Understanding HDB BTO in Singapore: Your Guide to New Flats
In Singapore, owning a home is a significant milestone, and the HDB Build-To-Order (BTO) scheme offers an accessible way for many to achieve this dream. Managed by HDB, the BTO flats are launched periodically, and buyers apply before construction begins.
The application process requires interested individuals or families to submit their preferences and meet specific eligibility criteria. Once the application period closes, flats are allocated through a computerized balloting system which determines the successful applicants.
BTO flats typically come at lower prices than resale flats, providing a cost-effective option for first-timers. However, the waiting period for BTO flats can range from three to five years as construction starts after the application phase.
HDB launches BTO projects in various mature and non-mature towns more info like Bukit Batok, Sengkang, and Clementi.
The BTO scheme continues to be a cornerstone of public housing policy in Singapore, enabling residents to build their future with affordable flats.