of about 1,120 BTO flats across 2-room Flexi up to 5-room types being built in this area. Residents are tucked further away from the bustling hubbub of Woodlands Central but can access these amenities just 15 minutes by foot.

There are also a couple of schools in the neighbourhood, and of course, Woodlands is a stone’s throw away from the upcoming Johor Bahru–Singapore Rapid Transit System, which can be accessed from Woodlands North MRT station on the Thomson-East Coast Line (TEL) when the 4km-long cross-border service begins operations around end-2026.

Albeit further removed from the city centre, Woodlands’ connectivity has improved significantly with the TEL, which gives residents speedier access to downtown Singapore, as well as will connect them to the eastern part of the island when that segment is completed in 2024.

For first-time BTO applicants who are thinking of applying for the Woodlands HDB BTO Feb 2024, do check out our quick video guide!

Guide to Applying for a BTO Flat (Video)

Do note that the HDB Flat Eligibility (HFE) letter has come into effect. In case you need a reminder, the HDB HFE letter is an assessment of your HDB flat, CPF Housing Grant, and HDB loan eligibility.

Just log into your account on the HDB Flat Portal via Singpass, key in your eligibility criteria details, and request your HFE letter. You will need to submit a valid HDB HFE letter alongside your BTO application.

HDB BTO February 2024 Woodlands BTO Map

Location of the Woodlands HDB BTO Feb 2024 flats, bounded by Woodgrove Avenue and Rosewood Drive. Source: HDB

BTO Woodlands February 2024 Location

Woodlands HDB BTO February 2024 name TBA
Address Bounded by Woodgrove Avenue and Rosewood Drive
Nearest MRT station Woodlands MRT station, Woodlands South MRT station, Marsiling MRT station
Nearest bus interchange Woodlands Integrated Transport Hub 
Nearest schools Singapore Sports School, Si Ling Primary School, Yishun Innova Junior College, Fuchun Primary School, Fuchun Secondary School, Innova Primary School, Woodgrove Primary School, Christ Church Secondary School, Woodgrove Secondary School, Woodlands Primary School, Singapore American School, and Republic Polytechnic
Other nearby amenities Causeway Point, Woodlands Civic Centre, Woodlands Sports Centre, and Woodlands Community Club

The Woodlands HDB BTO Feb 2024 project comprises about 1,120 2-room Flexi, 3-room, 4-room, and 5-room flats – a good selection of BTO flat types to choose from. They are about a 15-minute walk each to Woodlands and Woodlands South MRT stations… and if you don’t mind, a 20-minute walk to Marsiling MRT station.

The Woodlands HDB BTO Feb 2024 project occupies a fairly attractive location in the neighbourhood, within walking distance of key amenities such as Causeway Point and Woodlands Sports Centre. Families with kids also have a wide selection of schools within walking distance, including Singapore Sports School and Yishun Innova Junior College.

Don’t want to wait for the Woodlands February 2024 BTO project? Check out HDB resale flats in Woodlands on PropertyGuru.

Woodlands BTO Price (HDB BTO February 2024 Launch)

Unit type Woodlands BTO Price (HDB BTO Feb 2024) Previous Woodlands BTO Price (HDB BTO Dec 2023) Previous Woodlands BTO Price (HDB BTO Aug 2022) Median resale flat prices in the area (based on HDB Q3 2023 statistics)
2-room Flexi From $150,000 (estimated) From $145,000 to $231,000 From $98,000 to $154,000 $325,000
3-room From $280,000 (estimated) From $268,000 to $345,000 From $188,000 to $228,000 $374,000
4-room From $330,000 (estimated) From $318,000 to $468,000 From $303,000 to $363,000 $498,000
5-room From $480,000 (estimated) From $468,000 to $612,000 N/A $590,000

Given the recent Woodlands HDB BTO Dec 2023 project, the Woodlands HDB BTO Feb 2024 flat prices should be quite similar. However, these two sites are clustered around Woodlands MRT station, so convenience might have resulted in higher prices. August 2022 saw a Woodlands BTO launch as well, also close to an MRT station (but Woodlands South instead of the busy Woodlands). Our estimates are meant to be a guide for budgeting considerations.

For the upcoming February 2024 Woodlands HDB BTO launch, although there is a bumper crop of 1,120 flats, the demand might be higher than normal than other non-mature estates. This could be because of the spacious 5-room flat configurations available, as well as Woodlands’ up-and-coming popularity due to the TEL and RTS Link, the latter speeding up trips to Johor Bahru for day shopping when it is operational at the end of 2026. For the December 2023 Woodlands HDB BTO launch, the highest application rates were for 5-room BTO flats, where families are vying for a unit.

Based on the median resale flat prices in the area, the HDB flats in Woodlands will likely see some appreciation after their Minimum Occupation Period (MOP) is up. Prices might increase further as developments and connectivity improve even more.

Budgeting for Your Woodlands HDB BTO February 2024 Home Loan

HDB BTO February 2024 Woodlands unit type Price (estimated) If you take an HDB loan (at 2.6% p.a., 80% LTV) If you take a bank loan (at 3.6% p.a., 75% LTV)
2-room Flexi $150,000 $30,000 downpayment, estimated $544 monthly mortgage repayments $37,500 downpayment, estimated $569 monthly mortgage repayments
3-room $280,000 $56,000 downpayment, estimated $1,016 monthly mortgage repayments $70,000 downpayment, estimated $1,063 monthly mortgage repayments
4-room $330,000 $66,000 downpayment, estimated $1,198 monthly mortgage repayments $82,500 downpayment, estimated $1,250 monthly mortgage repayments
5-room $480,000 $96,000 downpayment, estimated $1,742 monthly mortgage repayments $120,000 downpayment, estimated $1,822 monthly mortgage repayments

All prices stated above exclude CPF Housing Grants.

We used an interest rate of 2.6% and a Loan-to-Value (LTV) limit of 80% for the HDB loan example calculations and an interest rate of 3.6% and an LTV of 75% for the bank loan example calculations. The above example calculations go based on a 25-year loan. However, if you can make higher monthly repayments, you may want to opt for a shorter loan (and pay lesser interest!).

For a more accurate estimate appropriate to your situation, you can use PropertyGuru’s affordability calculator. You can also chat with a PropertyGuru Finance Mortgage Expert for personalised advice on home loans and financing.

Woodlands BTO February 2024 Amenities (HDB BTO February 2024 Launch)

Nestled in a Private Housing Area

The Woodlands HDB BTO Feb 2024 flats are bounded by Woodgrove Avenue and Rosewood Drive, both locales that typically have private and landed properties. The site is also a distance from the main hustle and bustle at Woodlands MRT station, which means a more tranquil environment for residents. Those facing the Seletar Expressway might encounter traffic noises, which might break the peace of quiet nights.

Close to the Causeway

Heading over to Johor Bahru in Malaysia for a spot of shopping gets even more convenient, not just from the Woodlands location, but also the upcoming RTS Link that is scheduled for completion by end-2026. Time to note down all the trendy cafes and shops on your Google Maps, and train your arms for intensive grocery shopping!

Close to the Vibrant Woodlands Central

Nearby amenities just a short walk from your flat include the sprawling Causeway Point mall and Woodlands Civic Centre that houses the library, Woodlands Sports Centre, and Woodlands Community Club. The open space near the Woodlands MRT is also home to roving pasar malams, which adds to the lively and vibrant atmosphere of this neighbourhood.

Schools for All Ages

With a bunch of primary schools, secondary schools, tertiary institutes that include Republic Polytechnic and Yishun Innova Junior College, families and even adult learners can have a bright education in Woodlands. There are also specialised schools that include Singapore Sports School and the Singapore American School close by.

Conclusion: Is the Woodlands February BTO 2024 Project Worth Balloting For?

There have been consistent HDB BTO launches in Woodlands, but who knows when this supply will cease. Families who want to live in Woodlands should strike early, while there is still supply and before prices start increasing alongside the developments in the estate.

Although a bit of a walk to the MRT stations and the town centre. 15 minutes is still a very reasonable duration. This is the trade-off of living in a more private area, as well as being somewhat in the middle of three MRT stations that provide the option of two MRT lines – North-South and Thomson-East Coast, the latter making travel to downtown Singapore for work or leisure more convenient.

In the future, the RTS Link will make short trips over the Causeway much easier, and this is another draw of living in Woodlands. There is also a plethora of amenities in Woodlands Central, including malls, transport links and recreation. Educational institutes are also available for all ages, even adult learners.

With 1,120 units in 2-room Flexi to 5-room configurations, the project is a great option for seniors, singles and families of all sizes. Being a non-mature estate, the flats are still more affordable than their mature estate compatriots. However, due to the burgeoning developments here, prices could be higher than that of other non-mature estate BTO flats. The good news is, there could be more appreciation after the five-year MOP.

Pros of Woodlands February BTO 2024

  • A large supply of flats
  • Close to the expressway (benefits drivers)
  • Relatively affordable flat prices
  • Great mix of amenities in the area, including malls and a library
  • A great mix of schools in the area
  • Potential for further development of the area (upcoming RTS Link, expansion of Thomson-East Coast Line)
  • Private location
  • Close to the Causeway
  • Good range of flat types (5-room available)
  • Good for seniors, singles, couples, all the way to big families

Cons of Woodlands February BTO 2024

  • MRT/LRT station not at doorstep (15 minutes by foot)
  • Far from the city centre (but improved with TEL)
  • Close to the expressway (potential traffic noise)
  • Not really near any green lungs

Woodlands is getting more convenient with improved transport links that offer faster access to downtown Singapore and in the future, eastern Singapore. Residents will live in a more private area, just a 15-minute walk from the town centre, which has a plethora of amenities. There is also a large range of educational institutes in Woodlands that even adult learners can enjoy. Being a long-time non-mature estate, Woodlands retains more affordable pricing yet offers the conveniences of a mature estate. 

BTO Application Process Updates

All BTO applicants will now need to apply for the HDB Flat Eligibility (HFE) letter before applying for their desired BTO project.

If you’re thinking of applying for an upcoming BTO flat in the February BTO 2024 launch, you should have already applied for and received your valid HFE letter; while HDB will take up to 21 working days to process your application, they may face delays during peak periods (e.g. BTO launch weeks).

Now, first-timer BTO applicants who reject their BTO ballots will also be considered second-timer applicants for one full year. During their second BTO application attempt, if they reject another BTO ballot, they won’t be able to apply for any BTO flats in the following year.

Furthermore, the Family and Parenthood Priority Scheme (FPPS) has officially replaced the Parenthood Priority Scheme (PPS). This new HDB scheme includes a new applicant priority subset, the First-Timer (Parents and Married Couples) category, or FT(PMC). Up to 40% of BTO flats in each sales exercise will be reserved for eligible FT(PMC) applicants.

Lastly, if you are an FT(PMC) who was unsuccessful for two or more tries (in a non-mature estate), you will receive one more chance per subsequent BTO application. This rule was introduced to help those unsuccessful in repeated balloting attempts.

Applying for Woodlands February 2024 HDB BTO Flats

Those who are still undecided about the Woodlands February 2024 BTO flats, read about the other February 2024 BTO projects before applying below:

  • HDB BTO Feb 2024 Launch Review: Punggol, Hougang, Woodlands, Queenstown, Bedok, Choa Chu Kang
  • HDB BTO Feb 2024 Punggol Review: Along Punggol Reservoir, Short Drive to Punggol MRT and LRT Stations
  • HDB BTO February 2024 Hougang Review: Nearer to Upper Paya Lebar and Bartley Road

Do note that from October 2023 onwards, first-timers who successfully ballot but do not select a flat will be considered second-timers for the following year. If they still don’t choose a flat on their second BTO application, further restrictions could be imposed. They would then be unable to apply for a BTO flat at all for a year.

For more property news, content and resources, check out PropertyGuru’s guides section.

Looking for a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

Need help financing your latest property purchase? Let the mortgage experts at PropertyGuru Finance help you find the best deals.

Compare listings


What you must know before buying Singapore property…

Subscribe to our mailing list