1,200 BTO Flats to Be Launched for Sale in Chencharu This June 2024 BTO Exercise

A new Build-To-Order (BTO) project is coming to Chencharu in the June 2024 BTO exercise, a new housing estate in Yishun, situated near Khatib MRT station. About 10,000 homes are expected to be built, 80% of which will be public housing. The Chencharu BTO project will comprise 1,200 units ranging from 2-room Flexi to 5-room flats, a sizeable supply of new housing options for those who want to live closer to their parents.

Chencharu BTO Highlights

• Sustainable Living: The project incorporates green building technologies and eco-friendly designs. Solar panels, energy-efficient systems, and ample green spaces are integrated to reduce the carbon footprint and create a healthier living environment.
• Comprehensive Amenities: You can look forward to a wide range of facilities including community centers, playgrounds, and sports facilities within the Chencharu estate. Retail and dining options will also be added, as well as recreational, community, and commercial facilities, to complement existing spaces at Khatib Central and HomeTeam NS Khatib.
• Enhanced Connectivity: Strategically located near Khatib MRT station, the Chencharu BTO project ensures seamless connectivity to major transport nodes.
• Community-Centric Design: The design emphasizes community interaction with communal gardens, rooftop terraces, and social spaces.
• Smart Home Features: Units in the Chencharu BTO project will be equipped with smart home technologies, such as remote-controlled lighting and air conditioning systems.

Chencharu BTO Project Details

The Chencharu BTO project will offer a variety of flat types catering to different family sizes and needs. This includes 2-room Flexi, 3-room, 4-room, and 5-room units. Each flat type is thoughtfully designed to maximise space and provide a comfortable living environment.

Future Prospects for Chencharu BTO

Chencharu was first identified as a new housing area by the Urban Redevelopment Authority (URA) in June 2022. Two tenants in that area, including the Orto leisure park which housed prawning and longkang fishing ponds, vacated their premises last June to make way for redevelopment.

The Chencharu BTO project is set to be a landmark development, reflecting HDB’s vision of creating vibrant and sustainable living spaces for Singaporeans. With its comprehensive amenities, strategic location, and focus on sustainability, it promises to be a desirable choice for future homeowners.

Where is Chencharu?

Chencharu is located in the northern part of Singapore, near Yishun and Sembawang. This area is known for its tranquil environment, offering a blend of suburban serenity and urban convenience. Here’s what you can look forward to:

• Nature and Recreation: You’re close to nature parks like Lower Seletar Reservoir Park and Sembawang Park, perfect for outdoor activities and leisurely strolls.
• Shopping and Dining: With Northpoint City and Causeway Point nearby, you have a wide range of shopping and dining options to explore.
• Educational Institutions: The area is home to several reputable schools, including: Yishun Innova Junior College, Peiying Primary School, Naval Base Secondary School, Chung Cheng High School (Yishun), and Naval Base Primary School,
  
• Healthcare Facilities: With Yishun Community Hospital and Khoo Teck Puat Hospital in the vicinity, you’ll have peace of mind knowing that healthcare services are easily accessible.

An Overview of the June 2024 BTO projects

In addition to the Chencharu project, the June 2024 BTO exercise includes several other notable developments across Singapore. Here is a brief overview:

1. Jurong East: This project will offer 1,070 units, making it the only development in the west for this exercise. It boasts good public transport connectivity and proximity to Pandan Reservoir, offering residents a scenic environment .
2. Kallang/Whampoa: Comprising two adjacent plots along Tanjong Rhu Road, this development will provide 2,020 units. The project is close to Kallang Sports Hub, the Singapore Indoor Stadium, and Kallang Wave Mall, offering abundant leisure options .
3. Queenstown: The first BTO launch in this area in a decade, located near Holland Village, will offer 330 units. This project is expected to be highly sought after due to its prime location and excellent amenities, including proximity to Buona Vista and Holland Village MRT stations .
4. Tampines: With 550 units, this development is near Tampines West MRT station and various amenities like Tampines Round Market & Food Centre and Bedok Reservoir for recreational activities.
5. Woodlands: Offering 1,590 units, this project is conveniently located near Woodlands MRT stations and major amenities like Causeway Point and Woodlands Civic Centre .
6. Yishun: This project will provide 1,270 units near Khatib MRT station and a range of amenities including Lower Seletar Reservoir Park and Northpoint City .

2023 BTO Application Rates

In 2023, the demand for BTO flats remained robust. Mature estates like Queenstown and Kallang/Whampoa consistently saw higher application rates compared to non-mature estates. This higher demand is largely driven by the established amenities, superior connectivity, and the prestige associated with living in mature estates. For instance, the Ulu Pandan Banks BTO project in Queenstown had an application rate of about 8 applicants per available unit, highlighting its popularity among homebuyers seeking proximity to the city and established facilities.

Non-mature estates, while offering lower application rates, still attracted significant interest due to their affordability and the potential for future development. Areas such as Tengah and Sembawang saw moderate application rates, indicating a growing interest as these regions develop.

2024 Outlook

Looking ahead to 2024, the trend of high demand in popular locations is expected to continue. The new Chencharu estate is poised to attract strong interest due to its strategic location near Khatib MRT station and comprehensive amenities. As the first BTO project in Chencharu, we could see high application rates, similar to mature estates, as it combines the benefits of a new development with excellent connectivity and planned facilities.

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