Tanjong Rhu Riverfront I & II BTO: A Comprehensive Guide (June 2024 BTO)

The June 2024 BTO launch in Kallang/Whampoa features the Tanjong Rhu Riverfront I & II I & II project, offering a total of 2,063 units of 2-room Flexi, 3-room, and 4-room flats. These flats are spread across two blocks in the highly sought-after Tanjong Rhu area in District 15.

Also, stay tuned for the upcoming October 2024 BTO launch, offering the most number of new flats this year across prime locations in Singapore. One of the exciting Oct 2024 BTO launches is in Kallang/Whampoa where HDB will be offering open-concept layouts; there will also be launches in Ang Mo Kio, Bedok, Bukit Batok, Jurong West, Pasir Ris, Sengkang, and Woodlands.

Table of Contents:

Key points about the Tanjong Rhu Riverfront I & II BTO

• Location: Situated in the prime Tanjong Rhu area, known for its waterfront living and proximity to amenities.
• Unit types: Offers a variety of unit types to cater to different needs and budgets, including 2-room Flexi, 3-room, and 4-room flats.
• Accessibility: Well-connected by public transport, with upcoming MRT stations (Tanjong Rhu and Katong Park) on the Thomson-East Coast Line within walking distance.
• Amenities: Close to various amenities, including schools, shops, restaurants, and recreational facilities.
• Prime Location Public Housing (PLH) Model: Tanjong Rhu Riverfront I & II BTO falls under the PLH model, which means there are specific eligibility conditions and restrictions, such as a 10-year Minimum Occupation Period (MOP).
• Indicative prices: Prices for 2-room Flexi flats start from S$207,000, while 3-room and 4-room flats are priced higher.
• Application period: The application period for the June 2024 BTO exercise closes on 26 June 2024.
• High demand: Due to its attractive location and amenities, this project is expected to be in high demand.

Project overview of Tanjong Rhu Riverfront I & II BTO in Kallang/Whampoa

Project Name: Tanjong Rhu Riverfront I & II BTO
Address: Kallang/Whampoa, Singapore (bounded by Tanjong Rhu Road, Kampong Arang Road, and Sampan Place)
Flats Available: 2-room Flexi, 3-room, 4-room
Number of Units Available:
2-room Flexi (Type 1): 130
2-room Flexi (Type 2): 440
3-room: 197
4-room: 1,296
Total Units Available for Tanjong Rhu Riverfront I & II BTO: 2,063

Breakdown of Tanjong Rhu Riverfront I & II BTO prices

Recent price trends near Tanjong Rhu Riverfront I & II BTO

In recent years, Kallang/Whampoa has seen a steady increase in property prices due to its prime location and excellent amenities. The transacted prices for resale flats in the vicinity of Tanjong Rhu Riverfront I & II I & II BTO range from $730,000 to $1,080,000 for 4-room flats.

Recent transactions:

• Last Highest Transacted Price for a 4-Room Flat: $1.3 million 
• Number of Transactions from January 2023 to June 2024: 1,186
• Price Range for 4-Room Flats: $425,000 – $1.3 million
• Median Price: $618,000

Why Tanjong Rhu Riverfront I & II BTO is a great opportunity

1. Tanjong Rhu Riverfront I & II BTO is a PLH Flat

Tanjong Rhu Riverfront I & II BTO falls under the Prime Location Public Housing (PLH) model, which means the Minimum Occupation Period (MOP) of 10 years. While this is double the typical MOP of 5 years, flats will benefit from additional subsidies on top of the substantial market discounts already applied to all BTO flats. This ensures that flats remain affordable despite being in a prime location. As a result, the flats are priced significantly lower than comparable resale flats in the area.

2. Substantial financial benefits

The PLH flats in Tanjong Rhu Riverfront I & II BTO will come with additional subsidies, making them even more affordable. The subsidy recovery rate for these flats is set at 9%, which means that owners will need to return 9% of the resale price or valuation upon selling their flats.

3. Special allocation for 1st timer and 2nd timer families

To support family formations, 20% of the flats in Tanjong Rhu Riverfront I & II BTO will be set aside for first-timer families, and 2% for second-timer families under the Married Child Priority Scheme. This special allocation ensures that young families have a better chance of securing a flat in this prime location.

What’s so special about Kallang/Whampoa?

The location of Tanjong Rhu Riverfront I & II BTO in Kallang/Whampoa offers numerous benefits:

• Accessibility: Excellent connectivity via public transport and major roads, including the Kallang and Mountbatten MRT stations, which are just a short walk away.
• Amenities: Close proximity to shopping malls such as Kallang Wave Mall and City Square Mall, as well as healthcare facilities like Kallang Polyclinic and Tan Tock Seng Hospital.
• Educational Institutions: Nearby reputable schools such as Bendemeer Primary School, Hong Wen School, and St. Andrew’s Junior College.

The application process for Tanjong Rhu Riverfront I & II BTO

You can apply for the June 2024 BTO exercise online via the HDB Flat Portal from 19 June 2024 to 26 June 2024. However, there’s bound to be high competition for Tanjong Rhu Riverfront I & II as it is a PLH flat, similar to Holland Vista BTO, so to improve your chances of securing a flat in the June 2024 BTO exercise, you should consider applying for units in non-mature towns like Jurong East, Woodlands, and Yishun, where the supply is higher.

Application rates of past BTO projects in Kallang/Whampoa

4-room flats have seen the highest application rates in past BTO projects in Kallang/Whampoa. For example, the 477-unit Farrer Park Arena and the 1,422-unit Farrer Park Fields/Rajah Summit saw the highest oversubscription rates from Second-Timer Families at 30.7 and 32.6 respectively. Similarly, 3-room flats were just as popular among the same group of BTO buyers.

When and why you should consider a resale HDB flat

• If you need to move in immediately and cannot wait for the completion of a BTO flat, a resale flat allows for immediate occupancy.
• If you prefer a mature estate with established amenities like schools, shopping centers, and transportation networks, a resale flat offers a convenient and vibrant living environment.
• If you have specific preferences in terms of unit size, layout, floor level, and location, a resale flat offers a wider range of options than a BTO.
• If you value a sense of belonging and an opportunity to connect with an established community, a resale flat is typically integrated into existing neighborhoods.

Sell high, get more for your next BTO 

If you’re a 2nd timer family looking to sell your existing property to buy a BTO, we offer the most competitive commission rate of only 1% + GST and a dedicated team of professionals, including a Relationship Manager who will be with you every step of the way.

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FAQs about Tanjong Rhu Riverfront I & II BTO

1. What types of flats are available at Tanjong Rhu Riverfront BTO?

Tanjong Rhu Riverfront I & II BTO offers 2-room Flexi, 3-room, and 4-room flats, catering to different household sizes and needs. A total of 2,063 units are available in this prime location.

2. What is the waiting time for Tanjong Rhu Riverfront BTO flats?

The waiting time for Tanjong Rhu Riverfront I & II BTO flats is approximately 4 years. This allows residents to move into their new homes relatively quickly compared to other BTO projects.

3. What amenities are nearby Tanjong Rhu Riverfront BTO?

Residents will benefit from proximity to shopping malls like Kallang Wave Mall and City Square Mall, healthcare facilities such as Kallang Polyclinic and Tan Tock Seng Hospital, and reputable schools including Bendemeer Primary School and St. Andrew’s Junior College.

4. Is there any priority allocation for specific groups in this BTO project?

Yes, 20% of the flats in Tanjong Rhu Riverfront I & II BTO are set aside for first-timer families, and 2% for second-timer families under the Married Child Priority Scheme. This special allocation ensures that families have a better chance of securing a flat in this prime location.

5. How do I apply for a flat in Tanjong Rhu Riverfront BTO?

You can apply for a flat in Tanjong Rhu Riverfront I & II BTO online via the HDB Flat Portal from 19 June 2024 to 26 June 2024. Make sure you have all the necessary documents and submit your application within the specified period.