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Comparing All BTO Feb 2024 Launch Sites: Queenstown, Bedok, Hougang, Punggol, Woodlands, Choa Chu Kang

A total of 5,714 new BTO flats have been launched for sale for the BTO Feb 2024 sale exercise, with seven launch sites in six estates. 2 BTO Feb 2024 projects will be in mature estates Bedok and Queenstown, and the remaining will be in non-mature estates Punggol, Hougang, Woodlands, and Choa Chu Kang. 5 out of these 7 BTO Feb 2024 project launches have a waiting time of less than 3 and a half years: The 2 sites at Bedok, as well as Hougang, Punggol and Woodlands.

How much can you get in EHG?

Eligible first-timer families can benefit from the Enhanced CPF Housing Grant (EHG) of up to $80,000. With the EHG, you may buy a 3-room flat at $127,000 or a 4-room flat at $240,000 in the non-mature estate of Choa Chu Kang, and service your monthly mortgage payments using your CPF monthly contributions, with no cash payments.

In the mature estate of Bedok, the prices after grants start from $406,000 for a 4-room flat. Here's an overview of the starting BTO flat prices before and after grants, and the comparable resale prices of nearby flats.

Flat prices in BTO Feb 2024 exercise

TownProjectFlat
Type
Selling Price
(Excluding Grants)
Selling Price
(Including Grants*)
Transacted Prices of
Resale Flats Nearby
Non-Mature Estates
Choa Chu KangRail Garden @ CCK2-room
Flexi
From $102,000From $22,000$283,000 - $325,000
3-roomFrom $202,000From $127,000$402,500 - $417,000
4-roomFrom $300,000From $240,000$515,000 - $615,000
HougangTanjong Tree Residences @ Hougang 2-room
Flexi
From $136,000From $56,000-
3-roomFrom $247,000From $172,000$408,000 - $438,000
4-roomFrom $371,000From $311,000$530,000 - $654,888
PunggolMatilda Riverside2-room
Flexi
From $131,000From $51,000$325,000 - $360,000
3-roomFrom $242,000From $167,000$425,000 - $455,000
4-roomFrom $318,000From $258,000$530,000 - $605,000
5-roomFrom $464,000From $419,000$650,000 - $745,000
WoodlandsWoodgrove Edge2-room
Flexi
From $119,000From $39,000$320,000 - $348,000
3-roomFrom $223,000From $148,000$415,000 - $470,000
4-roomFrom $303,000From $243,000$520,000 - $615,888
5-roomFrom $412,000From $367,000$620,000 - $718,000
Mature Estates
BedokBedok South Bloom
Bedok North Springs
2-room
Flexi
From $155,000From $75,000-
4-roomFrom $451,000From $406,000$690,000 - $858,888
5-roomFrom $605,000From $575,000$870,000 - $970,000
Prime Location Public Housing Model
QueenstownTanglin Halt Courtyard2-room
Flexi
From $235,000From $155,000-
4-roomFrom $565,000From $520,000$848,888 - $1,000,000
*The starting prices stated are based on 99-year leases. It also includes the costs of floor finishes, internal doors, and sanitary fittings.

BTO Feb 2024 launch sites

HDB TownFlat TypesNumber of units
BedokSite 1: 2-room flexi, 4-room
Site 2: 2-room flexi, 4-room, 5-room
961 (Total)
Choa Chu Kang2-, 3-, 4-room465
Hougang2-, 3-, 4-room360
Punggol2-, 3-, 4-, 5-room962
Queenstown2-, 4-room251
Woodlands2-, 3-, 4-, 5-room1,127

While we’re certain the BTO Feb 2024 project to be launched on the former Tanglin Halt site — Tanglin Halt Courtyard — in Queenstown will win everyone’s ballot for its central location, we also want to explore what the rest of the BTO Feb 2024 launch sites will offer. 

https://ohmyhome.com/en-sg/blog/the-full-list-of-bto-2024-projects-location-price-2024/

BTO Feb 2024 launch sites in mature estates

1. Tanglin Halt Courtyard (Queenstown)

Image Source: Reddit

PLH model

Tanglin Halt Courtyard is offered under the Prime Location Public Housing (PLH) model, which means if you won the ballot for a flat in this BTO Feb 2024 project, you will have to return 8% of the resale price or valuation (whichever is higher), upon selling your flat.

https://ohmyhome.com/en-sg/blog/how-will-the-prime-location-public-housing-plh-model-affect-me/?utm_source=blog&utm_medium=clickthru&utm_campaign=BTOFeb2024SiteComparison

Lower priority quota for 1st & 2nd timer families

20% of the units in Tanglin Halt Courtyard will be set aside for 1st timer families, and 2% for 2nd timer families under the Married Child Priority Scheme. This is two-thirds of the usual priority quota for BTO flats in mature estates, which is typically 30% for 1st timer families and 3% for 2nd timer families.

Tanglin Halt Courtyard: Project Details

Artist's impression of Tanglin Halt Court, a BTO project for the Feb 2024 BTO exercise

Nestled between Commonwealth Drive and Tanglin Halt Road, Tanglin Halt Courtyard occupies the former site of the Tanglin Halt Neighbourhood Centre. This development comprises a 48-storey residential block seamlessly integrated with various amenities. These amenities include a 2-storey market and hawker centre with a roof garden, a polyclinic, a preschool, and a residents' network centre. Under the Prime Location Public Housing (PLH) model, the project offers 251 units of 2-room Flexi and 4-room flats.

Situated within the Health District @ Queenstown, Tanglin Halt Courtyard provides residents with a range of recreational and communal facilities aimed at improving physical, social, and mental well-being. The central heritage courtyard, where mature trees from the site's history still stand, serves as a focal point and gives inspiration to the project's name. Moreover, sky terraces within the residential block offer serene spaces for relaxation, while playgrounds and fitness stations encourage an active lifestyle for residents of all ages. For additional recreational opportunities, the nearby Rail Corridor offers an alternative venue for outdoor activities and exercise.

Tanglin Halt Courtyard: Location Review

As mentioned above, Tanglin Halt Courtyard will be a redevelopment of the former Tanglin Halt, along Tanglin Halt Road and Commonwealth Drive. This site is about 5 minutes away from the Commonwealth MRT (EW20) and is right next to New Town Primary School, only a 3-min walk away, and Queenstown Secondary School. A football field is also just across the street. 

Pros: The Tanglin Halt site has been described as an “integrated” development, which likely means a connection to an MRT station and a commercial element such as a shopping centre. 

Cons: Because of its prime location, being close to Buona Vista, which houses Star Vista mall, as well as Holland Village and One-North, there will likely be high demand, which may make balloting competitive. Also, it may be released under HDB’s PLH model which means a longer MOP of 10 years.

2. Bedok South Bloom (Site 1)

Artist's impression of Bedok South Bloom, a BTO project for the Feb 2024 BTO exercise

Bedok South Bloom: Project Details

There are two BTO Feb 2024 sites launched in Bedok. This 1st site is in Bedok South, called Bedok South Bloom, consists of two residential blocks, each towering 25 storeys high, along with a precinct pavilion and a 6-storey Multi-Storey Car Park (MSCP) block. The MSCP block will also house a preschool on its ground floor. With a choice of 528 units comprising 2-room Flexi and 4-room flats, residents have a variety of options to select from.

Bedok South Bloom is envisioned with lush landscaping, boasting abundant flora and fauna throughout the premises. Those seeking tranquility can find solace in the sensory garden or atop the MSCP's roof garden. The project's central green area provides activity spaces such as children's playgrounds and fitness corners, catering to various recreational needs.

Bedok South Bloom: Location Review

Aerial view of Bedok Feb BTO 2024 in Google Maps

It's located at the intersection of New Upper Changi Road and Bedok South Ave 2. It’s next to Bedok Green Primary School and across Bedok Stadium. The nearest MRT station is Bedok MRT (EW5), though it’s about a 15-min walk. Some buses will take you straight there, so that should be no problem. This station is also home to Bedok Point mall. 

Pros: Bedok South is close to numerous heartland amenities such as Marketplace @ 58 where you can get practically everything you need on a day-to-day basis. You’ll also find lots of sports facilities, from the sports complex across the street to neighbourhood parks and playgrounds. 

Cons: While its proximity to primary schools may be positive, on the other hand, it may mean more noise and traffic during peak hours. 

3. Bedok North Springs (Site 2)

Artist's impression of Bedok North Springs, a BTO project for the Feb 2024 BTO exercise

Bedok North Springs: Project Details

The 2nd BTO Feb 2024 launch site in Bedok is in Bedok North, named Bedok North Springs, which comprises three residential blocks, each towering 16 storeys high. With a selection of 433 units ranging from 2-room Flexi to 4- and 5-room flats, residents have ample choices for their ideal home.

The project's name, Bedok North Springs, draws inspiration from the spring season and the abundance of green spaces within. A central open space serves as a hub for communal activities, offering amenities such as children's playgrounds, fitness stations for adults and seniors, and resting shelters. The roof garden atop the Multi-Storey Car Park (MSCP) provides an ideal setting for neighborly interactions. Additionally, a preschool will be conveniently located within the project premises.

Bedok North Springs: Location Review

Aerial view of Bedok Feb BTO 2024 in Google Maps

Bedok North Springs is close to where the PIE intersects with Bedok North Ave 3. It’s right beside Yu Neng Primary School and about a 7-min walk to Bedok Reservoir MRT (DT30) on the Downtown line, which connects you to the CBD. 

There’s no shortage of amenities in Bedok North, with neighbourhood parks, community centres, and Marketplace @ 58 either a walk or bus ride away. 

Pros: You may be able to enjoy a waterfront view with Bedok Reservoir nearby, and easy transportation as the PIE is only a short drive away. 

Cons: Proximity to the PIE might result in noise pollution. Also, a lot can happen in 5 or 10 years, which means your view may be affected by future developments.

BTO Feb 2024 launch sites in non-mature estates

1. Matilda Riverside (Punggol)

Artist's impression of Matilda Riverside, a BTO project for the Feb 2024 BTO exercise

Matilda Riverside: Project Details

Derived from the nearby historical Matilda House and the verdant environment surrounding it, the name 'Matilda Riverside' captures the essence of the project. Throughout the communal areas, motifs of marine creatures like fish and otters pay homage to the area's waterfront location and rich history.

The project boasts an array of amenities including children’s playgrounds, fitness facilities for adults and seniors, a hardcourt, and a residents’ network centre. Additionally, a standalone preschool spanning three storeys faces the lush common green. This green space is adorned with further facilities such as fitness stations for adults and seniors, additional playgrounds, and a multi-purpose court.

Matilda Riverside: Location Review

Aerial view of Punggol Feb BTO 2024 in Google Maps

Matilda Riverside, located in Punggol, on Sumang Lane, has about 3 LRT stations nearby. They’re all about a 15-min walk away, so we wouldn’t say it’s close, but near enough. There’s a mix of primary and secondary schools nearby, as well as some amenities. However, it’s not the most developed area out of all the BTO Feb 2024 launch sites.

Pros: This site’s notable feature is undeniably the waterfront view of Punggol Reservoir, which is a draw if you appreciate living close to water bodies and the serene atmosphere they provide. 

Additionally, the area is still being developed, which means there is potential for future growth and development, possibly leading to an increase in amenities and infrastructure over time. 

Cons: However, the site currently has limited accessibility — an important consideration if you rely on public transportation or require convenient access to other parts of Singapore.

2. Tanjong Tree Residences @ Hougang (Upper Paya Lebar - Hougang)

Artist's impression of Tanjong Tree Residences @ Hougang, a BTO project for the Feb 2024 BTO exercise

Tanjong Tree Residences @ Hougang: Project Details

Tanjong Tree Residences @ Hougang comprises four residential blocks varying in height from 9 to 12 storeys. With a total of 360 units available, residents can select from 2-room Flexi, 3- and 4-room flats.

The project's name pays homage to the Tanjong Tree, a heritage symbol in the vicinity. Within the central courtyard, green spaces invite leisurely strolls. Residents can also enjoy amenities such as children's playgrounds and fitness stations catering to adults and seniors.

Adjacent to the development, residents can find everyday conveniences including a preschool, dining options, a supermarket, and retail outlets. Additionally, residents will benefit from the Multi-Storey Car Park (MSCP) located at Block 182 of the neighboring precinct, which features a roof garden. Refer to the site plan provided for details on the facilities accessible within Tanjong Tree Residences @ Hougang. These facilities will be open to the public.

Tanjong Tree Residences @ Hougang: Location Review

Aerial view of Hougang Feb BTO 2024 in Google Maps

The Hougang site is at Hougang Ave 1, along the future road Hougang Street 13. There are numerous schools nearby, including Punggol Green Primary School and Yusof Ishak Secondary School.

Pros: There are more development plans for this area that could lead to higher growth and demand in the future. The nearby Seletar Aerospace Par is also convenient for those who are, or plan to be, working there. 

Cons: As the site is close to Paya Lebar Airbase, you may have to contend with a lot of noise.

3. Woodgrove Edge (Woodlands)

Artist's impression of Woodgrove Edge, a BTO project for the Feb 2024 BTO exercise

Woodgrove Edge: Project Details

Comprising seven residential blocks, varying in height from 15 to 16 storeys, there are a total of 1,127 units, including 2-room Flexi, 3-, 4-, and 5-room flats on offer for Woodgrove Edge.

You'll benefit from the convenience of on-site amenities such as a minimart, shops, eating house, preschool, and residents' network centre. Additionally, Woodgrove Edge will feature multiple playgrounds and fitness stations, promoting an active and healthy lifestyle for residents of all ages. Adding to the allure, the project includes two roof gardens, each crowning a Multi-Storey Car Park (MSCP), providing tranquil green spaces for relaxation and community bonding. Nearby, a future park offers an alternative venue for outdoor recreation and exercise.

Woodgrove Edge: Location Review

Aerial view of Woodlands at Seletar Expressway Feb BTO 2024 in Google Maps

This site is along Seletar Expressway, bounded by Woodgrove Ave and Rosewood Drive, and its closes MRT station is Woodlands South MRT (TE3) on the new Thompson-East Coast line, which easily brings you to the city centre and to the East region of Singapore. 

However, this is not within walking distance, and neither is Woodlands MRT (NS9/TE2). You’ll need to take a bus to reach the station and/or Causeway Point mall right next to it. 

Pros: The Woodlands site of the BTO Feb 2024 launch offers the most BTO flats, at 1,120 units. So if you are serious about getting a new flat, this could be your top choice.  

Cons: Woodlands is not so heavy on nearby amenities, which may not be as appealing if you prioritise convenience above all else. 

https://ohmyhome.com/en-sg/blog/woodlands-may-be-the-next-big-thing-for-property-investors-heres-why/?utm_source=blog&utm_medium=clickthru&utm_campaign=BTOFeb2024SiteComparison

4. Rail Garden @ CCK (Choa Chu Kang)

Artist's impression of Rail Garden @ CCK, a BTO project for the Feb 2024 BTO exercise

Rail Garden @ CCK: Project Details

Rail Garden @ CCK comprises six residential blocks ranging from 5 to 11 storeys, along with a 4-storey Multi-Storey Car Park (MSCP) featuring a ground-level preschool and a roof garden, the project presents a total of 465 units, including 2-room Flexi, 3-, and 4-room flats.

Rail Garden @ CCK provides an array of recreational and communal facilities for residents, including children’s playgrounds, fitness stations tailored for adults and seniors, and tranquil rain gardens. Embracing the area's rich railway heritage, the project's landscape design and precinct pavilion draw inspiration from railway platforms and tracks.

Rail Garden @ CCK: Location Review

Aerial view of Choa Chu Kang Feb BTO 2024 in Google Maps

The Choa Chu Kang site is along where Woodlands Road intersects with KJE, and is right beside Sungei Pang Sua.  

Pros: It’s close to at least 2 park connectors, Stagmont and Pang Sua. with numerous schools nearby. 

Cons: While there are a good number of primary and secondary schools nearby, there are not a lot of amenities. They’re further away in the Senja enclave or at Junction 10, which should be a couple of bus stops away. 

Pros and cons of all BTO Feb 2024 launch sites

BTO Feb 2024 ProjectProsCons
Bedok South BloomClose to amenities like Marketplace @ 58 and Bedok Green Primary School; Bedok MRT station is accessible via a short bus ride.Proximity to Serangoon and Tai Seng Industrial Park could be beneficial for those working in the area.
Bedok North SpringsNear the PIE for easy transportation; potential views of Bedok Reservoir; close to Yu Neng Primary School.The proximity to the PIE might result in noise pollution; views may be affected by future developments.
Rail Garden @ CCKNear the Rail Corridor and Pang Sua River, appealing to nature lovers.Accessibility is not as convenient compared to other sites; amenities are further away in the Senja HDB enclave.
Woodgrove EdgeOffers a larger number of units; low-density surroundings and potential views of Mandai.Not heavy on amenities; may not be as appealing to those who prioritize convenience.
Tanjong Tree Residences @ HougangProximity to Serangoon and Tai Seng industrial park could be beneficial for those working in the area.Close to Paya Lebar Airbase, which may be subject to noise; the area is quieter and may not have as many amenities.
Matilda RiversideOffers waterfront views of Punggol Reservoir; part of a developing area.Limited accessibility and fewer immediate amenities compared to more mature estates.
Tanglin Halt CourtyardIntegrated development next to Commonwealth MRT station; close to Buona Vista, Holland Village, and One-North.High demand for this prime location may make balloting competitive.

Don’t want to risk getting rejected for a BTO 2024? Buy a HDB resale flat instead!

Speak to any of our property agents for free! Simply drop us a message on WhatsApp or our Live Chat at the bottom, right-hand of the screen. 

Not ready to talk to an agent? Let us match you with your dream home

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The Future of Homeownership is Here: Homer AI Redefines Real Estate Technology

The ever-evolving landscape of technology may be one step for man, but it is one giant leap for mankind. The digital revolution we’re in today has, I’m sure, touched all aspects of your life, from ChatGPT becoming your go-to search console instead of Google, to TikTok and YouTube replacing traditional modes of entertainment like cable TV. It has also revolutionised the property industry.

However, while there are many portals for homeowners like you to browse and post property listings, there are almost no tools that provide reliable information about your home and the property transaction process in one place. 

Property portals such as SRX, PropertyGuru, or EdgeProp have fragmented their home valuation tools, property market reports, and financial calculators; You have to piece all the pieces together on your own and, frankly, it’s too much time and effort. 

So we developed a tool that would place the most crucial information about your home in one app. In just a few minutes, you’ll get access to everything you need to know about your home. 

Check out Homer AI today

Ohmyhome Co-founder Race Wong sitting on the couch on her phone

Homer AI is your new Home Ownership Management & e-Valuation tool that can help you:

  • Stay updated on the property market. No more waking up to thousands of news articles about new cooling measures. Get it straight from HomerGPT. Ask any question and get answers instantly.

If you own a HDB flat, you can easily sign up with Singpass. Don’t worry, we won’t have access to any of your personal information. This is to make signing up easier for you, and to verify that you are the real owner of the property you sign up with. 

Leverage the power of your home valuation 

Homer AI gives you an accurate estimation of your home value, based on key home features and latest transactions, using data from trusted sources to ensure reliable estimates.

More importantly, our smart algorithm is powered by technology to capture up-to-date market pricing, including the transaction prices of properties recently sold from major property portals.

Please take note that your Home e-Valuation by Homer AI does not represent an official appraisal and should only serve as a starting reference for your home's indicative value.

How much cash can you keep after selling your home?

With Homer AI, you can also track and monitor your cashflow with financial calculators to help you determine your budget for your next home purchase.

Before we had the technology to automatically compute our sellers’ cash proceeds, we had to do the math manually. We wrote this looooong article to explain the nitty gritty of it.

https://ohmyhome.com/en-sg/blog/how-to-calculate-your-cash-proceeds-from-your-home-sale/?utm_source=blog&utm_medium=backlink&utm_campaign=selling-hdb-guide-hdb-resale-application

But months later, after developing Homer AI, which mastered the science of property financial calculations, this article was basically rendered useless. As it goes, if you can let a smarter friend do your homework for you, why do it yourself?

Do you have enough to buy your next home?

Homer AI doesn’t just know how to calculate your cash proceeds, it can also tell you how much you need, in cash and CPF, plus loans, to buy your next home. 

Find out how much you can afford for your next home without doing the math yourself. Leave it to the AI genius. Using our Affordability Calculator, simply enter your financial details, from your cash on hand and monthly loan repayments to your intended loan type and tenure. 

Go a step further and figure out how much you can save on your mortgage with Homer AI’s Mortgage Calculator. 

Let HomerGPT answer all your property questions instantly

Your AI property expert, armed with precise data from reliable sources, is ready to provide you with all the information you will need about your home. Ask HomerGPT your questions here.

https://ohmyhome.com/en-sg/blog/your-ai-property-expert-is-here-introducing-homergpt-beta/

Find potential buyers before you even sell your home

You don't have to wait for your selling process to start with your property agent before knowing how many potential buyers there are in the market. Homer AI will give you a list of potential buyers looking for a property similar to yours, complete with their ideal move-in timeline and budget.

Browse through available listings for sale and rent in the same place

Want to sell and buy in one go? No problem. Browse through numerous Ohmyhome listings in the same app.

This is a screenshot from the Homer AI app. Download it here for Apple users, and here for Android users.

Be empowered to make smarter property decisions with Homer AI

As a customer-first property technology platform, we are committed to giving you a tailored experience with Homer AI. Through the Homer AI app, you can buy, sell, rent, or renovate from the comfort of your own space. We didn’t build this tool to add more products under our brand, but to give you the power to make informed decisions.

12,500 homes trust Homer AI

With 12,500 homes connected as of the end of January 2024 and growing, we have built a strong user base. Many homeowners have come to rely on Homer AI’s accurate home valuation and comprehensive financial planning tools to navigate the real estate market. Active users make up an impressive 35% of the community, a testament to the value it provides.

Over 9,000 HDB flat owners and 3,004 condo owners use Homer AI

In Singapore, HomerAI has connected with 9,506 HDB flats, resulting in a staggering total value of S$6.17B billion, with an average home value of S$650,000. Additionally, 3,004 condo units have embraced HomerAI, accounting for an impressive S$5.64 billion, with an average home value of S$1.880 million.

The Gross Merchandise Value (GMV) generated by HomerAI stands at a remarkable $9.1 billion, which represents a group of homeowners who are looking for more digitised and streamlined services.

HomerAI is for you

HomerAI isn't just a platform; it's a new product dedicated to homeowners like you. It represents the future of homeownership, where cutting-edge technology meets the needs and aspirations of those who dream of owning their own space. In Homer AI's realm, you gain more than just a number or a price tag; you also gain a wealth of knowledge and a powerful set of tools to make informed decisions, as well as a suite of services that they can engage daily at your fingertips.

We are continuously bringing new features and updates to Homer AI to further empower you in having access to information and control over your home selling and buying journeys. We are also bringing more opportunities for you to earn more than you might expect with offers from our partners so you don’t miss out on great deals. 

Stay tuned and ensure you enable notifications to receive the latest updates or changes in home values based on the latest transactions in the market!

The journey of homeownership has never been more exciting. Welcome to the future of homeownership with Homer AI. 

Done enough research? Speak to a property agent today!

Property agent speaking to a couple

Drop us a message on WhatsApp to get an immediate callback or talk to us via our Live Chat at the bottom, right-hand corner of the screen.

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All You Need to Know About Matilda Riverside in Punggol: Feb BTO 2024 Exercise

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More details have been released by HDB about the Feb BTO 2024 project in Punggol: Matilda Riverside. There will be 962 units on offer, comprising 7 residential blocks ranging from 10 to 19 storeys, with a waiting time of 3 years and 1 month, the shortest (reportedly) in the latest BTO 2024 exercise. Matilda Riverside will be the first BTO project to be launched in Punggol in more than 4 years. The last – Punggol Point Crown and Punggol Point Cove – were launched in September 2019.

https://ohmyhome.com/en-sg/blog/the-full-list-of-bto-2024-projects-location-price-2024/

All you need to know about Matilda Riverside in Punggol

BTO project nameMatilda Riverside
Launch sitePunggol
AddressSumang Lane
Total no. of units962
Flat types2-room
3-room
4-room
5-room
Waiting time3 years, 1 month
Nearest MRT station & expresswaysFarmway LRT (15 min walk)
Cheng Lim LRT (15 min walk)
Soo Teck LRT (15 min walk)
TPE
Nearest amenitiesPunggol Reservoir
Watertown/ Waterway Point
SAFRA Clubhouse
My Waterway @ Punggol
Sengkang Riverside Park
Sheng Siong Supermarket
Sengkang Active SG Sports Centre
Punggol West Community Centre
Nearest schoolsPunggol Green Primary School & MK @ Punggol Green
Edgefield Primary School
Punggol Cove Primary School & MK @ Punggol Cove
Edgefield Secondary School
Yusof Ishak Secondary School
Valour Primary School & MK @ Valour
Punggol Secondary School

The Matilda Riverside Feb BTO 2024 project will be located next to Punggol Reservoir in the Matilda District, one of the seven waterfront housing districts in Punggol. “The urban design of this district, including the BTO projects," said HDB, "draws inspiration from the former Matilda House built in 1902, which had a distinctive tropical style accentuated by architectural features such as open verandahs and collonaded walkways. Hence, the vision for Matilda District — 'Veranda by the Waterfront'."

Matilda Riverside units were designed to provide residents with “panoramic views of the waterfront and the courtyard spaces in between the blocks”, HDB said.

Residents will enjoy easy access to an array of amenities, including playgrounds, fitness facilities, a hardcourt, a residents’ network centre, a preschool, and a communal green area featuring a versatile multi-purpose court.

Atop the multi-level car park, a rooftop garden will boast a community gardening zone, while a dedicated cycling and jogging path along Sumang Lane will grant direct passage to the waterfront promenade and the Punggol Park Connector.

The landscaping in Matilda Riverside will aim to “bring residents closer to nature, with blocks seamlessly connected to greenery”, the Housing Board added.

Furthermore, communal areas will incorporate marine-themed motifs, such as fish and otters, paying homage to the locale's waterfront origins and its rich history as a fishing village.

https://ohmyhome.com/en-sg/blog/a-comparison-of-all-hdb-bto-feb-2024-launch-sites-queenstown-bedok-hougang-punggol-woodlands-choa-chu-kang/

Amenities near Matilda Riverside in Punggol

There are about 3 LRT stations near Matilda Riverside. They’re all about a 15-min walk away, so we wouldn’t say it’s close, but near enough.

There’s a mix of primary and secondary schools nearby, as well as some amenities. However, it’s not the most developed area out of all the BTO Feb 2024 launch sites.

Pros: The site’s notable feature is undeniably the waterfront view of Punggol Reservoir, which is a draw if you appreciate living close to water bodies and the serene atmosphere they provide. 

Additionally, the area is still being developed, which means there is potential for future growth and development, possibly leading to an increase in amenities and infrastructure over time. 

Cons: However, the site currently has limited accessibility — an important consideration if you rely on public transportation or require convenient access to other parts of Singapore.

Not keen to wait more than 3 years for a new home in Punggol? Buy a resale HDB flat or private property with Ohmyhome

Speak to any of our property agents for free! Simply drop us a message on WhatsApp or our Live Chat at the bottom, right-hand of the screen. 

Not ready to talk to an agent? Let us match you with your dream home

Let our smart data-matching technology match you with the right homeaccording to your specific needs. Submit your preferences to us and our algorithm will filter all our available listings based on those, and we’ll WhatsApp them to you once we find a match.

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Singapore Budget 2024: 4 Property-Related Changes All Homeowners Need to Know

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The Singapore Budget 2024 speech by Deputy Prime Minister Lawrence Wong on 16 Feb 2024 included a significant change to property taxes, ABSD remissions, and vouchers for BTO applicants. 

Here’s all you need to know about Singapore Budget 2024 if you own a home:

#1: Potentially lower property tax in 2025

Man doing his taxes, counting coins

As DPM Lawrence Wong highlighted in his Budget 2024 speech last week, market rents have increased from 2022 onwards due to stronger demand and Covid-related supply-demand constraints. This has caused tax rates to rise even for lower-value homes. 

Starting next year, there will be revisions to the tax rates for the AV bands of owner-occupied residential properties. This adjustment aims to maintain the equitable distribution of tax burden, with owners of high-end properties bearing the majority of the load, while the rest of Singaporeans pay the same or potentially reduced property tax rates.

Some homeowners will pay less property tax when the annual value (AV) bands for owner-occupied properties are raised next year

This is assuming there is no change in their AV and before any rebate.

Marginal Property Tax RatePortion of AV
from 1 Jan 2024 to 31 Dec 2024
Portion of AV
from 1 Jan 2025
0%$0 - $8,000$0 - $12,000
4%> $8,000 - $30,000> $12,000 - $40,000
6%> $30,000 - $40,000> $40,000 - $50,000
10%> $40,000 - $55,000> $50,000 - $75,000
14%> $55,000 - $70,000> $75,000 - $85,000
20%> $70,000 - $85,000> $85,000 - $100,000
26%> $85,000 - $100,000> $100,000 - $140,000
32%> $100,000> $140,000

From Jan 1, 2025, the lowest AV band threshold will be raised from $8,000 to $12,000. The highest threshold will increase from over $100,000 to over $140,000. Corresponding adjustments will be made to bands in between.

This means homeowners can expect to pay the same or lower property taxes at each band, assuming there is no change in their AVs and before any rebate.

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#2: 24-month interest-free instalment plan for retirees

To better support retirees living in high-end homes who may have inherited the property from their parents or grandparents, which could have seen significant appreciation in the past few years, IRAS will be offering a 24-month interest-free instalment plan for which they can apply, as long as the following criteria are met:

  • All owners of the property are 65 years old and above
  • The applicant must be an owner-occupier of the property (e.g. living in the property they own)
  • The applicant’s Assessable Income must not exceed $34,000, based on the latest tax assessment available

Eligible retirees can apply for the EGS Residential Property (Retirees) via myTax Portal from 19 Feb 2024 onwards. 

#3: ABSD remissions for single Singaporeans 

Married couples have been eligible for an Additional Buyers’ Stamp Duty (ABSD) remission; if one spouse is Singaporean and they sell their previous property within 6 months of buying a new one. This concession will now extend to single Singaporeans aged 55 and above as long as the following conditions are met:

  • ABSD has been paid on the replacement property.
  • Each first property is solely owned by a single Singapore citizen (SC) aged 55 and above, or with single SCs aged 55 and above who are immediate family members*.
  • The owners of each first property need to be the owners of the replacement property. Any additional owners purchasing the replacement property with the owners of each first property must also be single SCs aged 55 and above who are immediate family members. There should be no change of ownership in the replacement RP at the time of the sale of each first property.
  • The buyer(s) do not own more than one property each at the point of purchasing the replacement property, and have not purchased or acquired any other property since the purchase of the replacement property.
  • The value of the replacement property is less than the value of each of the first property sold.**
  • The buyer(s) dispose of the first property (whether co-owned or separately owned) within six months after the date of purchase of a completed property, or the issue date of the TOP or CSC of an uncompleted property, whichever is earlier.
  • The application for the refund of ABSD is made within six months after the date of sale of the first property.

* Immediate family members refer to one’s parent, child, or sibling.
** The value refers to the higher of the purchase price or market value of the property purchased/sold. The value of the replacement RP is that as at the date of purchase of the replacement property, while the value of the first RP is that as at the date of sale of the first RP.

#4: One-off rental vouchers for families waiting for their BTO flat to be completed

Families under the Parenthood Provisional Housing Scheme (PPHS) will get a one-time rental voucher to offset their rental, for any HDB flat in the open market, while waiting for their BTO flat. The amount has not been revealed yet.

Recap on Singapore Budget 2023 for homeowners:

  • First-timer families applying for a BTO get an additional ballot
  • First-timer families buying resale flats get increased CPF Housing Grant
    • $30,000 for 4-room flats and smaller
    • $10,000 - 5-room flats and bigger
    • Together with the Enhanced CPF Housing Grant and the Proximity Housing Grant, eligible families can receive up to $190,000 in grants when buying a resale flat.

Should you sell and buy a property in 2024?

Property agent speaking to a couple

Everyone’s situation is different, so the answer to this varies. To find out whether it IS a good time for you to start a property journey, drop us a message on WhatsApp to reach any of our Super Agents. Empowered by proprietary technology and years of experience under their belt, they will be able to provide strategic advice on your next steps. You can also chat with us via our Live Chat at the bottom, right-hand corner of the screen.

Not ready to talk to an agent? Stay updated on your property valuation and recent transactions near you with Homer AI

Homer AI is our home ownership management & e-Valuation tool that will provide an accurate estimation of your home valuation that’s updated every month, so you can track if it increased, stayed the same, or decreased.

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Homer AI can also help you:

  • Estimate how high you can sell your home. With an accurate home valuation, you’ll know the exact market rate for your home and negotiate with confidence.
  • Financially plan for your next dream home. How much do you actually get to keep? Do you have enough for your next home? Relax, leave the calculations to Homer AI.
  • Stay updated on the property market. No more waking up to thousands of news articles about new cooling measures. Get it straight from one source.

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