HDB BTO November 2022 Queenstown Review: Prime Location With MRT Stations Directly Across

Kendra Tan

Kendra Tan

Last updated 23 November, 2022

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The
November 2022 BTO launch sees a good mix of mature and non-mature estates in four HDB estates — Tengah, Kallang/Whampoa, Queenstown and Yishun

There will be 9,655 units up for grabs, with a total of nine different projects this time round. 

That being said, the November 2022 BTO launch will probably be one of the most anticipated projects this year, with the Queenstown BTOs being the superstar of it all. 

November 2022 BTO Launch: Queenstown

There are three projects in Queenstown, which may highly possibly see a strong demand since they are located in prime locations and enjoy good connectivity to MRT stations. 

Besides being a stone’s throw away from Buona Vista, Dover and Queenstown MRT stations, the area also has amenities such as IKEA Alexandra, ABC Brickworks, Singapore Polytechnic, Anglo-Chinese Junior College, Alexandra Village Food Centre and more. 

Due to its attractive location in a mature estate, two of the November 2022 BTO Launch in Queenstown will fall under the Prime Location Public Housing (PLH) model

HDB BTO November 2022 Queenstown overview and location

The HDB BTO November 2022 Queenstown projects will have about 3,250 units across three projects

The three Queensway BTO sites are:

  • Ulu Pandan Banks 
  • Ghim Moh Natura
  • Queensway Canopy

The site at Ulu Pandan Banks sits directly across Dover MRT, while the development at North Buona Vista Road is a 3-minute walk from Buona Vista MRT

The Queensway Road site, on the other hand, is about a 13-minutes walk from Queenstown MRT station

There will be Community Care Apartments, 2-room Flexi, 3-room and 4-room flats available in these projects. 

Here’s the unit breakdown of each project:

November 2022 BTO: Ulu Pandan Banks

Screen Shot 2022-11-23 at 2.06.53 PM

Source: HDB 

Project name

Ulu Pandan Banks

Site location

Along Commonwealth Avenue West, bounded by Ghim Moh Link and Lulu Pandan Canal

No. of units

1,330

Unit types

3-room, 4-room

Nearest public transport

Dover MRT, Buona Vista MRT, Buona Vista Bus Terminal 

Nearby schools

Singapore Polytechnic, School of Science & Technology, United World College of South East Asia (Dover Campus), Dover Court Preparatory School, Anglo-Chinese School (Independent), Anglo-Chinese Junior College, Anglo-Chinese School (International), Fairfield Methodist Secondary School, Fairfield Methodist Primary School, New Town Secondary School, INSEAD, Essec Business School, Tanglin Trust School, Civil Service College

Nearby amenities

Ulu Pandan Park Connector, The Star Vista, One-North Park, Ulu Pandan Community Club, Buona Vista Community Club, Holland Village, Dover Road Market & Food Centre

Unit breakdown

Flat type

Number of units

Price

3-room

270

S$362k - S$504k

4-room

1,060

S$546k.- S$725k

Estimated Completion Date: 3Q2029
Estimated Waiting Period: 71 months
Selection Period: Feb 2023 - Mar 2024

The Ulu Pandan Banks Queenstown BTO 2022 that sits across Dover MRT will feature 130 3-room and 4-room flats

As mentioned previously, for those who take public transport daily, you can expect to reach Dover MRT with a four-minute walk. 

The location has so many top-notch amenities available that you literally do not have to leave your neighbourhood. 

If you want to do some shopping, JEM, Westgate, IMM and JCube are located just two MRT stops away. Orchard Road is accessible within a 12-minute drive. 

For some cheap local fare, you can head down to Dover Road Market & Food Centre for a quick fix. Else, if you’re looking for proper eateries and restaurants, you can head down to The Star Vista, an urban retail sanctuary that features its run-of-the-mill architecture, unlike other malls. Holland Village Shopping Centre also has rows of restaurants and bars to patronise.

Families with children are in luck as well. There are numerous schools nearby, like Anglo-Chinese School (Independent), Singapore Polytechnic and School of Science & Technology.

For sport and nature lovers, you’d be glad to know that Ulu Pandan Park Connector sits just below the plot. 

It will also be the first HDB car-lite precinct, prioritising public facilities and green spaces. 

This means that the area is planned upfront with public transport, walking and cycling connections, allowing for the provision of fewer parking spaces. The site will also have a terraced rain garden in the estate, 5ha of greenery and four trails to encourage residents to lead an active lifestyle. 

November 2022 BTO: Ghim Moh Natura

Screen Shot 2022-11-23 at 2.11.11 PM

Source: HDB 

 

Project name

Ghim Moh Natura

Site location

Along Commonwealth Avenue West, bounded by North Buona Vista Road and Ghim Moh Road

No. of units

960

Unit types

2-room flexi, 3-room, 4-room

Nearest public transport

Buona Vista MRT

Nearby schools

Singapore Polytechnic, School of Science & Technology, United World College of South East Asia (Dover Campus), Dover Court Preparatory School, Anglo-Chinese School (Independent), Anglo-Chinese Junior College, Anglo-Chinese School (International), Fairfield Methodist Secondary School, Fairfield Methodist Primary School, New Town Secondary School, INSEAD, Essec Business School, Tanglin Trust School, Civil Service College

Nearby amenities

Ulu Pandan Park Connector, The Star Vista, One-North Park, Ulu Pandan Community Club, Buona Vista Community Club, Holland Village Shopping Centre, Dover Road Market & Food Centre

Unit breakdown

Flat type

Number of units

Price

2-room Flexi (Type 1)

14

S$206k - S$244k

2-room Flexi (Type 2)

28

S$261k - S$314k

3-room

229

S$364k - S$487k

4-room

720

S$516k - S$696k

Estimated Completion Date: 1Q2028
Estimated Waiting Period: 53 months
Selection Period: Feb 2023 - Mar 2024

If you like the convenience of having two MRT lines at your doorstep, the upcoming Ghim Moh Natura Queenstown BTO project might just be the one for you. 

With just a 5-minute walk, you’ll be able to reach Buona Vista station, located on both the EWL and CCL. You’re also significantly nearer to Holland Village MRT station, that’ll require just a 5-minute drive.

As both North Buona Vista and Ghim Moh Link sites are relatively close, you can expect to enjoy the same amenities including The Star Vista, Holland Village Shopping Centre, and the upcoming One Holland Village.

November 2022 BTO: Queensway Canopy

Screen Shot 2022-11-23 at 2.14.10 PM

Source: HDB

Project name

Queensway Canopy

Site location

Along Queensway Road, bounded by the upcoming Queen’s Crescent 

No. of units

996

Unit types

3-room, 4-room

Nearest public transport

Queenstown MRT, Commonwealth MRT

Nearby schools

MDIS (Interim), New Town Primary School, Queensway Secondary School, Tanglin Trust School, Anglo-Chinese Junior College, Anglo-Chinese School (International), Fairfield Methodist Secondary School, Fairfield Methodist Primary School

Nearby amenities

Alexandra Village Food Centre, ABC Brickworks Hawker Centre, Alexandra-Queensway Park Connector, Alexandra Hospital, Queensway Shopping Centre, Anchorpoint Shopping Centre, IKEA Alexandra, Alexandra Central, Queenstown Swimming Complex & Stadium, Queenstown Community Centre, Mei Ling Market & Food Centre, Kent Ridge Park, 1st SCDP Division HQ/Alexandra Fire Station/ Neighbourhood Police Centre

Unit breakdown

Flat type

Number of units

Price

Community Care Apartment

245

S$82k - S$111k

3-room

88

S$392k - S$488k

4-room

663

S$551k - S$695k

Estimated Completion Date: 4Q2028
Estimated Waiting Period: 59 months (Community Care Apartment), 63 months (3-room, 4-room)
Selection Period: Feb 2023 - Mar 2024

Unlike the two projects mentioned above, the Queensway Canopy Queenstown BTO site is located relatively far to the nearest MRT — you will need to take a 13-minute walk to get to Queensway MRT station

This is the only Queenstown project that will not fall under PLH. 

However, we believe that units in this project will continue to be popular because of its close proximity to various malls, mainly Queensway Shopping Centre, Anchorpoint Shopping Centre, Alexandra Central and even IKEA Alexandra, which are just a short five-minute walk away. 

If you’re craving some hearty local dishes, you have plenty of options as well. Head down to either Mei Ling Market & Food Centre, Alexandra Village Food Centre or ABC Brickworks.

In close vicinity, there are also numerous amenities like the Alexandra Hospital, Queenstown Swimming Complex & Stadium, Queenstown Community Centre and Alexandra-Queensway Park Connector

The neighbourhood doesn’t lack schools either, including Anglo-Chinese School (International) and Fairfield Methodist Secondary School.

November 2022 BTO Queenstown price

This launch has high potential to be oversubscribed, and we won’t even be surprised if it turns out to be one of the most expensive BTOs in the November 2022 launch. 

Unit type

Previous Queenstown BTO Price (HDB BTO May 2022)

Previous Queenstown BTO Price (HDB BTO August 2021)

Median resale flat prices in the area

Community Care Apartment

-

-

-

2-room Flexi

-

-

-

3-room

S$369,000 – S$481,000

S$382,000 – S$464,000

S$385,000

4-room

S$511,000 – S$691,000

S$540,000 – S$670,000

S$829,000

Source: PropertyGuru

From the table, you can tell that HDB BTOs in Queensway come with an extravagant price tag. But if you’re looking to flip your flat, you can look forward to selling it for almost a million dollars after the potential 10-year MOP. 

The recent tightening of cooling measures has made choosing the right home loan even more important than ever. Compare the best home loan rates in the market with SingSaver!

More on this topic:

November BTO Launch 2022: What to Look Out For
HDB BTO November 2022 Bukit Batok Review: Refined Living Amidst Nature & Connectivity
HDB BTO Nov 2022 Yishun Review: Will This Be The Pick Of The Bunch?
HDB BTO November 2022 Tengah Review: Green Living In An Up-And-Coming Neighbourhood

November 2022 BTO: Queenstown analysis

Despite its potential high price tag and no 5-room flats available, we believe that the Queenstown projects will be heavily oversubscribed, given its accessibility to public transport, eateries, shopping malls and numerous good schools. 

Firstly, the project’s location is unparalleled; the sites at Ghim Moh Natura and Ulu Pandan Banks are just a couple of minutes’ walk to Dover and Buona Vista MRT stations respectively, while Queensway Canopy is only five stops away from Raffles Place in the CBD. 

On top of that, nearby amenities are also abundant — you can find good food options, malls, and sporting facilities near all three Queenstown projects. 

However, as two upcoming Queenstown November 2022 BTOs are a PLH project; besides having more stringent requirements, it’s also going to be one of the more expensive BTO launches.

The three downsides we can think of are: 

  1. Queensway Canopy's plot is a 13-minute walk to the nearest MRT
  2. There are no 5-room flats available, which means couples who want to start a family may want to look at the Yishun, Bukit Batok, or Tengah launches instead. 
  3. Price, price, price

On the flip side, other BTO launches in November 2022 are significantly lower — couples can snatch a prospecting 5-room unit under S$500,000 in Tengah and Yishun

As 5-room flats are not available at any of the three Queensway sites, we’d reckon that this BTO project will be more suitable for smaller households, such as seniors or couples without kids.

The HDB BTO Nov 2022 Queenstown flats are for you if:

  • Convenience and accessibility to public transport are your top priorities
  • You want good food options
  • You go to Town or CBD areas often
  • You want direct MRT connectivity to other lines i.e. Circline Line, East-West Line
  • You want access to a diverse range of amenities
  • You prefer living in lively neighbourhoods
  • You want to live in a mature estate

The HDB BTO Nov 2022 Queenstown flats are NOT for you if:

  • You want to start a big family
  • Queenstown BTOs are PLH projects, which means that the flats are likely to be smaller. For example, a typical 4-room BTO flat is 93 sqm, while 4-room PLH flats launched so far measure 89 sqm
  • You want a 5-room flat
  • Budget is your concern
  • Unable to wait out the 10-year MOP before flipping the house 

Looking to finance your home with a bank loan? Find and compare the best home loans on SingSaver. 

Read these next:

$1M HDB Flats in Singapore: Are They Worth The Hype?
Complete Guide To HDB Grants: How Much Can You Get?
Lower LTV Limit And Tighter HDB Loans: How The 2022 Property Cooling Measures Will Affect You
Everything You’ve Ever Needed to Ask About HDB Downpayments

 

Avid promo code hunter and haggler. Kendra doesn’t like paying full price for anything. She’s the best person to bring along if you’re travelling on a budget. Have an interesting story to tell? E-mail her at kendra.tan@singsaver.com.sg