Updated as of 17 Feb 2022: This article has been updated to include more information released during the Feb 2022 HDB BTO launch.
Out of the 3,953 units to be launched in the Feb 2022 HDB BTO, 443 units will be located in Geylang. Here’s everything you need to know about the Geylang BTO.
Feb 2022 Geylang HDB BTO (Dakota Crest) at a glance
|Location||Along Old Airport Road, Jalan Enam and Dakota Crescent|
|Number of units||443|
|Flat types||2-room Flexi, 3-room and 4-room|
|Number of blocks||3|
|Estimated completion date||Q4 2027 (waiting time of around 5 years)|
|Nearest MRT||Dakota MRT and Mountbatten MRT (4-minute walk)|
|Notable amenities||Old Airport Road Food Centre, Sports Hub|
|Primary school within 1km||Kong Hwa School|
We checked out what’s around the Geylang BTO site too! Here’s what to expect.
Feb 2022 Geylang HDB BTO (Dakota Crest) price range
Here’s the price range and estimated floor area for Dakota Crest.
|Flat type||Estimated floor area (sqm)||Price range|
|2-room Flexi (Type 1)||38||S$205,000 – S$239,000|
|2-room Flexi (Type 2)||48||S$236,000 – S$315,000|
|3-room||69||S$352,000 – S$456,000|
|4-room||93 – 96||S$522,000 – S$688,000|
Estimated downpayment, monthly instalment and income
With these price ranges, we can estimate the downpayment, monthly instalments and income needed to pay for the Feb 2022 Geylang BTO. These estimates are based on the following assumptions:
- An HDB loan is taken, maximising the 85% loan-to-value (LTV) that will take effect for new BTO launches after 16 December 2021
- The loan tenure is the maximum 25 years, with the current interest rate of 2.6%
- There is no other housing loan to service
For illustrative purposes, we’ll use the median of the price range and a mortgage calculator to calculate the estimates. For simplicity, we’re not taking into account any CPF OA savings or grants to be used.
When it comes to public housing, you’ll need to ensure that your monthly instalments don’t exceed the 30% Mortgage Servicing Ratio (MSR), which restricts the property loan you can take for an HDB flat or a new EC. By working backwards, we can then find the estimated monthly income needed.
|Flat type||Median price||Loan amount (85%)||Min. downpayment (15%)||Estimated monthly instalment||Estimated monthly income|
|2-room Flexi (Type 1)||S$222,000||S$188,700||S$33,300||S$856.07||S$2,853.57|
|2-room Flexi (Type 2)||S$275,500||S$234,175||S$41,325||S$1,062.38||S$3,541.27|
What we noticed about the Feb 2022 Geylang HDB BTO (Dakota Crest)
As mentioned in our overview, the Feb 2022 Geylang BTO plot is part of the Dakota Crescent estate that’s undergoing redevelopment. The area is known for being one of the oldest residential estates in Singapore, built in 1958 by HDB’s predecessor, Singapore Improvement Trust (SIT).
It was announced in 2017 that the iconic dove playground and blocks 10, 12, 14, 16, 18 and 20 would be retained and repurposed for community use. So this Geylang BTO makes for an ideal home for those who love a bit of nostalgia.
Another thing is that Dakota Crest is within walking distance to the Old Airport Road Food Centre — something that foodies will be pleased with. Plus, it’s one of the two projects in this Feb 2022 HDB BTO launch that’s located along the river.
Feb 2022 Geylang HDB BTO (Dakota Crest): The Pros
Among the February 2022 HDB BTO, we think this project has one of the best access to the MRT. It’s located right smack in between Dakota MRT and Mountbatten MRT on the Circle Line. Plus, both are only around four minutes away on foot.
For drivers, Kallang-Paya Lebar Expressway (KPE) and the East Coast Parkway (ECP) are a few streets down the road.
Food and retail amenities
In terms of the availability of affordable food amenities, we feel like this is one of the better BTO locations we’ve seen so far.
The plot is located right across the street from two hawker centres, with one being Old Airport Food Centre that’s known for local delights like char siew, rojak and lor mee. And for the times when this hawker centre gets too crowded, you can always go to the nearby Kallang Estate Market and Food Centre.
There’s also NTUC that’s just around three minutes walking distance from Dakota Crest.
For even more options, you can always walk to the eateries along Geylang Road or take a 20-minute bus ride to Katong.
Alternatively, you can take around a 15- to 20-minute bus ride to the nearest malls. These include Kallang Wave Mall, Leisure Park Kallang, PLQ, SingPost Centre and KINEX.
We think that this Geylang BTO is pretty family-friendly because there’s a number of childcare centres in the area. This includes PCF Sparkletots at Old Airport Road, Sunflower Preschool at Jalan Tiga and My First Skool at Cassia Crescent. All are within six minutes walking distance.
There will also be a childcare centre within Dakota Crest, on the first floor of the multi-storey car park.
Another highlight of this Feb 2022 Geylang BTO is that it’s within 1km of Kong Hwa School, which is one of the popular primary schools these days. Plus, it’s just 10 minutes away on foot.
Other primary schools nearby include Geylang Methodist (Primary), Haig Girls’ School and Tanjong Katong Primary, although they’re within the 1km to 2km radius.
There are several secondary schools nearby, such as Broadrick Secondary, Chung Cheng High School (Main), Dunman High School, Tanjong Katong Girls’ and Tanjong Katong Secondary. In fact, Broadrick Secondary is just around next to the BTO site, at around two minutes away on foot.
Given that Sports Hub is just around a twenty-minute walk away, Dakota Crest is also ideal for fitness enthusiasts. Here’s not just where the National Stadium and Indoor Stadium are at. You can also find other sports facilities such as volleyball courts, skate park and water sport rentals.
There’s also the Decathlon Singapore Lab just nine minutes walk away, where you can also try out the various equipment before buying them.
Expect a healthy price appreciation if you manage to snag a flat here. In general, 2-room, 3-room and 4-room flats in Geylang have seen price increases of 9.39% over the past five years.
We’ve observed an even higher price appreciation of 19.17% for flats in Sri Geylang Serai — the first BTO project in the area.
Feb 2022 Geylang HDB BTO (Dakota Crest): The Cons
One gripe we have about the Feb 2022 Geylang BTO is that it’s quite far from hospitals and polyclinics.
The nearest hospital, Parkway East Hospital in Joo Chiat, takes around a 10-minute drive to reach. Likewise, it takes around a 20-minute bus ride to get to Geylang Polyclinic.
Given the convenient location, it’s pretty much guaranteed that these Feb 2022 Geylang BTO flats will be oversubscribed.
For instance, during the last launch in Geylang for Macpherson Weave in the May 2021 BTO, four-room flats had an overall application rate of 5.5. Competition was even more intense among second-timers, with an application rate of 31.3!
So we expect similar numbers this time round. And if you’re a second timer, you may not want to ballot here.
Feb 2022 Geylang HDB BTO (Dakota Crest): Where are the best stacks?
Looking at the site map and URA master plan, it looks like the best stacks are the south stacks (116, 118, 120 and 122) facing Geylang River. That’s where you can get unblocked views, since it’s also facing the landed housing estate across the river in Marine Parade. Plus, you won’t get the afternoon sun.
The next best option for unblocked views and avoiding the afternoon sun is the east stacks (112 and 140) facing Broadrick Secondary School.
Feb 2022 Geylang HDB BTO (Dakota Crest): Should you apply?
Yes, especially if you’re planning to have a small family. Despite the project being under the HDB estate of Geylang, we think the Feb 2022 BTO has a pretty good location for small families. The area is pretty family-friendly, given the number of childcare centres and schools around. It’s near Sports Hub as well. And of course, it’s located away from the main Geylang area.
But if you really want to secure a unit this time round, here’s not where you should apply given how it will be one of the most popular ones (besides the Kallang/Whampoa BTO). So if you want to increase your chance of securing a BTO flat, go for the Yishun BTO or Tengah BTO instead.
On top of that, Dakota Crest has the longest waiting time of 63 months (around 5 years). So you can expect to get your keys only in Q4 2027.
Will you apply for the Feb 2022 Geylang BTO (Dakota Crest)? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, check out our overview of the February 2022 HDB BTO and in-depth reviews:
- Kallang/Whampoa Feb 2022 BTO (King George’s Heights)
- Tengah Feb 2022 BTO (Parc Flora and Plantation Creek)
- Yishun Feb 2022 BTO (Grove Spring and Yishun Boardwalk)
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Properties for sale in Geylang
Frequently asked questions
Can I apply for 2 BTO at the same time?
No, you can only apply for one BTO project during a sales exercise.
When is the next BTO launch?
The next BTO launch after the February 2022 one will be in May 2022. HDB will announce the launch during that month.
How much is a 2-room BTO?
Excluding grants, it generally ranges from a starting price of S$100,000 to S$300,000. Those in mature estates will have a higher starting price. For instance, 2-room flats in Dakota Crest range from S$205,000 to S$315,000
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.