A Singaporean's Step-By-Step Guide: Applying For Your First HDB BTO (November 2020 BTO Sales Launch)
November 2020 HDB BTO Sales Launch Prices
Looking to BTO soon?
The prices for the November 2020 HDB BTO Sales Launch are finally out!
| Town | HDB BTO Project | Flat Type | Price (Excluding Grants) | Price (Including Grants) |
|---|---|---|---|---|
Non-Mature |
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| Sembawang | Sun Sails | 2-Room Flexi | From $92,000 | From $12,000 |
| 3-Room | From $163,000 | From $88,000 | ||
| 4-Room | From $260,000 | From $200,000 | ||
| 5-Room | From $336,000 | From $291,000 | ||
| Tengah | Garden Court @ Tengah Garden Terrace @ Tengah | 2-Room Flexi | From $108,000 | From $28,000 |
| 3-Room | From $194,000 | From $119,000 | ||
| 4-Room | From $288,000 | From $228,000 | ||
| 5-Room | From $394,000 | From $349,000 | ||
Mature |
||||
| Toa Payoh | Bartley Beacon ParkView @ Bidadari | 3-Room | From $324,000 | From $264,000 |
| 4-Room | From $466,000 | From $421,000 | ||
| 5-Room | From $627,000 | From $597,000 | ||
| Bishan | Bishan Ridges | 2-Room Flexi (40-year Lease) | From $121,000 | From $41,000 |
| 3-Room | From $374,000 | From $314,000 | ||
| 4-Room | From $528,000 | From $483,000 | ||
| Tampines | Tampines GreenEmerald | 2-Room Flexi | From $130,000 | From $50,000 |
| 4-Room | From $334,000 | From $289,000 | ||
| 5-Room | From $460,000 | From $430,000 | ||
Do note that
- 2-room Flexi flats come in two sizes. Type 1 which is 36/38 sqm and type 2 that is 45/46/47 sqm.
- The starting prices of flats in the table above are based on 99-year leases.
- For Bishan Ridges, the 2-room Flexi flats are only offered to seniors, which also explains the short 40-year lease.
We also did an in-depth analysis of this BTO launch to help Singaporeans make a smarter decision!
Step-by-Step Guide: How To Apply For An HDB BTO?
Think that buying your first HDB BTO (Built-To-Order) flat is daunting?
Spent hours on end researching and trying to understand the application process?
We gotchu.
Here’s how you can apply for your first BTO.
1) Am I Eligible To Apply For An HDB BTO?
Before you even start applying for one, complete this survey to check your eligibility!
You and your partner need to fulfil the following criteria:
- At least one of the applicants is a Singaporean
- The other applicant is either a Singaporean or a Singapore Permanent Resident.
- Either or both the applicants are 21 years or older
- Your combined income does not exceed $14,000 (Special cases will be mentioned in the description of launch)
- You do not own other local or overseas property
- You have not sold any property within the last 30 months
- You have not bought more than one new HDB/DBSS flat or EC before.
- You have not received more than one CPF Housing grant thus far.
2) How Do I Pay For My HDB BTO?
Ensure that you have enough to pay the initial cost.
If you are purchasing your flat from HDB:
| Stage | Payment Due | Mode of Payment |
|---|---|---|
| Submitting your application | $10 | Credit Card |
| Booking a flat | Option fee | NETS |
| Signing of agreement for lease | • Stamp duty • Downpayment | • Cashier's order • CPF |
| Collection of keys | • Stamp duty and legal fees • Home Protection Scheme • Fire Insurance • Balance of the purchase price | • Cashier's order • CPF |
If you are purchasing a DBSS flat or EC from a developer:
| Stage | Payment Due | Mode of Payment |
|---|---|---|
| Submitting your application | Determined by developer | Determined by developer |
| Booking a flat and signing the Option to Purchase (OTP) | Option fee - 5% of purchase price (goes to the cash portion of the downpayment) | • Cash • Cashier's orde • Cheque |
| Signing Sale and Purchase Agreement | • Balance downpayment • 1% to 3% legal fee and stamp duty | • Cash • Cashier's orde • Cheque • CPF |
| Collection of keys | If paying installments using CPF savings: • Home Protection Scheme* • Fire Insurance* The developer will inform you of any other payments to make | • Cash • Cashier's orde • Cheque • CPF |
| *Not applicable for ECs | ||
Apply for the HDB Loan Eligibility (HLE) letter if you are looking to take a loan from HDB.
You will need this HLE letter during the Booking of Flat (selecting your flat).
If you prefer not to use an HDB CPF Loan, you can also approach your preferred bank for a loan.
You will need a valid Letter Of Offer from the banks before signing the Agreement of Lease.
3) Lookout for New BTO Launches and Apply!
Keep yourself updated for BTO launches and apply here.
- $10 application fee is required for the application.
Make sure you think it through because a break-up after you BTO-ed means you’ll need to pay a hefty amount…
4) Check the Results of Your Application for Your HDB BTO
When the application period ends, your queue position will be balloted.
The application result will be sent to you via email or post.
You can also check the status of it online too.
Applicants will be invited to select a flat according to the balloted queue number.
Whether or not you get your chance to select a flat depends on the number of flats available when it reaches your queue number.
5) Paying the Option Fee
If you’re lucky enough to be able to select the flat you want, you’ll need to pay the Option Fee.
A valid HLE letter is required when selecting a flat if you are taking a loan from HDB.
6) Agreement of Lease and Key Collection
Sign the agreement for lease or to collect the keys for the flat, a few months after selecting a flat.
The signing of an agreement for lease are for flats that are still under construction, and keys for flats that are already completed.
This is the stage where you pay for the downpayment, legal fees, and stamp fees.
A valid HLE or Letter of Offer from the bank is required at this stage too.
