The Housing and Development Board (HDB) has just announced that their Build-To-Order (BTO) flats are now available for application. This is great news for homebuyers, who are looking for an affordable place to live in Singapore.
What Are HDB BTOs?
HDB BTOs are a type of public housing built and sold by the HDB. They are typically more affordable than private housing, but come with certain restrictions – such as a minimum income requirement, and a maximum loan amount that can be taken out.
What’s On Offer?
The latest batch of BTOs is located in the mature estates of Toa Payoh and Bishan, as well as the upcoming developments of Tengah and Punggol. There are a total of 7,040 units, with a mix of 2-room flexi, 3-room, 4-room and 5-room flats, as well as 3-Generation (3Gen) flats. Prices range from $90,000 for a 2-room flexi flat, to $400,000 for a 5-room flat.
How To Apply
The application process for BTOs is quite straightforward. First, you need to register your interest through the HDB website. You will then be invited to apply for the BTOs, with the application closing on April 19th.
Once the application is submitted, your household income will be assessed to determine if you are eligible for the BTOs. If you are eligible, you will be invited to an interview, where you can discuss your housing needs and preferences.
What Are The Benefits?
HDB BTOs offer a number of benefits. Firstly, they are more affordable than private housing, making them a great option for first-time homebuyers. Secondly, they come with a number of subsidies and grants, such as the Additional Housing Grant (AHG) and the Special CPF Housing Grant (SHG).
If you’re looking for an affordable place to live in Singapore, HDB BTOs may be the perfect option for you. With a range of flats to choose from, and subsidies and grants available, it’s definitely worth considering.