With the launch of new Built-To-Order (BTO) flats, many couples might be considering applying for one. The process can seem confusing, so here’s a simple guide to help you through it. Here’s a simple guide to help you and your other half start the journey of purchasing a BTO in Singapore:
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What are BTO Flats?
BTO flats are apartments offered by the Housing and Development Board (HDB) in Singapore. They come in various options, including 2-room Flexi, 3-room, 4-room, 5-room, and 3Gen flats.
HDB announces new BTO launches quarterly. You can check the HDB website for information on locations, flat types, and application periods.
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Who is Eligible to Apply for BTO?
To apply for a BTO flat, you must meet these criteria:
- Citizenship: At least one applicant must be a Singapore Citizen.
- Age: Both applicants must be at least 21 years old.
- Income Ceiling: Your combined household income must not exceed the prescribed income ceiling for the flat type you are applying for.
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Do You Have Enough Money to Apply for BTO?
Buying a house requires significant financial planning. Ensure you have sufficient savings and consider your financing options:
- HDB Loan: Offers lower interest rates and requires a 10% downpayment.
- Bank Loan: Higher interest rates but offers flexibility; requires a 20% downpayment.
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What are the Steps to Apply for BTO?
Step 1: HFE Letter
- Apply for the HDB Flat Eligibility (HFE) letter that provides flat buyers with a holistic understanding and assessment of their housing and financing options before they commence their home buying journey.
Step 2: Submit Application
- Online Application: Apply online during the application period.
- Administrative Fee: Pay a non-refundable administrative fee of $10.
Step 3: Balloting
- Computer Ballot System: HDB uses a computer ballot system to allocate queue numbers. Check your results once announced.
Step 4: Flat Selection
- Appointment: If your queue number is called, attend the flat selection appointment.
- Option Fee: Choose your desired flat and pay the option fee ($500 to $2,000, depending on the flat type).
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What Happens After I Apply for BTO?
Step 1: Signing Agreement for Lease
- Downpayment: Pay the downpayment (5% if using CPF, 10% with an HDB loan, or 20% with a bank loan).
- Legal Documents: Sign the Agreement for Lease and other legal documents.
Step 2: Completion and Collection
- Notification: HDB will notify you when your flat is ready.
- Final Payment: Settle the remaining purchase price.
- Keys: Collect your keys and take possession of your new home.
By following these steps and tips, you can navigate the BTO process smoothly and increase your chances of securing a flat that meets your needs.
For more information or the latest updates and changes to the flat buying process, visit
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