Buying a BTO Flat!

Buying a BTO in Singapore

First and foremost, eligibility !

Are you Eligible for BTO?

1.   You must be a Singaporean or one of them must be Singaporean/PR 
2.   You must be at least 21 years old at the time of application 
3.  For 4 room and above, your combine average gross monthly household income                must not exceed $10,000. For 3 room or below, your combine average gross monthly      household income must not exceed $5,000

Procedures and how much to pay when applying?

1) Constantly look out for BTO launches

Normally, HDB will have BTO sales launches every 2 months and they will announce it in the newspaper. You can also sign up for their HDB eAlert to automatically receive email/SMS alerts about HDB's sales launches.

2) You have to pay $10 for balloting

My advice would be apply only if you really want the flat. First timer always have higher chance of getting the flat because you will have extra tickets for the balloting. In the event, if you manage to get queue number and you reject their offer twice, you will lose first timer privileges. 

3) Selection of flat and $2,000 Option Fee

Once you are successful in the ballot, HDB will send you an email on your queue number and the appointment date for selection of flat. HDB will also send you an A4 size letter on more details on the appointment and a booklet on the BTO project you have selected.

On the day of appointment, you will select your preferred unit and then make a payment of $2000 option fee by NETS or cash only to book the unit.

4) Sign Sales Agreement and pay downpayment + Stamp duty and legal fees

After the appointment to book a flat, the next appointment will be to sign the Agreement of Lease and to pay the downpayment.

For HDB loan, the downpayment will be 10% of the purchase price. You can use your CPF savings to make the downpayment. If you don't have enough CPF savings, you can pay 5% first and the other 5% when the flat is completed.

Note: You may request reimbursement of the option fee after you have paid the downpayment using your CPF savings. 

5) Collection of key

More or less, the big day when you get your actual keys to your new home! Congratulations! :)
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Raama Subramaniyan
Premium Realtor
CEA Licence No.:
L3010738A / R009557I
+(65) 9235 4014