Build-To-Order (BTO) flats are HDB flats that are built based on the percentage of bookings of apartments. If more than 60% of the apartments in the BTO flats have been booked, then construction will begin right away. Otherwise, construction won’t push through. Because there needs to be a demand first prior to this type of real estate property being constructed, there is a particular wait time for BTO flats. Once HDB receives the sufficient number of qualified applicants, they will then have to wait another three to four years before the building is even constructed.
Category: HDB
10 Easy Tips In Purchasing a Flat from HDB
Having your own house or a place you can go home to is a sign of growing up and maturity, especially for those who have decided to further their relationships and buy a flat together and singles who are already working in routine while trying to hold their lives together and make sense of why mothers insist that they get a partner and have children.
HDB BTO Timeline: How Long Does It Take To Be Completed?
Singapore is surely everyone’s dream land. Whether you are a couple looking for your first house or is someone planning to stay here for good, now is the time for you to understand how owning a home here works. Are you curious as to how long will it take to have your dream flat come true? The Housing Development Board (HDB) is responsible for public housing in Singapore. BTO stands for Build to Order and is a flat allocation system under HDB. Interested buyers must apply for a flat from their preferred locations and wait for it until fully constructed.
Buying Your First BTO Flat? Here’s What You Need to Know
In every Singaporean’s life, it’s almost impossible not to have the opportunity to invest in a property or be able to purchase your own home.
With the government subsidies and real estate packages being offered left and right, it’s really up to the consumer to pick the right property that’s fit for his or her needs.
HDB Resale Flats: 9 Things You Need to Know Before Buying One in Singapore in 2019
A simple overview would bring you to the fact that HDB flats are simply more affordable considering that they are high-quality properties. Thus, it comes to no surprise that 8 out of 10 Singaporeans are now living in an HDB flat. And because there is a wide range of flat types and layouts which cater to various household sizes and housing budgets, more Singaporeans have HDB resale flats as their first property choice.
Rushing To Buy HDB Might Be A Big Mistake
Have you heard common financial advise asking you to “Come on, pay off your home loan as soon as possible so you will be debt free”. While this might apply to many other neighbouring countries, In Singapore, rushing to pay off your HDB might be a big mistake. And that applies to any form of… Continue reading Rushing To Buy HDB Might Be A Big Mistake